Cube Highways Trust IPO
Price band
₹151 – ₹152
Lot size
95 shares
Min investment
₹14,440
Issue size
₹5000 Cr
IPO schedule
| Open date | 22 Jul 2026 |
| Close date | 24 Jul 2026 |
| UPI mandate cut-off | 24 Jul 2026 |
| Allotment finalisation | 27 Jul 2026 |
| Refund initiation | 28 Jul 2026 |
| Shares credited to demat | 28 Jul 2026 |
| Listing date | 29 Jul 2026 |
| Mandate end date | 8 Aug 2026 |
| Anchor lock-in (50%) | 25 Aug 2026 |
| Anchor lock-in (remaining) | 24 Oct 2026 |
Issue size
About Cube Highways Trust
Cube Highways Trust is an infrastructure investment trust (InvIT) that owns and invests in road infrastructure assets across India through special purpose vehicles (SPVs). The Trust primarily invests in operational highway projects developed under concession agreements with the National Highways Authority of India (NHAI) and state authorities across multiple models, including Toll-Operate-Transfer (TOT), Design-Build-Finance-Operate-Transfer (DBFOT), Build-Operate-Transfer (BOT) Annuity and Hybrid Annuity Model (HAM). As of March 31, 2026, it had investments in 27 road assets, with all projects owned, operated and maintained through its SPVs. The Trust is managed by Cube Highways Fund Advisors Private Limited and follows the regulatory framework applicable to InvITs. Its objective is to generate returns by investing in eligible infrastructure assets and related investments in accordance with the InvIT Regulations and its trust documents.
Strengths
- Operates a diversified portfolio of highway assets across multiple states and concession models.
- Uses proprietary digital tools for real-time asset monitoring and performance benchmarking.
- Operational efficiency initiatives have helped keep operation and maintenance costs stable.
- Follows a diversified procurement strategy with multiple suppliers to improve cost efficiency and reduce supply risks.
- Long-term procurement arrangements and bulk purchasing help manage maintenance costs and improve supply security.
Risks
- Competing expressways may divert traffic and reduce toll revenue on some road assets.
- Failure to keep pace with new technologies could reduce competitiveness and project opportunities.
- Extreme weather events such as floods and cyclones can damage roads and disrupt traffic.
- Climate-related uncertainties may increase maintenance costs and affect long-term traffic and revenue assumptions.
- Disruptions in the supply of key materials can delay maintenance and infrastructure activities.
IPO information is sourced from public feeds and shown for general information only. It is not a recommendation to apply for this or any IPO. IPOs are equity investments and carry market risk; listing gains are not guaranteed and SME IPOs are especially volatile. Grey Market Premium (GMP) is unofficial and not endorsed by SEBI or the exchanges. Equity IPOs are applied for through a demat and trading account, not through mutual fund distribution services. Read the RHP and consult a SEBI-registered investment adviser before investing.