Cube Highways Trust

Cube Highways Trust

CLOSED

IPO 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 IPOAmount
Overall5000 Cr
Fresh Issue0 Cr
Offer for Sale5000 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date29 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.

DateIpo PriceGMPEstimated Listing Price
29 Jul 20261522154 (1.15%)
28 Jul 20261522154 (1.15%)
27 Jul 20261522154 (1.15%)
26 Jul 20261522154 (1.15%)
25 Jul 20261522154 (1.15%)
23 Jul 20261520152 (0%)
21 Jul 20261520152 (0%)
20 Jul 20261520152 (0%)
19 Jul 20261520152 (0%)
18 Jul 20261520152 (0%)
17 Jul 20261520152 (0%)
16 Jul 20261520152 (0%)
15 Jul 20261520152 (0%)
14 Jul 20261520152 (0%)

Performance Cube Highways Trust

Issue PriceListing GainCurrent Market PriceP/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 in2021
Managing directorMr 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

CategorySubscription (No. of times)
Qualified Institutional Buyers (QIBs)13.2
Non-Institutional Investors (NIIs)4.74
Retail Individual Investors (RIIs)N/A
EmployeeN/A
Total9.35