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
Price Band ₹151–152
Lot Size 95 shares
Issue Size ₹5,000 Cr
Listed At ₹155.00 +2%
Subscribed 4.94×
Listed On BSE & NSE
Listing Price
₹155.00 (+1.97%)
vs issue price
Current Price (BSE)
₹154.46 (+1.62%)
as of 13 Oct, 3:26 pm IST

Market Sentiment

Grey Market Premium What is GMP?
+₹1.75
+1.2% ▲ ₹0.5 since last update
Est. listing ₹153.75
Issue price ₹152
GMP range ₹0 – ₹1.75
16 Jul · ₹1 24 Jul · ₹1.75
Updated 24 Jul, 9:01 pm IST Unofficial grey-market data
GMP estimate ₹153.75
Actual listing ₹155
Listed above the GMP estimate by ₹1.25 (+0.8%)
Subscription Status
QIB
5.90x
Others
3.78x
Total
4.94x
Updated: Jul 24, 2026 3:56 pm IST
Total demand ₹10,248.28 Cr
Analysis Score 48 / 100
Mixed Signals
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

Price Band₹151–152 per equity share
Lot Size 95 shares (Min ₹14,440)
Total Issue Size ₹5,000.00 crore
Issue TypeBook build Issue
Lead Manager Kotak Mahindra Capital Company Limited , HDFC Bank Limited , HSBC Securities and Capital Markets (India) Private Limited , JM Financial Limited
Registrar KFin Technologies Limited
PromotersTo be updated soon
Listing atBSE & NSE
NSE SymbolCUBEINVIT
Listing Price₹155.00
Listing Gain+1.97%

Market Lot Size

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

IPO Reservation

Category Shares Offered Shares %
QIB7,45,03,37030.09%
NII (HNI)6,20,86,11025.07%
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)
₹1.61
EBITDA Margin
74.20%
NAV/Share
₹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

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 data checks haven't flagged a specific concern for Cube Highways Trust InvIT — but that 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.

Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. 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.

Company Contact Information

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

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

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 stock listed with a 1.97% gain versus its issue price on July 31, 2026.

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.

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

On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. 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.

The lot size of Cube Highways Trust InvIT IPO is 95 shares. The minimum application is 1 lot (95 shares), requiring an investment of Rs 14,440. Maximum retail application is 13 lots (1,235 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 last GMP (Grey Market Premium) recorded for Cube Highways Trust InvIT IPO before listing was +Rs 1.75 (+1.2% over issue price). The shares actually listed at Rs 155 (+1.97% versus the issue price). GMP only estimates the listing price and stops mattering once the shares trade.

Cube Highways Trust InvIT IPO was subscribed 4.94 times overall by the close of bidding — QIB at 5.90x, NII at 3.78x.

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

GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 1.2%. Of the 32 Mainboard IPOs we have tracked with a final GMP under 10%, 19 listed above, 6 flat and 7 below the issue price; Cube Highways Trust InvIT listed 2% above its issue price.

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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