Third-Place Debut for Highway Infrastructure Limited's Stock Market Launch in the Nation
Highway Infrastructure Limited (HIL), a renowned player in the road and bridge construction sector, is all set to list its shares on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on August 12, 2025, following a successful Initial Public Offering (IPO). The IPO, which opened on August 5 and closed on August 7, aimed to raise approximately ₹130 crore.
With a rich legacy spanning over 30 years, HIL has established a strong presence across 11 states and 1 union territory in India. The company's portfolio includes Engineering, Procurement, and Construction (EPC) infrastructure projects, toll projects, and real estate development.
HIL's financial performance for the fiscal year 2025 shows a revenue of approximately ₹504.48 crore and a net profit of ₹22.4 crore. The company's Return on Equity (ROE) stands at 19.03%, and its Return on Capital Employed (ROCE) is 16.56%, indicative of a strong financial position.
Arun Jain, the Managing Director of HIL, stated that the record-breaking subscription is a testament to investor confidence and the company's vision for future expansion. He also mentioned that the company aims to expand its presence across the country and participate in larger projects to bring meaningful change to India's infrastructure landscape.
CA Bhavya Mantri, a subject expert, praised HIL's balanced business model, strong returns, and low debt-equity ratio, making it well-prepared for sustainable growth. He also expressed that the enthusiastic response from investors validates the trust in the company.
Whole Time Director Anoop Agrawal expressed his readiness to set new benchmarks in technology adoption, efficiency, and quality. Mr. Riddharth Jain, a new Director, has joined the Board, bringing fresh energy, digital thinking, and a futuristic perspective.
In terms of sector expansion, HIL intends to expand into new states and explore government schemes to increase its footprint. The company plans to diversify further by venturing into new verticals such as wayside amenities alongside its core toll and EPC businesses. The IPO proceeds are expected to support working capital and general corporate purposes to enable these growth strategies.
The Union Budget 2024-25 has allocated Rs. 11.11 lakh crore towards capital expenditure, with Rs. 2.78 lakh crore earmarked for the road sector. Over the next five years, more than 35,000 kilometres of new national highways are planned for construction. With such favourable conditions, HIL is poised to contribute significantly to India's infrastructure story.
HIL's operations, largely awarded by government agencies including NHAI, position it as a strategic player contributing to India's infrastructure growth agenda. The company has completed projects worth over Rs. 2,000 crore approx. on time and is currently operating four tollways, including ANPR-enabled toll collection on the Delhi-Meerut Expressway.
With a solid foundation, clear vision, and investor trust, Highway Infrastructure Limited is ready to contribute significantly to India's infrastructure through enhanced toll operations, EPC project execution, and expanding service offerings across multiple states.
Technology will play a crucial role in HIL's plans for expansion, as Whole Time Director Anoop Agrawal expressed his intention to set new benchmarks in technological adoption, efficiency, and quality.
The successful IPO of HIL demonstrates the potential for infrastructure-focused businesses in finance, as the company aims to use the proceeds to support working capital and general corporate purposes, enabling growth strategies in new states and verticals.
