Cube Highways Trust InvIT IPO Review 2026: Listing Dates, Allotment, GMP & Overview
Cube Highways Trust InvIT is a ₹5,000 crore book-built Infrastructure Investment Trust (InvIT) issue comprising a complete Offer for Sale (OFS) of 32.89 crore units. The issue opens on 22 July 2026 and closes on 24 July 2026 with a price band of ₹151 to ₹152 per unit. The InvIT owns and operates a diversified portfolio of 27 highway assets spread across 12 states and one union territory in India and is proposed to list on both NSE and BSE on 29 July 2026.
About Cube Highways Trust
Cube Highways Trust is an Infrastructure Investment Trust sponsored by Cube Highways and Infrastructure V Pte. Ltd. and was established in 2022 to acquire, own, operate and manage highway and transportation infrastructure assets across India.
As of March 31, 2026, the InvIT portfolio comprised 27 operational highway assets covering approximately 8,754 lane kilometers spread across 12 states and one union territory, making it one of India's largest highway-focused InvIT platforms.
The trust operates a diversified portfolio of toll and annuity-based projects, helping generate relatively stable and predictable cash flows under long-term concession agreements.
The InvIT follows a strategy focused on acquiring mature, cash-generating infrastructure assets while improving operational efficiencies through disciplined asset management and maintenance practices.
Refer to RHP for detailed information.
Cube Highways Trust InvIT Details
| InvIT Opening Date | July 22, 2026 |
| InvIT Closing Date | July 24, 2026 |
| Allotment Date | July 27, 2026 (Tentative) |
| Listing Date | July 29, 2026 (Tentative) |
| Issue Type | Book Built Infrastructure Investment Trust (InvIT) |
| Issue Size | ₹5,000 Crore |
| Issue Structure | Offer for Sale (OFS) Only |
| Total Units Offered | 32,89,47,368 Units |
| Price Band | ₹151 to ₹152 per unit |
| Listing Exchange | NSE and BSE |
| Lead Manager | Kotak Mahindra Capital Co. Ltd. |
| Registrar | Kfin Technologies Ltd. |
| Pre-Issue Outstanding Units | 1,34,40,69,762 Units |
| Post-Issue Outstanding Units | 1,34,40,69,762 Units |
Portfolio Highlights
- 27 operational highway assets across India.
- 8,754 lane kilometers under management.
- Presence across 12 states and one union territory.
- Balanced mix of toll and annuity-based assets.
- Strong acquisition pipeline through ROFO and committed assets.
- Supported by institutional infrastructure investors and sponsors.
Key Strengths
- One of India's leading highway-focused Infrastructure Investment Trusts.
- Diversified portfolio reducing single asset dependency risk.
- Balanced mix of toll and annuity projects providing cash flow visibility.
- Strong institutional sponsorship and capital support.
- Established expertise in acquisitions and infrastructure asset management.
- Potential growth through acquisition pipeline and ROFO assets.
- Experienced management team with strong execution capabilities.
IPO Allotment & Application Status
Registrar: Kfin Technologies Ltd.
- NSE Bid Status: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
- BSE Bid Status: https://www.bseindia.com/investors/appli_check.aspx
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Frequently Asked Questions - FAQs
What is Cube Highways Trust InvIT?
Cube Highways Trust is an Infrastructure Investment Trust that owns and operates highway assets across India and generates income through toll collections and annuity payments.
When will Cube Highways Trust InvIT open for subscription?
The InvIT opens for subscription on July 22, 2026 and closes on July 24, 2026.
What is the price band of Cube Highways Trust InvIT?
The price band for Cube Highways Trust InvIT is fixed at ₹151 to ₹152 per unit.
What is the issue size of Cube Highways Trust InvIT?
The total issue size is ₹5,000 crore and consists entirely of an Offer for Sale.
How many highway assets does Cube Highways Trust own?
As of March 31, 2026, the InvIT portfolio consisted of 27 highway assets covering 8,754 lane kilometers.
Where will Cube Highways Trust InvIT be listed?
The InvIT units are proposed to be listed on both NSE and BSE.
How does Cube Highways Trust generate revenue?
The trust generates revenue primarily through toll collections and annuity income from operational highway projects under long-term concession agreements.
What are the key advantages of investing in an InvIT?
InvITs provide exposure to infrastructure assets, periodic cash distribution potential, portfolio diversification and access to long-term infrastructure cash flows.
Who manages Cube Highways Trust?
The trust is managed by Cube Highways Fund Advisors Private Limited, which oversees investments, operations and strategic growth initiatives.
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