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IPO Open

Wed, Jul 22, 2026

IPO Close

Fri, Jul 24, 2026

Price Band

₹151.00 to ₹152.00

Market Cap (Pre-IPO)

To be declared

IPO Details

  • IPO Date
    22 to 24 Jul, 2026
  • Listing Date
    Wed, Jul 29, 2026
  • Price Band
    ₹151.00 to ₹152.00
  • Sale Type
    OFS only
  • Issue Type
    Bookbuilding InvIT
  • Listing At
    BSE NSE
  • Total Issue Size
    32,89,47,368 shares (agg. up to ₹5,000 Cr)
  • Offer for Sale
    32,89,47,368 shares of ₹[.] (agg. up to ₹5,000 Cr)
  • Share Holding Pre Issue
    1,34,40,69,762 shares
  • Share Holding Post Issue
    1,34,40,69,762 shares

IPO Timetable (Tentative)

  • InvIT Open
    Wed, Jul 22, 2026
  • Allotment
    Mon, Jul 27, 2026
  • Credit of Shares
    Tue, Jul 28, 2026
  • InvIT Close
    Fri, Jul 24, 2026
  • Refund
    Tue, Jul 28, 2026
  • Listing
    Wed, Jul 29, 2026

Issue Reservation

Cube Highways Trust InvIT comprises a total issue size of 8,22,36,840 shares. Out of which, .

Investor Category Shares Offered
Strategic Investor Shares Offered 8,22,36,840
Total Shares Offered 8,22,36,840

About Cube Highways Trust

Incorporated in March 2022, Cube Highways Trust is an Indian Infrastructure Investment Trust (InvIT) sponsored by Cube Highways and Infrastructure V Pte. Ltd., established to acquire, own, operate, and manage road and other infrastructure assets across India. The Trust operates a diversified portfolio of highway assets comprising toll and annuity-based projects, generating stable cash flows through long-term concession agreements. As of March 31, 2026, its portfolio consisted of 27 road assets covering 8,754 lane kilometers across 12 states and one union territory, making it one of India’s leading highway infrastructure InvITs.

The Trust focuses on acquiring mature, cash-generating infrastructure assets while enhancing operational efficiency through advanced asset management, maintenance expertise, and disciplined capital allocation. Backed by the Cube Group, it benefits from strong institutional sponsorship, proven M&A capabilities, and a robust pipeline of committed and right-of-first-offer (ROFO) assets, supporting long-term portfolio expansion and value creation.

Cube Highways Trust is managed by Cube Highways Fund Advisors Private Limited, which oversees investment management, portfolio operations, and strategic growth. As of March 31, 2026, the Trust and its portfolio entities employed over 800 personnel across operations, maintenance, finance, safety, compliance, and project management functions, supported by more than 5,000 contractual staff for on-ground operations.

 Competitive Strengths

  • One of India’s leading highway Infrastructure Investment Trusts with a diversified road asset portfolio.
  • Strong institutional sponsorship with access to committed assets and future acquisition opportunities.
  • Proven expertise in highway acquisitions, asset management, and operational optimization.
  • Balanced mix of toll and annuity assets providing stable and predictable cash flows.

Company Financials (Restated Consolidated)

Cube Highways Trust’s revenue increased by 26% and profit after tax (PAT) rose by 707% between the financial year ending with March 31, 2026 and March 31, 2025.

Period Ended 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 29,398.47 28,000.16 24,625.75
Total Income 4,359.03 3,453.15 3,074.11
Profit After Tax 216.72 -35.72 -705.92
EBITDA 3,234.54 2,379.70 1,368.86
Reserves and Surplus 147.94 126.97 78.70
Total Borrowing 17,664.71 15,114.69 10,735.27

Recently Listed IPOs in Road Assets–Toll, Annuity, Hybrid-Annuity

Company Issue Type Issue Size Issue Price PE Ratio Listing Day Close Listing Gain/Loss % LTP
Citius Transnet Investment Trust Mainboard ₹1,105.00 Cr ₹100 null ₹106.23 +6.23% ₹110.04 (+0.27%)
Raajmarg Infra Investment Trust Mainboard ₹6,000.00 Cr ₹100 null ₹100.00 +0.00% ₹116.50 (-0.47%)
Innovision Ltd. Mainboard ₹319.25 Cr ₹519 33.8 ₹374.20 -27.90% ₹290.10 (-0.03%)

InvIT Registrar

Kfin Technologies Ltd.

InvIT Lead Manager(s)

  1. Kotak Mahindra Capital Co.Ltd.  (Past IPO Performance)
  2. HDFC Bank Ltd.  (Past IPO Performance)
  3. HSBC Securities & Capital Markets (India) Pvt.Ltd.  (Past IPO Performance)
  4. JM Financial Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Cube Highways Trust Address
B-376,
Upper Ground Floor,
Nirman Vihar
New Delhi, New Delhi, 110092
  • + 91 120 4868300
  • compliance.officer@cubehighways.com
  • Visit Website

IPO FAQs

Cube Highways Trust InvIT is a main-board InvIT of 32,89,47,368 equity shares of the face value of ₹[.] aggregating up to ₹5,000 Crores. The issue is priced at ₹151.00 to ₹152.00. The minimum order quantity is .

The InvIT opens on Wed, Jul 22, 2026, and closes on Fri, Jul 24, 2026.

Kfin Technologies Ltd. is the registrar for the InvIT. The shares are proposed to be listed on BSE, NSE.

Angel One customers can apply online in Cube Highways Trust InvIT using UPI as a payment gateway. Angel One customers can apply in Cube Highways Trust InvIT by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Cube Highways Trust InvIT through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Cube Highways Trust InvIT’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Cube Highways Trust InvIT opens on Wed, Jul 22, 2026 and closes on Fri, Jul 24, 2026.

Cube Highways Trust InvIT lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Cube Highways Trust InvIT online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Cube Highways Trust InvIT will be done on Monday, July 27, 2026, and the allotted shares will be credited to your demat account by Tue, Jul 28, 2026. Check the Cube Highways Trust InvIT allotment status.

The Cube Highways Trust InvIT listing date is not yet announced. The tentative date of listing is Wed, Jul 29, 2026.

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