Bookbuilding InvIT | ₹5,000 Cr | Listing at BSE, NSE | Wed, Jul 22, 2026 - Fri, Jul 24, 2026
Cube Highways Trust InvIT is a book build issue of ₹5,000.00 crores. The issue is entirely an offer for sale of 32.89 crore shares of ₹5,000.00 crore.
Cube Highways Trust InvIT opens for subscription on Jul 22, 2026 and closes on Jul 24, 2026. The allotment for the Cube Highways Trust InvIT is expected to be finalized on Jul 29, 2026. Cube Highways Trust InvIT will list on NSE and BSE with a tentative listing date fixed as Aug 3, 2026.
Cube Highways Trust InvIT is set offered price band at ₹151 to ₹152 per share. The lot size for an application is 95 shares. The minimum amount of investment required by an retail is ₹0 (95 shares) (based on upper price). The lot size investment for sNII is NaN lots (0.00 shares), amounting to ₹0.00, and for bNII, it is NaN lots (0.00 shares), amounting to ₹0.00.
Kotak Mahindra Capital Co.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Cube Highways Trust InvIT RHP for detailed Information.
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 Date | 22 to 24 Jul, 2026 |
| Listing Date | Mon, Aug 3, 2026T |
| Price Band | ₹151.00 to ₹152.00 |
| Lot Size | 95 Shares |
| 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 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 75% of the Offer |
| NII Shares Offered | Not less than 25% of the Offer |
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
Cube Highways Trust's revenue increased by 39% and profit after tax (PAT) rose by 42% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 |
|---|---|---|
| Assets | 30,763.19 | 28,624.25 |
| Total Income | 2,922.09 | 2,106.32 |
| Profit After Tax | 1,422.89 | 999.57 |
| Total Borrowing | 491.65 | 439.96 |
| Amount in ₹ Crore | ||
| 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% | ₹110.03 (-0.20%) |
| Raajmarg Infra Investment Trust | Mainboard | ₹6,000.00 Cr | ₹100 | null | ₹100.00 | +0.00% | ₹116.59 (-0.18%) |
| Innovision Ltd. | Mainboard | ₹319.25 Cr | ₹519 | 33.8 | ₹374.20 | -27.90% | ₹287.30 (-0.56%) |
| Highway Infrastructure Ltd. | Mainboard | ₹130.00 Cr | ₹70 | 18.06 | ₹120.75 | +72.50% | ₹43.73 (-0.37%) |
Lead Manager Reports
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 95.
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.
Zerodha customers can apply online in Cube Highways Trust InvIT using UPI as a payment gateway. Zerodha customers can apply in Cube Highways Trust InvIT by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Cube Highways Trust InvIT through Zerodha
Visit Zerodha 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 is 95, and the minimum amount required for application is .
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 Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Cube Highways Trust InvIT will be done on Wednesday, July 29, 2026, and the allotted shares will be credited to your demat account by Thu, Jul 30, 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 Mon, Aug 3, 2026.
