Cube Highways – IPO

The IPO of Cube Highways Infrastructure Investment Trust (Cube InvIT) is expected to be structured as a book-built issue comprising a fresh issue of units and/or an offer for sale by existing unitholders. The proceeds from the fresh issue are expected to be utilized for debt repayment, acquisitions, and general corporate purposes, subject to the final offer document.

The Cube Highways IPO subscription dates, allotment schedule, and listing timeline will be announced after the company files its Red Herring Prospectus (RHP) and receives the necessary regulatory approvals. The units are expected to be listed on the BSE and NSE following the completion of the IPO process.

The price band, minimum lot size, and investment amount for retail and institutional investors will be disclosed closer to the IPO opening date. Investors are advised to refer to the Cube Highways IPO RHP for detailed information on the issue structure, financials, risk factors, and other key details.

Cube Highways – IPO Details

IPO Date July 22, 2026 to July 24, 2026
Listing Date July 29, 2026
Face Value ₹ -- / Share
Price Band ₹ 151. to ₹ 152. / Share
Lot Size Shares
Total Issue Size 328947368
(Aggregating up to 5000)
Fresh Issue
Offer for Sale
Employee Discount
Issue Type Bookbuilding InvIT
Listing At BSE NSE
Share holding pre issue 1344069762
Share holding post issue 1344069762
Market Maker portion

Cube Highways Timeline (Tentative Schedule)

Cube Highways IPO opens on July 22, 2026, and closes on July 24, 2026.

IPO Open Date July 22, 2026
IPO Close Date July 24, 2026
Basis of Allotment July 27, 2026
Initiation of Refunds July 28, 2026
Credit of Shares to Demat July 28, 2026
Listing Date July 29, 2026
Cut-off time for UPI mandate confirmation --

Cube Highways IPO Lot Size

Application Lots Shares Amount
Retail (Min)
Retail (Max)
S-HNI (Min)
S-HNI (Max)
B-HNI (Min)
HNI (Min)

Cube Highways IPO Promoter Holding

Share Holding Pre Issue 1344069762
Share Holding Post Issue 1344069762

Cube Highways IPO Reservation

Cube Highways Trust InvIT comprises a total issue size of 8,22,36,840 shares. Out of which, .

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered
Market Maker Shares Offered
Other Shares Offered
QIB Shares Offered
NII (HNI) Shares Offered
bNII > ₹10L
sNII < ₹10L
Retail Shares Offered
Employee Shares Offered
Total Shares Offered 82236840

Cube Highways IPO Anchor Investors Details

Bid Date
Shares Offered
Anchor Portion Size (In Cr.)
Anchor lock-in period end date for 50% shares (30 Days)
Anchor lock-in period end date for remaining shares (90 Days)

About Cube Highways

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

  • One of India's leading highway Infrastructure Investment Trusts with a diversified road asset portfolio.
  • Strong institutional sponsorship with access to committed assets and future acquisition opportunities.
  • Proven expertise in highway acquisitions, asset management, and operational optimization.
  • Balanced mix of toll and annuity assets providing stable and predictable cash flows.

Key Performance Indicator

KPI Values
ROE
ROCE
Debt/Equity
RoNW
P/BV
PAT Margin (%)
  Pre IPO Post IPO
EPS (Rs)
P/E (x)

Objects of the Issue (Cube Highways IPO Objectives)

Cube Highways Contact Details

Cube Highways Trust Address

B-376,

Upper Ground Floor,

Nirman Vihar

New Delhi, New Delhi, 110092

Cube Highways IPO Registrar

Frequently Asked Questions


What is Cube Highways IPO?
The Cube Highways IPO is classified as an Mainline IPO. The issue price is set between ₹151. and ₹152. per equity share. A minimum of shares is required per order. The IPO will be open from July 22, 2026, to July 24, 2026. The shares are proposed to be listed on BSE NSE.

When does the Cube Highways IPO open and close?
The Cube Highways IPO will be opened on July 22, 2026, and closed on July 24, 2026.

What is the issue size of the Cube Highways IPO?
The size of the Cube Highways IPO is 5000in total. A fresh issue of shares, aggregating up to , is included.

What is the price band of the Cube Highways Limited IPO?
The price band for the IPO has been set between ₹151. - ₹152. per equity share.

What is the allotment date of the Cube Highways IPO?
The share allotment date for the Cube Highways IPO is set for July 27, 2026.

What is the Cube Highways listing date?
The Cube Highways IPO is scheduled to be listed on July 29, 2026.

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