The Cube Highways Trust InvIT IPO has opened for subscription today, July 22, 2026.
The company aims to raise ₹5,000 crore through the public issue, which will remain open for investors until July 24, 2026.
This IPO is entirely an Offer for Sale (OFS), meaning no new units are being issued.
Existing investors are selling their holdings through the public issue.
If you’re planning to invest, here’s everything you need to know.
Cube Highways Trust IPO: Price Band and Investment Details
The company has fixed the IPO price band at ₹151 to ₹152 per unit.
Retail investors will have to apply for a minimum of 95 units, which means the minimum investment at the upper price band comes to ₹14,440.
Here are the important details:
IPO Size: ₹5,000 crore
Issue Type: Offer for Sale (OFS)
Units Offered: 32.89 crore
Price Band: ₹151–₹152 per unit
Lot Size: 95 units
Minimum Investment: ₹14,440
IPO Opens: July 22, 2026
IPO Closes: July 24, 2026
Allotment and Listing Dates
Investors won’t have to wait long after the issue closes.
According to the schedule:
Basis of Allotment: July 29, 2026
Expected Listing Date: August 3, 2026
Stock Exchanges: NSE and BSE
Who Can Apply?
The IPO has mainly been reserved for institutional and non-institutional investors.
Qualified Institutional Buyers (QIBs): Up to 75% of the issue.
Non-Institutional Investors (NIIs): At least 25% of the issue.
About Cube Highways Trust
Cube Highways Trust is an Infrastructure Investment Trust (InvIT) that was established in March 2022.
The trust acquires, owns, operates, and manages road infrastructure projects across India.
Its portfolio mainly includes toll roads and annuity road projects, which generate regular cash flows.
As of March 31, 2026, the trust had:
27 road assets
8,754 lane kilometres
Operations across 12 states and 1 Union Territory
The trust is managed by Cube Highways Fund Advisors Private Limited, which oversees investments, portfolio management, and future expansion.
Lead Managers and Registrar
According to the company’s Red Herring Prospectus (RHP), the book-running lead managers for the IPO are:
Kotak Mahindra Capital Co. Ltd.
HDFC Bank Ltd.
HSBC Securities and Capital Markets (India) Pvt. Ltd.
JM Financial Ltd.
The IPO registrar is KFin Technologies Ltd.
Should Investors Keep an Eye on This IPO?
Cube Highways Trust is one of the major infrastructure InvITs in India, with a diversified portfolio of road assets that generate regular revenue.
Investors interested in infrastructure-based investment opportunities may closely track the IPO, keeping factors such as valuation, risk, and long-term returns in mind before making an investment decision.
