Highway Infrastructure Limited, an infrastructure development and management company with interests across tollway operations, EPC infra, and real estate projects, successfully launched its Initial Public Offering (IPO) aggregating to ₹130 crore.
The issue saw overwhelming demand, being oversubscribed an exceptional 316 times, underlining robust investor confidence.
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The IPO comprised a fresh issue of ₹97.52 crore and an offer for sale (OFS) aggregating to ₹32.48 crore by existing shareholders.
Legal Advisors to the Transaction
ALMT Legal – Legal Counsel to the Company
ALMT Legal, Bangalore acted as the Indian legal counsel to Highway Infrastructure Limited on this IPO. The firm provided end-to-end support across regulatory, corporate, and compliance matters for the company throughout the IPO process.
ALMT Legal Deal Team:
Rajat Bopaiah, Senior Partner (Lead)
Souvik Paul Mazumdar, Partner
Aman Singh Poras, Principal Associate
Natasha Ponnappa, Senior Associate
Nikhil Krishna, Associate
Gunjan S. Jain, Associate
Zac Toby, Associate
Danika A. Joplin, Associate
As the company’s legal advisors, ALMT Legal played a key role in navigating legal complexities and ensuring regulatory compliance with SEBI and stock exchange requirements for listing.
About Highway Infrastructure Limited
Founded with a focus on national infrastructure development, Highway Infrastructure Limited has built a diverse portfolio spanning:
Tollway Collection: Management and operation of highway toll plazas across India.
EPC Infra Projects: Engineering, procurement, and construction activities in public infrastructure.
Real Estate: Development and commercialization of land assets in strategic urban and semi-urban locations.
With more than a decade of experience and a pan-India operational footprint, the company is positioning itself as a key player in India’s infrastructure growth story.
Market Response and Subscription Details
The IPO of Highway Infrastructure Limited witnessed massive oversubscription of 316x, led by significant interest from all categories of investors. While detailed breakdowns are awaited at the time of publishing, this strong response signals high market appetite for infrastructure-backed companies amid India’s expanding capital expenditure and public-private partnership models.
Strategic Significance
The successful listing marks a major milestone for Highway Infrastructure Limited, enabling the company to:
Augment working capital
Invest in expansion of EPC operations
Repay borrowings and strengthen balance sheet
Increase visibility and public market credibility
Given the company’s established presence in tollway operations and infrastructure development, this IPO positions it to capitalise on upcoming government-led infrastructure initiatives and opportunities in the private sector.
Why This Deal Matters
Investor Interest in Infrastructure: The extraordinary oversubscription reflects growing investor confidence in infrastructure and EPC-led companies amid India’s push toward ₹100 lakh crore infrastructure investments under the National Infrastructure Pipeline (NIP).
Mid-Sized IPO with Big Reception: Despite its relatively modest size of ₹130 crore, the IPO caught major attention, suggesting appetite for mid-market companies with proven operational track records.
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Disclaimer
This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions.
