Highway Infrastructure, Jaro Education file DRHPs with Sebi to raise funds through IPO

Highway Infrastructure Ltd (HIL) filed for an IPO, including a fresh issue of Rs 105 crore and an OFS of Rs 310 crore. HIL is engaged in tollway collection, infrastructure development, and real estate. Jaro Institute of Technology Management and Research also filed for an IPO, with a fresh issue of Rs 170 crore and an OFS of Rs 400 crore by promoter Sanjay Namdeo Salunkhe. Jaro Education plans to use proceeds for marketing, debt repayment, and general corporate purposes.