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Cube Highways Trust InvIT IPO
Price Band
₹151.0–152.0
Issue Size
₹5000.0 Cr
Lot Size
95 shares
Min Investment
₹14,440
GMP
+₹1.75 (1.15%)
Issue Price
₹152.0
Subject to Sauda
₹100
Paid only if allotted
Cube Highways Trust InvIT IPO AI Summary
- Cube Highways Trust InvIT IPO is listed on BSE, NSE in the Road Assets–Toll, Annuity, Hybrid-Annuity sector.
- Price band: ₹151.0–₹152.0 per share, lot size 95 shares (min. investment ₹14,440).
- Subscription window: 22 Jul–24 Jul 2026, listing on 31 Jul 2026.
- Current GMP is +₹1.75 (1.15%), an estimated listing price of ₹154 — unofficial and can change daily.
Cube Highways Trust InvIT focuses on road infrastructure investments in India, with a diversified portfolio and a strategy aimed at generating stable cash flows. The IPO has seen strong subscription levels, reflecting investor interest.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
9.35x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
13.20x
|
13x ✓ |
| NII (HNI) |
4.74x
|
4.74x |
| Total | 9.35x | 9.35x |
Auto-updated every 5 min · As of 24th Jul 2026 17:02
Cube Highways Trust InvIT IPO Grey Market Premium (GMP) Today
GMP
+₹1.75
GMP %
+1.15%
Est. Listing
₹153.75
Updated: 12 Aug 2026 10:45
GMP Trend (Last 17 Days)
About the Company
Cube Highways Trust is an infrastructure investment trust (InvIT) registered with the Securities and Exchange Board of India (SEBI) under the InvIT Regulations. The Trust was established in December 2021 to acquire, manage, and invest in infrastructure assets and infrastructure-related investments in India through special purpose vehicles (SPVs) and holding companies. The Trust's portfolio comprises a diversified collection of road infrastructure assets across India. As of the date of the Draft Offer Document, the portfolio includes 27 operational road assets and is proposed to be expanded with four additional road infrastructure assets. These assets are held through project SPVs engaged in the development, operation, and maintenance of highways, expressways, toll roads, and transportation infrastructure. Cube Highways Fund Advisors Private Limited acts as the Investment Manager of the Trust, while Cube Highways and Transportation Assets Advisors Private Limited serves as the Project Manager. The Trust's investment objective is to generate stable cash flows and long-term value for unitholders through investments in eligible infrastructure projects in accordance with the SEBI InvIT Regulations. The Trust's portfolio assets are spread across multiple states in India and operate under concession agreements granted by various governmental authorities. The Trust focuses on acquiring and managing operational transportation infrastructure assets with predictable revenue streams and growth potential.
Company Financials (₹ Cr)
| Period Ended | 31 Mar 2026 | 31 Mar 2025 |
|---|---|---|
| Assets | 30,763.19 | 28,624.25 |
| Total Income | 2,922.09 | 2,106.32 |
| Profit After Tax | 1,422.89 | 999.57 |
| Total Borrowing | 491.65 | 439.96 |
Peer Comparison
| Company | NAV |
|---|---|
| Oriental InfraTrust | 111.24 |
| Shrem InvIT | 88.12 |
| Interise Trust | 117.5 |
| Vertis Infrastructure Trust | 106.8 |
| National Highways Infra Trust | 150.5 |
| IRB Infrastructure Trust | 319.73 |
| Cube Highways Trust This IPO | 142.7 |
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹2,106.32 Cr in the year ending 31 Mar 2025, rising to ₹2,922.09 Cr by 31 Mar 2026. This indicates a positive growth trend in revenue over the period.
Profit Trend
Profit after tax was ₹999.57 Cr in the year ending 31 Mar 2025, increasing to ₹1,422.89 Cr by 31 Mar 2026. This shows a significant rise in profitability during this timeframe.
Valuation
The implied NAV for Cube Highways Trust at the issue price is ₹142.7, compared to peers with NAVs ranging from ₹88.12 to ₹319.73.
Grey Market Premium, Explained
The grey market premium (GMP) reflects the estimated price at which the IPO is expected to list on the stock exchange, based on unofficial trading. A positive GMP indicates demand for the shares in the grey market.
Subscription Demand
As of 24th July 2026, the IPO was subscribed 9.35 times overall, with the Qualified Institutional Buyers (QIB) segment subscribed 13.2 times and the Non-Institutional Investors (NII) segment subscribed 4.74 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance.
Who May Want to Wait
Investors with a low-risk appetite or those seeking immediate returns may want to consider avoiding IPOs like this that involve infrastructure assets.
IPO Timeline, Explained
The IPO opens on 22nd July 2026 and closes on 24th July 2026, with allotment expected on 29th July 2026 and listing on 31st July 2026.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by market conditions, investor sentiment, and overall demand for the shares. It is important to approach such gains with caution.
This evaluation is generated from Cube Highways Trust InvIT's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Cube Highways Trust InvIT IPO GMP today?
Cube Highways Trust InvIT IPO GMP today is +₹1.75 (1.15%), indicating an estimated listing price of ₹154. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Cube Highways Trust InvIT IPO?
The price band of Cube Highways Trust InvIT IPO is ₹151.0–₹152.0 per share.
When does Cube Highways Trust InvIT IPO open and close?
Cube Highways Trust InvIT IPO opens on 22 July 2026 and closes on 24 July 2026.
When does Cube Highways Trust InvIT IPO list on the stock exchange?
Cube Highways Trust InvIT IPO listed on 31 July 2026 at ₹153.75.
What is the lot size for Cube Highways Trust InvIT IPO?
The lot size for Cube Highways Trust InvIT IPO is 95 shares, requiring a minimum investment of ₹14,440.
What is the price band for the IPO?
The price band for the IPO is ₹151.0 to ₹152.0.
What is the minimum investment required?
The minimum investment required is ₹14,440.
What is the lot size for the IPO?
The lot size for the IPO is 95 shares.
When does the IPO open and close?
The IPO opens on 22nd July 2026 and closes on 24th July 2026.
What does GMP mean?
GMP stands for grey market premium, which indicates the expected listing price of the shares based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
22 Jul 2026
Close
24 Jul 2026
Allotment
29 Jul 2026
Listing
31 Jul 2026
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