Cube Highways Trust InvIT IPO

Listed Mainboard
Min Investment
₹14,440
95 Shares
Min Investment
₹14,440 · 95 Shares
Open Jul 22
Close Jul 24
Allotment Jul 29
Refund Jul 30
Listing Jul 31

Market Sentiment

+Rs 1.75
+1.2%
Est. Listing: Rs 153.75
Updated: Jul 24, 2026 9:01 pm
Subscription Status
QIB
5.90x
Others
3.78x
Total
4.94x
Updated: Jul 24, 2026 3:56 pm IST
Analysis Score 48 / 100
Neutral
Data: 80%
GMP Score 45
Subscription Score 50
Financial Health 50
Score updates live as GMP/subscription change. For information only — not investment advice.

IPO Details

Issue Price₹151-152 per equity share
Lot Size 95 shares (Min ₹14,440)
Total Issue Size ₹5,000.00 crore
Issue TypeBook build Issue
Lead ManagerKotak Mahindra Capital Company Limited, HDFC Bank Limited, HSBC Securities and Capital Markets (India) Private Limited, JM Financial Limited
RegistrarKFin Technologies Limited
Listing atBoth
NSE SymbolCUBEINVIT

Market Lot Size

Category Lots Shares Amount (₹)
Retail Minimum 1 95 ₹14,440
Budget to Lots Calculator

IPO Reservation

Category Shares Offered Shares %
QIB7,45,03,37075.00%
NII (HNI)6,20,86,11025.00%
Anchor11,10,19,56544.84%
Total24,76,09,045

Day-wise Subscription (times subscribed)

Category Day 1 Day 2 Day 3
QIB 0.00x 0.00x 5.90x
Others 0.07x 0.56x 3.78x
Total 0.03x 0.26x 4.94x

Financial Analysis

Financial Data
EPS (Pre)
Rs 1.61
EBITDA Margin
74.20%
NAV/Share
Rs 145.77
Revenue Growth
26.23%
Profit Margin
4.97%
Financial Performance
Metric 2024 2025 2026
Revenue 3,074.11 3,453.15 4,359.03
Expense 3,760.95 3,503.47 4,034.34
Profit (PAT) 705.92 35.72 216.72
Total Assets 24,625.75 28,000.16 29,398.47
Values in Crores (₹)
Peer Comparison
Company EPS P/E NAV
IRB Infrastructure Trust - - 319.73
National Highways Infra Trust - - 150.50
Vertis Infrastructure Trust - - 106.80
Interise Trust - - 117.50
Shrem InvIT - - 88.12
Oriental InfraTrust - - 111.24
Promoters & Holding Pattern

Promoters: To be updated soon

Strengths & Risks

Strengths
  • Strongly subscribed — 4.9x overall (so far).
  • Strong institutional (QIB) demand — 5.9x.
  • Revenue grew 26% in the latest reported year.
Risks & Concerns

Our metrics didn't flag a major concern for Cube Highways Trust InvIT from the disclosed data — but this isn't a clean bill of health. Read the risk-factors section of the RHP, which lists company-specific risks our data can't capture.

Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.

Company Information

About Cube Highways Trust InvIT

Founded in March 2022, Cube Highways Trust is an Indian Infrastructure Investment Trust (InvIT) that acquires, owns, operates, and manages road and other infrastructure assets across India. Basically, the trust owns and manages different highway projects that earn revenue via toll collections and fixed payments from the government under long-term contracts. The trust is sponsored by Cube Highways and Infrastructure V Pte. Ltd buys already mature, cash-generating infrastructure assets and improves their performance by maintaining and managing them well and investing money carefully. The support of Cube Group offers them strong financial backing, and experience in securing infrastructure assets helps Trust expand its portfolio, creating long-term value for its investors.

Resources & Documents

Anchor Investors
Anchor Bidding Date
July 21, 2026
Shares Offered to Anchors
11,10,19,565
Lock-in End (30 Days, 50%)
August 26, 2026
Lock-in End (90 Days, 50%)
October 25, 2026
Company Contact Information

Cube Highways Trust InvIT, B-376, Upper Ground Floor,, Nirman Vihar,, New Delhi 110 092

Cube Highways Trust InvIT IPO — Quick Take

Cube Highways Trust InvIT has set a price band of Rs 151–Rs 152 per share for an issue size of Rs 5,000 crore. The IPO has listed on the exchanges.

Founded in March 2022, Cube Highways Trust is an Indian Infrastructure Investment Trust (InvIT) that acquires, owns, operates, and manages road and other infrastructure assets across India. Basically, the trust owns and manages different highway projects that earn revenue via toll collections and fixed payments from the government under long-term contracts.

The issue is promoted by To be updated soon with Kotak Mahindra Capital Company Limited, HDFC Bank Limited, HSBC Securities and Capital Markets (India) Private Limited, JM Financial Limited acting as lead manager.

Grey market is quoting a premium of +Rs 1.75 (+1.2% over issue price), up Rs 2 from the previous session. Final subscription data records overall subscription at 4.94x, QIB at 5.90x, NII at 3.78x.

On fundamentals, the company is posting revenue growth of 26.2%, a profit margin of 5.0% in its most recent reported period.

Our data-driven engine currently flags this issue as a Neutral stance — the data is mixed and the risk-reward is balanced rather than one-sided. Past performance does not predict future returns — review the price chart and peer comparison below before trading.

Frequently Asked Questions

The price band of Cube Highways Trust InvIT IPO is Rs 151 to Rs 152 per share.

The total issue size of Cube Highways Trust InvIT IPO is Rs 5,000 crore.

Retail investors must apply for a minimum of 1 lot of 95 shares, requiring an investment of Rs 14,440. Maximum retail application is 13 lots (1235 shares, approx Rs 1,87,720).

Cube Highways Trust InvIT IPO opens for subscription on July 22, 2026 and closes on July 24, 2026. Anchor investor bidding is scheduled for July 21, 2026.

The expected allotment date for Cube Highways Trust InvIT IPO is July 29, 2026. Refunds for unsuccessful applicants are expected on July 30, 2026.

Cube Highways Trust InvIT IPO is scheduled to list on July 31, 2026 on both BSE and NSE. NSE symbol: CUBEINVIT.

The current GMP (Grey Market Premium) of Cube Highways Trust InvIT IPO is +Rs 1.75 (+1.2% over issue price). GMP is an unofficial grey market indicator and may change through the subscription window. See the GMP chart on this page for the full trend.

Cube Highways Trust InvIT IPO is currently subscribed 4.94 times overall — QIB at 5.90x, NII at 3.78x. Live subscription data updates multiple times per day on open-issue days.

The registrar for Cube Highways Trust InvIT IPO is KFin Technologies Limited. After the allotment date, you can check your allotment status on the registrar's official website by entering your PAN, application number, or demat account details. Allotment status is also available on the BSE and NSE websites.

The book running lead manager(s) for Cube Highways Trust InvIT IPO are Kotak Mahindra Capital Company Limited, HDFC Bank Limited, HSBC Securities and Capital Markets (India) Private Limited, JM Financial Limited.

The promoter(s) of Cube Highways Trust InvIT are To be updated soon.

Cube Highways Trust InvIT IPO GMP — What It Means

The latest grey market premium for Cube Highways Trust InvIT IPO is ₹2 (+1.2%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Cube Highways Trust InvIT it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.

See the full Cube Highways Trust InvIT GMP history and trend, or learn how grey market premium works and how reliable it is.

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