Cube Highways Trust InvIT IPO To Open On July 22, Rs 5,000-Crore OFS Priced At Rs 151-152 Per Unit

Cube Highways Trust will launch its Rs 5,000 crore initial public offering (IPO) on July 22. The public issue, which closes on July 24, is entirely an offer for sale (OFS) of 328.95 million units. The issue's price band is fixed at Rs 151-152 per unit.

As the issue does not include a fresh issue, the Trust will not receive any proceeds. The entire amount raised will go to the selling unitholders.

The basis of allotment is likely to be finalised on July 27. Units are expected to be credited to successful bidders' demat accounts on July 28, ahead of the proposed listing on the BSE and NSE on July 29.

Kotak Mahindra Capital Company is the book-running lead manager to the issue, while Kfin Technologies is the registrar.

About Cube Highways Trust

Established in March 2022, Cube Highways Trust is an Infrastructure Investment Trust (InvIT) sponsored by Cube Highways and Infrastructure V Pte. Ltd. It owns and operates a portfolio of road assets across India.

As of March 31, 2026, Cube Highways Trust owned 27 highway projects spread across 12 states and one Union Territory, covering 8,754 lane kilometres. The portfolio includes both toll roads and annuity-based projects that provide a steady stream of income.

The Trust is managed by Cube Highways Fund Advisors, which oversees investments, operations and portfolio expansion. It had more than 800 employees and over 5,000 contractual staff as of March-end 2026.

Cube Highways Trust InvIT's Financial Performance

Cube Highways Trust reported total income of Rs 4,359.03 crore for FY26, up 26 per cent from Rs 3,453.15 crore in FY25.

The Trust posted a profit after tax of Rs 216.72 crore during the year, compared with a loss of Rs 35.72 crore in the previous year. Ebitda increased to Rs 3,234.54 crore from Rs 2,379.70 crore.

Its total assets stood at Rs 29,398.47 crore as of March 31, 2026, and its debt were Rs 17,664.71 crore.

Cube Highways Trust InvIT GMP

The grey market premium (GMP) for the Cube Highways Trust InvIT IPO was not available at the time of writing. Activity in the unofficial market is expected to begin closer to the opening of the subscription window.