Cube Highways Trust InvIT IPO Opens Today: Check Price Band, GMP, Financials, Key Dates and Investment Details

22 Jul 2026 , 12:18 PM

The Cube Highways Trust InvIT IPO has opened for subscription today, July 22, 2026, and will remain open until July 24, 2026. The Infrastructure Investment Trust (InvIT) aims to raise ₹5,000 crore through a 100% Offer for Sale (OFS), making it one of the largest InvIT public issues in recent times.

Backed by Cube Highways and Infrastructure V Pte. Ltd., the Trust owns a diversified portfolio of highway assets across India and offers investors an opportunity to participate in income-generating infrastructure assets.

Here’s everything you need to know about the Cube Highways Trust InvIT IPO, including issue details, Grey Market Premium (GMP), financial performance, strengths, and key dates.

Cube Highways Trust InvIT IPO: Key Details

Particular	Details
IPO Opening Date	July 22, 2026
IPO Closing Date	July 24, 2026
Listing Date (Tentative)	August 3, 2026
Issue Size	₹5,000 crore
Issue Type	Book Building InvIT
Sale Type	100% Offer for Sale (OFS)
Price Band	₹151–₹152 per unit
Final Issue Price	₹152 per unit
Lot Size	95 units
Stock Exchanges	NSE & BSE
Registrar	KFin Technologies Ltd.
Book Running Lead Manager	Kotak Mahindra Capital Co. Ltd.

Cube Highways Trust InvIT GMP Today

As of July 22, 2026, the Grey Market Premium (GMP) for the Cube Highways Trust InvIT IPO stands at ₹0.

GMP Trend

Date	GMP	Estimated Listing Price
July 22	₹0	₹152
July 21	₹0	₹152
July 20	₹0	₹152

The zero GMP suggests that the grey market currently expects the InvIT to list around its issue price, indicating neutral investor sentiment ahead of listing.

However, investors should note that GMP is an unofficial indicator and should not be the sole basis for making investment decisions.

About Cube Highways Trust

Established in March 2022, Cube Highways Trust is an Infrastructure Investment Trust (InvIT) focused on acquiring, owning, operating, and managing highway and road infrastructure assets across India.

As of March 31, 2026, the Trust’s portfolio comprised:

• 27 operational highway assets
• 8,754 lane kilometres
• Presence across 12 states and one union territory
• Balanced mix of toll roads and annuity-based projects

The Trust generates stable cash flows through long-term concession agreements and focuses on acquiring mature, income-generating infrastructure assets.

Cube Highways Trust is managed by Cube Highways Fund Advisors Private Limited, which oversees investment strategy, operations, portfolio management, and future acquisitions.

The organization employs over 800 professionals, supported by more than 5,000 contractual workers across project operations and maintenance.

Competitive Strengths

Cube Highways Trust enjoys several competitive advantages that strengthen its investment proposition.

Diversified Highway Portfolio

The InvIT owns one of India’s largest portfolios of operational highway assets spread across multiple states, reducing concentration risk.

Stable Cash Flows

A balanced combination of toll-based and annuity-based assets helps generate relatively predictable and recurring cash flows.

Strong Institutional Sponsorship

Backed by the Cube Group, the Trust has access to a robust pipeline of future acquisitions, including committed assets and Right of First Offer (ROFO) opportunities.

Operational Expertise

The management team has demonstrated expertise in highway acquisitions, asset optimization, maintenance, and efficient capital allocation.

Cube Highways Trust Financial Performance

The Trust reported strong growth during FY26, reflecting improved operational performance.

Financial Highlights (₹ Crore)

Particular	FY26	FY25
Total Assets	30,763.19	28,624.25
Total Income	2,922.09	2,106.32
Profit After Tax	1,422.89	999.57
Total Borrowings	491.65	439.96

Key Financial Growth

• Revenue increased by 39% year-on-year.
• Profit After Tax (PAT) rose 42% compared to FY25.
• Asset base expanded to over ₹30,700 crore.
• Borrowings remained relatively moderate considering the size of the portfolio.

The strong financial growth indicates improving operational efficiency and higher profitability.

Offer Structure

Unlike a fresh issue, the Cube Highways Trust InvIT IPO is entirely an Offer for Sale (OFS).

Key Points

• Total Issue Size: 32.89 crore units
• Issue Value: ₹5,000 crore
• No fresh units are being issued.
• The post-issue unit holding remains unchanged because the Trust is not issuing new units.

Since this is a pure OFS, the proceeds will go to the selling unitholders rather than the Trust itself.

Important Dates

• IPO Opens: July 22, 2026
• IPO Closes: July 24, 2026
• Allotment Finalisation: July 29, 2026
• Refunds Initiated: July 30, 2026 (Expected)
• Units Credited to Demat: July 31, 2026 (Expected)
• Listing on NSE & BSE: August 3, 2026

Disclaimer – The stock/s and indices mentioned in this article is discussed solely for informational and educational purposes. It should not be construed as investment advice or a recommendation to buy or sell any securities. Investors should conduct their own research or consult a financial advisor before making any investment decisions. Investments in securities market are subject to market risks. Read all the related documents carefully before investing.