Latest news with #HIL
Time of India
10 hours ago
- Business
- Time of India
Highway Infrastructure shares hit 5% upper circuit after listing; IPO delivers 75% returns in first hour
Highway Infrastructure Ltd (HIL) shares made a stellar debut on the BSE on Tuesday, delivering hefty gains to IPO investors within the first hour of trade. The momentum stayed strong, with the stock hitting the 5% upper circuit and notching up nearly 75% returns in under an hour. Highway Infrastructure shares debuted at Rs 117 apiece, marking a 67% premium over the issue price of Rs 70. The stellar debut followed a robust demand during the IPO phase, coupled with investor optimism towards the infrastructure sector, which continues to see strong order execution trends and a government push for development projects. What should investors do now? Brokerages tracking the company's IPO have maintained their positive stance on HIL, with a focus on its long-term potential in the infrastructure development and management segment. Angel One According to Angel One, HIL delivered stable financial performance in FY25, reporting revenue of Rs 495.72 crore and a profit after tax (PAT) of Rs 22.40 crore, resulting in a PAT margin of 4.5%. The company's EBITDA margin stood at 6.3%, while Return on Capital Employed (ROCE) and Return on Equity (ROE) were approximately 16.6% and 19%, respectively — levels that indicate efficient capital utilisation. Angel One also noted the company's prudent financial management, with a healthy debt-to-equity ratio of 0.61x. The IPO, which raised Rs 130 crore, comprised a fresh issue of Rs 97.52 crore and an offer for sale of Rs 32.48 crore. Proceeds from the fresh issue will primarily be used to fund working capital requirements of Rs 65 crore, with the remaining amount earmarked for general corporate purposes. Valuation-wise, HIL's IPO was priced at a post-issue P/E of 22.4x, which Angel One said was in line with sector peers. Backed by consistent order book execution, low leverage, and strong policy tailwinds in the infrastructure space, the brokerage has given the IPO a 'Subscribe' for long-term rating. Bajaj Broking Bajaj Broking has also assigned a 'Subscribe' for long-term recommendation on the stock. The brokerage highlighted that HIL is engaged in infrastructure development and management services, with toll collection as its primary segment, followed by EPC (Engineering, Procurement and Construction) and real estate segments. Over the last three fiscals, HIL has posted an average Earnings Per Share (EPS) of Rs 3.13 and an average Return on Net Worth (RoNW) of 19.71%. On the financial performance front, the company's consolidated total income and net profit have grown steadily: FY23: Rs 456.83 crore revenue / Rs 13.80 crore PAT FY24: Rs 576.58 crore revenue / Rs 21.41 crore PAT FY25: Rs 504.48 crore revenue / Rs 22.40 crore PAT Bajaj Broking noted that based on FY25 annualised earnings, the asking price valued the stock at a P/E of 22.44, while on FY24 earnings, the P/E stood at 23.41. Highway Infrastructure IPO details The Rs 130 crore IPO was split into a fresh issue and an offer for sale. Of the Rs 97.52 crore fresh issue proceeds, Rs 65 crore will go towards funding working capital needs, with the balance allocated for general corporate purposes. The Rs 32.48 crore offer for sale provided an exit opportunity for some existing shareholders. Also read: Praj Industries shares sink 9% to 52-week low as Q1 profit plummets 94% YoY ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
India.com
11 hours ago
- Business
- India.com
Highway Infra Makes Steller Debut Surges Over 67%
New Delhi: Shares of Highway Infrastructure Ltd. made an impressive debut on the stock markets on August 12, listing at a price much higher than its IPO rate. The company's IPO (Initial Public Offering) was open from August 5 to August 7 and received an overwhelming response — subscribed 300.61 times. The IPO size was Rs 130 crore, with a price band of Rs 65-70 per share. On the NSE, HIL shares listed at Rs 115, about 64 percent higher than the issue price. On the BSE, they opened at Rs 117, about 67 percent higher. The company's market value after listing was around Rs 839 crore. Earlier, HIL had raised Rs 23.4 crore from anchor investors like HDFC Bank and Abans Finance Pvt Ltd. Interestingly, the stock performed even better than what was expected in the grey market, which had predicted around a 34 percent listing gain. About the Company: Founded in 1995 and based in Indore, HIL has nearly 30 years of experience in toll collection and infrastructure projects. It works across many states, including Madhya Pradesh, Gujarat, Andhra Pradesh, Punjab, Maharashtra, Telangana, Chhattisgarh, Haryana, Uttar Pradesh, Rajasthan, Odisha, and Delhi. As of May 31, 2025, it had an order book worth Rs 666.3 crore, including Rs 59.5 crore from toll collection and Rs 606.8 crore from EPC projects.
Hans India
11 hours ago
- Business
- Hans India
Highway Infrastructure shares jump over 67 pc in market debut trade
Shares of Highway Infrastructure Ltd on Tuesday listed with a premium of over 67 per cent against the issue price of Rs 70. The stock started trading at Rs 117, up 67.14 per cent from the issue price on the BSE. At the NSE, it listed at Rs 115, a jump of 64.28 per cent. The company's market valuation stood at Rs 881.02 crore. The initial public offer of Highway Infrastructure Ltd garnered a whopping 300.61 times subscription on the closing day of the share sale on Thursday last week. The Rs 130-crore IPO had a price band of Rs 65-70 per share. The initial public offer (IPO) was a mix of fresh issue of 1.39 crore shares aggregating to Rs 97.52 crore and an offer-for-sale of 46.4 lakh shares amounting to Rs 32.48 crore. Incorporated in 1995, Highway Infrastructure Ltd (HIL) is engaged in tollway collection, EPC (Engineering, Procurement, and Construction) projects, and real estate development. The Indore-based company specialises in the construction and maintenance of roads, highways, bridges, and residential projects.
Business Standard
11 hours ago
- Business
- Business Standard
Highway Infrastructure spurts on debut
Shares of Highway Infrastructure were frozen at the upper limit of 5% at Rs 122.84 on the BSE, representing a premium of 75.49% compared with the issue price of Rs 70. The scrip was listed at Rs 117, exhibiting a premium of 67.14% to the issue price. So far, the stock has hit a high of Rs 122.84 and a low of Rs 116. On the BSE, over 19.87 lakh shares of the company were traded in the counter so far. The initial public offer of Highway Infrastructure was subscribed 300.61 times. The issue opened for bidding on 5 August 2025 and it closed on 7 August 2025. The price band of the IPO is fixed between Rs 65 and 70 per share. The offer comprised a fresh issue of equity shares worth up to Rs 97.52 crore and an offer for sale (OFS) of 46,40,000 equity shares. The entire OFS portion is being offered by the promoters, with Arun Kumar Jain and Anoop Agarwal each selling 23,20,000 shares. Of the net proceeds from the fresh issue, the company proposes to utilize Rs 65 crore towards funding. The working capital requirements of the company and the balance towards general corporate purposes. Highway Infrastructure (HIL) is a Madhya Pradesh-based infrastructure development and management company, promoted by Arun K. Jain, Anoop Agarwal, and Riddharth Jain. Its core businesses include tollway collection, EPC infra projects, and real estate development. The company has completed 27 tollway projects and currently operates 4, using advanced ETC and ANPR technologies. Its EPC arm has executed over 66 projects across roads, bridges, and irrigation works under schemes like PMAY and PMGSY. HIL is also developing realty projects in Indore, including residential and integrated developments. Toll collection contributed over 77% to FY25 revenue, followed by EPC and real estate. Its order book as of May 31, 2025, stood at Rs 666.31 crore. Ahead of the IPO, Highway Infrastructure, on 4 August 2025, raised Rs 23.39 crore from anchor investors. The board allotted 33.42 lakh shares at Rs 70 each to 4 anchor investors. The firm reported a consolidated net profit of Rs 22.40 crore and sales of Rs 495.72 crore for the twelve months ended on 31 March 2025.
Business Standard
4 days ago
- Business
- Business Standard
Highway Infrastructure IPO ends with 300.61x subscription
The offer received bids for 4.82 crore shares as against 1.60 crore shares on offer. The initial public offer of Highway Infrastructure received bids for 4,82,27,63,700 shares as against 1,60,43,046 shares on offer. The issue was subscribed 300.61 times. The Non-Institutional Investors (NIIs) category was subscribed 447.32 times. The Qualified Institutional Buyers (QIBs) category was subscribed 420.57 times. The Retail Individual Investors (RIIs) category was subscribed 155.58 times. The issue opened for bidding on 5 August 2025 and it closed on 7 August 2025. The price band of the IPO is fixed between Rs 65 and 70 per share. The offer comprised a fresh issue of equity shares worth up to Rs 97.52 crore and an offer for sale (OFS) of 46,40,000 equity shares. The entire OFS portion is being offered by the promoters, with Arun Kumar Jain and Anoop Agarwal each selling 23,20,000 shares. Of the net proceeds from the fresh issue, the company proposes to utilize Rs 65 crore towards funding. The working capital requirements of the company and the balance towards general corporate purposes. Highway Infrastructure (HIL) is a Madhya Pradesh-based infrastructure development and management company, promoted by Arun K. Jain, Anoop Agarwal, and Riddharth Jain. Its core businesses include tollway collection, EPC infra projects, and real estate development. The company has completed 27 tollway projects and currently operates 4, using advanced ETC and ANPR technologies. Its EPC arm has executed over 66 projects across roads, bridges, and irrigation works under schemes like PMAY and PMGSY. HIL is also developing realty projects in Indore, including residential and integrated developments. Toll collection contributed over 77% to FY25 revenue, followed by EPC and real estate. Its order book as of May 31, 2025, stood at Rs 666.31 crore. Ahead of the IPO, Highway Infrastructure, on 4 August 2025, raised Rs 23.39 crore from anchor investors. The board allotted 33.42 lakh shares at Rs 70 each to 4 anchor investors. The firm reported a consolidated net profit of Rs 22.40 crore and sales of Rs 495.72 crore for the twelve months ended on 31 March 2025.
