The Cube Highways Trust InvIT IPO has opened for subscription today, July 22, 2026.
Investors can apply for the public issue until July 24, 2026.
The company plans to raise ₹5,000 crore through the IPO.
The issue is entirely an Offer for Sale (OFS), which means no new units are being issued by the company.
If you’re planning to invest, here’s everything you need to know.
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Cube Highways Trust IPO: Important Dates
The IPO will remain open for bidding for three days.
Here are the key dates:
IPO Opens: July 22, 2026
IPO Closes: July 24, 2026
Expected Allotment: July 29, 2026
Tentative Listing Date: August 3, 2026
Listing Exchanges: NSE and BSE
Price Band and Minimum Investment
The company has fixed the price band at ₹151 to ₹152 per unit.
Investors must apply for a minimum of 95 units, which is one lot.
At the upper price band of ₹152 per unit, the minimum investment for retail investors is ₹14,440.
IPO Size and Investor Reservation
The IPO has a total issue size of ₹5,000 crore through the sale of 32.89 crore units.
The reservation has been divided as follows:
Qualified Institutional Buyers (QIBs): Up to 75% of the issue.
Non-Institutional Investors (NIIs): At least 25% of the issue.
Who Is Managing the IPO?
According to the company’s Red Herring Prospectus (RHP), the book-running lead managers for the issue 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.
About Cube Highways Trust
Cube Highways Trust is an Infrastructure Investment Trust (InvIT) that was incorporated in March 2022.
The trust acquires, owns, operates, and manages road and highway infrastructure projects across India.
Its portfolio mainly includes toll roads and annuity-based road projects that generate regular cash flows.
As of March 31, 2026, the trust owned 27 road assets spread across 12 states and one Union Territory, covering around 8,754 lane kilometres.
The trust is managed by Cube Highways Fund Advisors Private Limited, which oversees investments, portfolio management, and future expansion through new infrastructure acquisitions.
Cube Highways Trust IPO at a Glance
| Particular | 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 Open Date | July 22, 2026 |
| IPO Close Date | July 24, 2026 |
| Expected Allotment | July 29, 2026 |
| Tentative Listing | August 3, 2026 |
| Stock Exchanges | NSE and BSE |
Investors planning to apply should carefully review the company’s financials, business model, and risk factors before making an investment decision.