Tue Aug 05 02:50:00 UTC 2025: Okay, here’s a news article summarizing the provided text:

**Highway Infrastructure Announces ₹130 Crore IPO to Fuel Expansion**

**[City, Date]** – Highway Infrastructure is set to launch an Initial Public Offering (IPO) to raise ₹130 crore, with the issue price fixed between ₹65 and ₹70 per equity share. The company plans to utilize the IPO proceeds to strengthen its working capital and address general corporate needs.

The IPO comprises a fresh issue of equity shares worth ₹97 crore and an offer for sale (OFS) of ₹32 crore.

According to Arun Kumar Jain, Managing Director of Highway Infrastructure, the capital raised will be strategically deployed to bolster EPC operations, improve tolling infrastructure, and pursue growth opportunities across the infrastructure and real estate sectors.

As of May, Highway Infrastructure boasts a robust order book of ₹666 crore, with ₹59 crore stemming from toll collection activities and ₹607 crore attributed to its EPC infrastructure business. In the financial year 2025, toll collection accounted for 77% of the company’s total revenue, while EPC projects contributed 21%, with the remainder derived from real estate ventures.

For FY25, Highway Infrastructure reported revenue of ₹496 crore, an EBITDA of ₹31 crore, and a net profit of ₹22 crore.

Pantomath Capital Advisors will act as the book-running lead manager for the IPO, while Bigshare Services will serve as the registrar.

This IPO marks a significant step for Highway Infrastructure as it aims to capitalize on growth opportunities within the infrastructure and real estate landscape.

Read More