
Cube Highways Trust
CLOSEDIPO Date: 22 Jul - 24 Jul 2026
Listing Date: 31 Jul 2026
Price Range
Rs.151 - Rs.152
Issue Size
5000 Cr
Min Investment
₹14,345
Lot Size
95 Shares
Schedule of Cube Highways Trust
Issue open date
22 Jul 2026
Issue close date
24 Jul 2026
UPI mandate deadline
24 Jul 2026 (5 PM)
Allotment finalization
29 Jul 2026
Share credit
30 Jul 2026
Listing date
31 Jul 2026
Mandate end date
8 Aug 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 5000 Cr |
| Fresh Issue | 0 Cr |
| Offer for Sale | 5000 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 29 Jul 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 29 Jul 2026 | ₹152 | ₹2 | ₹154 (1.15%) |
| 28 Jul 2026 | ₹152 | ₹2 | ₹154 (1.15%) |
| 27 Jul 2026 | ₹152 | ₹2 | ₹154 (1.15%) |
| 26 Jul 2026 | ₹152 | ₹2 | ₹154 (1.15%) |
| 25 Jul 2026 | ₹152 | ₹2 | ₹154 (1.15%) |
| 23 Jul 2026 | ₹152 | ₹0 | ₹152 (0%) |
| 21 Jul 2026 | ₹152 | ₹0 | ₹152 (0%) |
| 20 Jul 2026 | ₹152 | ₹0 | ₹152 (0%) |
| 19 Jul 2026 | ₹152 | ₹0 | ₹152 (0%) |
| 18 Jul 2026 | ₹152 | ₹0 | ₹152 (0%) |
| 17 Jul 2026 | ₹152 | ₹0 | ₹152 (0%) |
| 16 Jul 2026 | ₹152 | ₹0 | ₹152 (0%) |
| 15 Jul 2026 | ₹152 | ₹0 | ₹152 (0%) |
| 14 Jul 2026 | ₹152 | ₹0 | ₹152 (0%) |
Performance Cube Highways Trust
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.151 - Rs.152 | .... | .... | .... |
About Cube Highways Trust
Note: As per regulations, application cancellation is not allowed for any category. Cube Highways Trust is an infrastructure investment trust (InvIT) that acquires, owns, and operates road and other infrastructure assets in India. Sponsored by Cube Highways and Infrastructure V Pte. Ltd., the trust is registered with SEBI under the InvIT Regulations and has been listed on the stock exchanges since April 2023. As of March 31, 2026, it operated a portfolio of 27 road assets across 12 states and one Union Territory, covering 8,754 lane kilometres and 2,005 kilometres in distance. The portfolio includes assets operating under both toll and annuity concession models. Following the completion of the concession period for one project in June 2026, the trust currently operates 26 road assets. The trust acquires and manages operational highway projects through its portfolio companies and continues to expand its portfolio through acquisitions of road infrastructure assets in different parts of India. Use of proceeds: The IPO is an offer-for-sale (OFS). The company will not receive any proceeds from the offer. Net proceeds from the offer will go to the promoter selling shareholders in proportion to the number of shares offered by them for sale. The primary objective of the offer is to achieve the benefits of listing the equity shares on the stock exchanges, which is expected to enhance the company’s visibility and brand recognition. Listing will also provide liquidity to the existing shareholders and create a public market for the company’s shares in India.
| Founded in | 2021 |
| Managing director | Mr Vinay Sekar |
| Parent organization |
Financial Overview
Strengths
- Operates a diversified portfolio of highway assets across multiple states and concession models.
- Uses proprietary digital tools for real-time asset monitoring and performance benchmarking.
- Operational efficiency initiatives have helped keep operation and maintenance costs stable.
- Follows a diversified procurement strategy with multiple suppliers to improve cost efficiency and reduce supply risks.
- Long-term procurement arrangements and bulk purchasing help manage maintenance costs and improve supply security.
Risks
- Competing expressways may divert traffic and reduce toll revenue on some road assets.
- Failure to keep pace with new technologies could reduce competitiveness and project opportunities.
- Extreme weather events such as floods and cyclones can damage roads and disrupt traffic.
- Climate-related uncertainties may increase maintenance costs and affect long-term traffic and revenue assumptions.
- Disruptions in the supply of key materials can delay maintenance and infrastructure activities.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 13.2 |
| Non-Institutional Investors (NIIs) | 4.74 |
| Retail Individual Investors (RIIs) | N/A |
| Employee | N/A |
| Total | 9.35 |