Cube Highways Trust InvIT IPO: dates, price band, lot size and GMP
Cube Highways Trust InvIT IPO listed on 31 Jul at ₹155 (NSE, BSE). Issue dates 22 – 24 Jul 2026, price band ₹152, lot 95 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: Cube Highways Trust InvIT listed on 31 Jul 2026 on NSE, BSE at ₹155, +₹3 (+2.0%) against the ₹152 upper band. Cube Highways Trust InvIT IPO listing date, price and gain · Recently listed IPOs
Updated 17 Oct 2026, 22:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 208 IPOs on its calendar; the Cube Highways Trust InvIT IPO has a price band of ₹152, a lot of 95 shares and no grey-market premium reported yet as of 17 Oct 2026.
Key details
| Board | Mainboard |
|---|---|
| Issue dates | 22 – 24 Jul 2026 |
| Price band | ₹152 |
| Lot size | 95 shares |
| Issue size | ₹5,000.00 Cr |
| Offer for sale | ₹5,000 Cr |
| Subscription | 9.35x |
| Registrar | Kfin Technologies Ltd. |
| Lead managers | Kotak Mahindra Capital Co.Ltd., HDFC Bank Ltd., HSBC Securities & Capital Markets (India) Pvt.Ltd., JM Financial Ltd. |
| Status | Listed |
Timeline
- Issue opens: 22 Jul
- Issue closes: 24 Jul
- Allotment: 29 Jul
- Refunds: 30 Jul
- Demat credit: 30 Jul
- Listing: 31 Jul
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 13.2x |
| NII | 4.74x |
| Total | 9.35x |
Last updated 24 Jul 2026, 5:01 PM IST.
Issue details
| Issue type | Book Build Issue |
|---|---|
| Listing at | NSE, BSE |
| Offer for sale (shares) | 32,89,47,365 |
| Total shares offered | 32,89,47,365 |
| Lead managers | Kotak Mahindra Capital Co.Ltd., HDFC Bank Ltd., HSBC Securities & Capital Markets (India) Pvt.Ltd., JM Financial Ltd. |
| Registrar phone | 040-79615565 |
| Registrar email | cube.invit@kfintech.com |
| Company website | cubehighwaystrust.com |
| Anchor bid date | 21 Jul 2026 |
| Anchor lock-in ends (50%) | 28 Aug 2026 |
| Anchor lock-in ends (remaining) | 27 Oct 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 95 | ₹14,440 |
| Retail (maximum) | 14 | 1,330 | ₹2,02,160 |
| sNII (minimum) | 14 | 1,330 | ₹2,02,160 |
| bNII (minimum) | 70 | 6,650 | ₹10,10,800 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 33.7% | 11,10,19,565 | |
| QIB | 22.5% | 7,40,13,328 | Not more than 75% of the Offer |
| NII (HNI) | 18.8% | 6,16,77,632 | Not less than 25% of the Offer |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 24 Jul | 13.20x | 4.74x | — | — | — | 9.35x |
Key ratios as of 31 Mar 2026
| EBITDA margin | 74.2% |
|---|
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY26 vs FY25 |
|---|---|---|---|
| Assets | 30,763.19 | 28,624.25 | +7.5% |
| Total Income | 2,922.09 | 2,106.32 | +38.7% |
| Profit After Tax | 1,422.89 | 999.57 | +42.4% |
| Total Borrowing | 491.65 | 439.96 | +11.7% |
About Cube Highways Trust InvIT
Cube Highways Trust is an infrastructure investment trust (InvIT) established under the Securities and Exchange Board of India (SEBI) InvIT Regulations. Formed in December 2021, the Trust was created to own, operate, and invest in infrastructure assets across India through a network of special purpose vehicles (SPVs) and holding entities. The Trust manages a broad portfolio of transportation infrastructure assets located across the country. As of the Draft Offer Document, its portfolio consists of 27 operational road projects, with plans to include four additional operational assets.
These projects are held through SPVs responsible for the development, operation, maintenance, and management of highways, expressways, toll roads, and other road infrastructure. Cube Highways Fund Advisors Private Limited serves as the Investment Manager, while Cube Highways and Transportation Assets Advisors Private Limited performs the role of Project Manager. The Trust aims to deliver consistent cash distributions and long-term capital appreciation for its unitholders by investing in eligible infrastructure projects in compliance with the SEBI InvIT framework.
The portfolio spans several Indian states and includes assets operating under concession agreements awarded by different government authorities. The Trust's strategy emphasizes acquiring and managing operational road infrastructure projects that provide reliable cash flows and opportunities for sustainable growth.
Peer comparison
| Company | NAV (₹ per share) | Financial statements |
|---|---|---|
| Cube Highways Trust (issuer) | 142.7 | — |
| IRB Infrastructure Trust | 319.73 | — |
| National Highways Infra Trust | 150.5 | — |
| Vertis Infrastructure Trust | 106.8 | — |
| Interise Trust | 117.5 | — |
| Shrem InvIT | 88.12 | — |
| Oriental InfraTrust | 111.24 | — |
(1) NAV as of March 31, 2026. (2) Premium / (Discount) to NAV % has been calculated as Unit Price, divided by Net Asset Value per Unit minus one, based on the latest available price on the stock exchanges of the peers as on July 2, 2026.
Offer documents: DRHP (PDF) · RHP (PDF)
Frequently asked questions
When does the Cube Highways Trust InvIT IPO open and close?
The issue is scheduled for 22 – 24 Jul 2026.
What is the Cube Highways Trust InvIT IPO price band?
The price band is ₹152 per share with a lot size of 95 shares.
How big is the Cube Highways Trust InvIT IPO?
The total issue size is ₹5,000.00 Cr.
When will Cube Highways Trust InvIT list?
The tentative listing date is 31 Jul on the main board.
How do I apply for the Cube Highways Trust InvIT IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Cube Highways Trust InvIT · as filed with SEBI · sebi.gov.in
- Red herring prospectus (RHP), Cube Highways Trust InvIT · as filed · nsearchives.nseindia.com
- Registrar allotment page, Kfin Technologies Ltd. · allotment 29 Jul · ipostatus.kfintech.com
- NSE public issues page · listing 31 Jul · nseindia.com
- BSE public issues page · listing 31 Jul · bseindia.com
- Cube Highways Trust InvIT company website · cubehighwaystrust.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 12 Aug, 00:25 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Cube Highways Trust InvIT IPO”, https://buyunlistedshares.com/ipo/cube-highways-trust-invit-ipo, as of 17 Oct 2026.
Other IPOs on the calendar
- Zetwerk IPO · 15 – 19 Oct 2026
- Bonfiglioli Transmissions IPO · 15 – 19 Oct 2026
- Tonbo Imaging India IPO · 15 – 19 Oct 2026
- Shellz India IPO · 15 – 19 Oct 2026
- Sahajanand Medical Technologies IPO · 15 – 19 Oct 2026
- Jio Platforms IPO · 21 – 23 Oct 2026
- Jio Platforms IPO · 21 – 23 Oct 2026
- Paras Healthcare IPO · 21 – 23 Oct 2026
Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 17 Oct 2026.
Guides for IPO applicants and pre-IPO holders
- The risks of buying unlisted and pre-IPO shares in India
- Unlisted Shares Lock-In Period: What Every Investor Must Know (2026)
- What Happens to Your Unlisted Shares After the IPO? Lock-In Periods Explained
All unlisted shares · IPO calendar · Research & learning · Send an enquiry · Calculators · Jobs · About · Contact · Privacy · Terms · Disclaimer · Grievance redressal
Guides: Start investing · Evaluate a company · How prices are set · Risks · Lock-in periods · After the IPO · Sell ESOPs · NRI investors · Buybacks · Choosing a platform
BuyUnlistedShares (BUS) · Gayatri Financial Synergy LLP (LLPIN ACU-4678) · SCO-39, 1st Floor, HUDA Market, Sector-7, Faridabad, Haryana 121006 · +91 916-916-59-59
