Tue Aug 05 02:50:00 UTC 2025: Here’s a summary of the text followed by a news article:

**Summary:**

Highway Infrastructure, a tollway operator, is launching a Rs 130 crore IPO on August 5th. Prior to the IPO, the company raised Rs 23.4 crore from anchor investors including VPK Global Ventures Fund, HDFC Bank, Abans Finance, and Sunrise Investment Opportunities Fund. The IPO price band is Rs 65-70 per share. The company will use the funds for working capital and general corporate purposes. Their revenue is primarily from tollway collection, with a significant contribution from EPC infrastructure. The company has a growing revenue and profit.

**News Article:**

**Highway Infrastructure IPO Opens August 5th After Securing Rs 23.4 Crore from Anchor Investors**

Mumbai, August 4, 2024 – Highway Infrastructure, a Madhya Pradesh-based tollway operator, is set to launch its Rs 130 crore Initial Public Offering (IPO) on August 5th, closing on August 7th. The price band for the issue has been fixed at Rs 65-70 per share.

Ahead of the public offering, the company successfully raised Rs 23.4 crore through an anchor book allocation on August 4th. Key institutional investors participating in the anchor round include VPK Global Ventures Fund (investing Rs 8.4 crore), HDFC Bank, Abans Finance, and Sunrise Investment Opportunities Fund (each investing Rs 5 crore).

The IPO comprises a fresh issue of shares worth Rs 97.52 crore and an offer-for-sale of 46.4 lakh shares amounting to Rs 32.48 crore by existing promoters.

Highway Infrastructure intends to utilize Rs 65 crore from the fresh issue proceeds to bolster its working capital and allocate the remaining funds for general corporate purposes.

The company’s revenue stream is predominantly driven by its tollway collection business (77% of revenue), followed by its EPC infrastructure segment (21%). The company has demonstrated growth, with revenue from operations increasing at a CAGR of 4.36% to Rs 495.7 crore and profit increasing at a CAGR of 27.4% to Rs 22.4 crore between fiscal years 2023 and 2025. As of the end of fiscal 2025, their consolidated order book stood at Rs 666.3 crore.

Pantomath Capital Advisors is the sole book-running lead manager for the Highway Infrastructure IPO. Investors are advised to consult the IPO prospectus for a comprehensive understanding of the company and its offerings.

Read More