· Mainboard · NSE
Price Band
₹151–152
Lot Size
95 shares
Issue Size
₹5,000 Cr
Min. Investment
₹14,440
Indicative, updates through the day
Cap price plus current GMP: ₹153.75 — arithmetic, not a forecast
Cube Highways Trust IPO is a Mainboard issue that listed on NSE on 3 August 2026. The issue price band is fixed at ₹151–₹152 per equity share with a minimum market lot size of 95 shares, bringing the total issue size to ₹5,000 Cr. At the upper price band, the minimum retail application requires one lot amounting to ₹14,440.
The latest unlisted Grey Market Premium (GMP) for Cube Highways Trust IPO is quoted at ₹1.75, representing a premium of approximately 1.15% over the upper price band of ₹152. On a simple cap price plus GMP basis, the estimated opening price indicates a listing near ₹153.75, and informal quotes have risen over recent sessions. Please note that GMP is an unregulated sentiment indicator quoted by off-market dealers; it fluctuates based on supply-demand dynamics and does not constitute a guaranteed listing price. For historical accuracy studies, read our research on IPO GMP accuracy, or compare with live GMP quotes for all active IPOs.
As per the latest exchange feeds from BSE and NSE, Cube Highways Trust IPO has been subscribed 9.33x overall — with QIB at 13.2x, NII at 4.69x. When the retail category is oversubscribed, SEBI regulations mandate that allotment is determined via an automated computerized lottery where each valid PAN gets one equal chance.
The minimum investment for retail investors is one lot of 95 shares (approx. ₹14,440 at the cut-off price), while the maximum retail bid is capped at 13 lots (under ₹2,00,000). Applications must be submitted using ASBA via Net Banking or the UPI Mandate route through registered stockbrokers (Zerodha, Groww, Angel One, Upstox).
The official registrar appointed for this issue is MUFG Intime India Pvt. Ltd. (formerly Link Intime), with the basis of allotment finalised on 29 July 2026 and listing completed on 3 August 2026. Once declared, you can check your allotment status on our IPO Allotment Checker using your PAN or Application Number. If you are not allotted shares, the ASBA block on your bank funds is automatically released by T+2 day.
Issue Price
₹152
Listed At
₹155
Current Price
₹156.88
Incorporated in March 2022, Cube Highways Trust is an Indian Infrastructure Investment Trust (InvIT) sponsored by Cube Highways and Infrastructure V Pte. Ltd., established to acquire, own, operate, and manage road and other infrastructure assets across India. The Trust operates a diversified portfolio of highway assets comprising toll and annuity-based projects, generating stable cash flows through long-term concession agreements. As of March 31, 2026, its portfolio consisted of 27 road assets covering 8,754 lane kilometers across 12 states and one union territory, making it one of India's leading highway infrastructure InvITs. The Trust focuses on acquiring mature, cash-generating infrastructure assets while enhancing operational efficiency through advanced asset management, maintenance expertise, and disciplined capital allocation. Backed by the Cube Group, it benefits from strong institutional sponsorship, proven M&A capabilities, and a robust pipeline of committed and right-of-first-offer (ROFO) assets, supporting long-term portfolio expansion and value creation. Cube Highways Trust is managed by Cube Highways Fund Advisors Private Limited, which oversees investment management, portfolio operations, and strategic growth. As of March 31, 2026, the Trust and its portfolio entities employed over 800 personnel across operations, maintenance, finance, safety, compliance, and project management functions, supported by more than 5,000 contractual staff for on-ground operations.
Cube Highways Trust InvIT raises ₹1,687.50 crore from anchor investors. Cube Highways Trust InvIT Anchor bid date is July 21, 2026.
| Category | Shares Offered | % |
|---|---|---|
| QIB | 18,50,32,893 | 0% |
| − Anchor Investor | 11,10,19,565 | 0% |
| − QIB (Ex. Anchor) | 7,40,13,328 | 0% |
| NII (HNI) | 6,16,77,632 | 0% |
| Company | P/E | ROE | Revenue |
|---|---|---|---|
| Citius Transnet Investment Trust | null | ₹1,105.00 Cr | |
| Raajmarg Infra Investment Trust | null | ₹6,000.00 Cr | |
| Innovision Ltd. | 33.8 | ₹319.25 Cr | |
| Highway Infrastructure Ltd. | 18.06 | ₹130.00 Cr |
Cube Highways Trust Address
MUFG Intime India Pvt. Ltd. (formerly Link Intime)