CH
Cube Highways Trust InvIT
Infrastructure Investment Trust · Highway Assets · Toll & Annuity
📋 Mainline InvIT
OFS Only
NSE, BSE
₹152
Upper Price
₹5,000.00 Cr
Issue Size
Jul 29, 2026
Listing Date
TBD
Market Cap (Pre)
📅 InvIT Timetable
All dates tentative🟢
InvIT Opens
Wednesday, 22 July 2026
Bidding starts — apply before close
🔒
InvIT Closes
Friday, 24 July 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Monday, 27 July 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Tuesday, 28 July 2026
Unallotted funds returned; shares credited to demat
🏷️
Wednesday, 29 July 2026
Trading begins from 10:00 AM IST
📋 InvIT Details
Open Date22 July 2026 (Wed)
Close Date24 July 2026 (Fri)
Listing Date29 July 2026 (Wed)
Face ValueNot Applicable
Price Band₹151 to ₹152
Issue Price (Upper Band)₹152 per share
Issue TypeBook Build — OFS Only
Lot SizeNot Disclosed
Total Issue Size32,89,47,368 shares (₹5,000.00 Cr)
Fresh Issue0 shares (₹0 Cr)
Offer for Sale (OFS)32,89,47,368 shares (₹5,000.00 Cr)
Pre-Issue Shares1,34,40,69,762
Post-Issue Shares1,34,40,69,762
Promoter Holding (Pre)Not Disclosed
Market Cap (Pre-IPO)TBD
Listing ExchangeNSE, BSE
Lead ManagerKotak, HDFC, HSBC, JM Financial
RegistrarKfin Technologies Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹152| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail — Minimum | N/A | N/A | N/A |
| Retail — Maximum | N/A | N/A | N/A |
| S-HNI (sNII) — Min | N/A | N/A | N/A |
| S-HNI (sNII) — Max | N/A | N/A | N/A |
| B-HNI (bNII) — Min | N/A | N/A | N/A |
⚠️ Note: Standard retail lot sizes are not disclosed in the current DRHP/RHP framework for this specific InvIT structure.
👥 Investor Reservation
Allocated portion of Net Offer8,22,36,840 shares
Strategic Investors
N/A
Retail Portion
N/A
NII Portion
📊 Subscription Status
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📈 Company Financials
Restated Consolidated · ₹ Crore| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 29,398.47 | 28,000.16 | 24,625.75 |
| Total Income | 4,359.03 | 3,453.15 | 3,074.11 |
| PAT | 216.72 | -35.72 | -705.92 |
| EBITDA | 3,234.54 | 2,379.70 | 1,368.86 |
| Reserves & Surplus | 147.94 | 126.97 | 78.70 |
| Total Borrowing | 17,664.71 | 15,114.69 | 10,735.27 |
Income Growth
FY 2023–24₹3,074.11 Cr
FY 2024–25₹3,453.15 Cr
FY 2025–26₹4,359.03 Cr
🎯 Key Performance Indicators
N/A
ROE
FY 2025–26
N/A
Debt/Equity
FY 2025–26
N/A
ROCE
FY 2025–26
N/A
PAT Margin
FY 2025–26
N/A
EBITDA Margin
FY 2025–26
N/A
RoNW
FY 2025–26
N/A
Price/Book
FY 2025–26
27
Highway Assets
Portfolio Size
⚖️ Valuation & EPS
Pre-IPO EPS
N/A
FY26 earnings + pre-issue shares
P/E: N/APost-IPO EPS
N/A
No dilution effect (OFS issue logic)
P/E: N/APrice to Book Value
N/A
At upper price band ₹152
Market Cap (Pre-IPO)
TBD
At issue price ₹152
ℹ️
Because this operation is 100% an Offer for Sale, total post-issue outstanding equity shares stay aligned with the pre-issue structure at 1,34,40,69,762 shares. Specific EPS and valuation ratios were not disclosed in the filing extract.
🎯 Objects of the Issue
Net proceeds utilisation1
Carry out the Offer for Sale of 32,89,47,368 Equity Shares by the Promoter Selling Shareholders
₹5,000.00 Cr
2
Achieve the benefits of listing the Equity Shares on the Stock Exchanges
Balance
Total Net Proceeds Goal
₹5,000.00 Cr
🏢 About Cube Highways Trust InvIT
Est. 2022 · New Delhi · Highway InfrastructureCube Highways Trust, established in March 2022, operates as a prominent Indian Infrastructure Investment Trust (InvIT) focused on acquiring, owning, and dynamically managing road and civil infrastructure assets. The entity oversees a sophisticated portfolio of highway assets strategically divided between toll and annuity-based projects, ensuring highly stable cash flows governed by long-term structural concession agreements.
The Trust’s portfolio is anchored by 27 mature road assets spanning 8,754 lane kilometers across 12 states and one union territory as of March 31, 2026. Managed structurally by Cube Highways Fund Advisors Private Limited, the InvIT benefits extensively from the proven M&A capabilities and deep Right-of-First-Offer (ROFO) pipeline provided by its institutional sponsor, Cube Highways and Infrastructure V Pte. Ltd. Operations are driven by over 800 direct personnel and enhanced by a broader grid of 5,000 contractual on-ground operators.
Brand Ecosystem
🛣️
Highway Assets
27 diversified road assets stretching across 8,754 lane kilometers nationwide
💼
Asset Management
Structurally managed by Cube Highways Fund Advisors Private Limited
📈
Strategic Expansion
Deep institutional backing fueling a pipeline of ROFO acquisition assets
👨🏭
Diverse Operations
Over 800 direct financial/safety personnel alongside 5,000 contractual on-ground staff
Competitive Strengths
🌍One of India’s leading highway Infrastructure Investment Trusts with a highly diversified portfolio
🏛️Strong institutional sponsorship driving sustained access to committed acquisition pipelines
⚙️Proven domain expertise in complex asset acquisitions, operations, and capital optimization
💰Balanced hybridization of toll and annuity assets guaranteeing highly predictable long-term cash flows
Company Promoters
CH
Cube Highways and Infrastructure V Pte. Ltd.
Sponsor, Cube Highways Trust InvIT
📅 Key Dates
InvIT Opens22 Jul 2026
InvIT Closes24 Jul 2026
Allotment27 Jul 2026
Refund & Share Credit28 Jul 2026
Listing Day29 Jul 2026
💡 Quick Summary
Price Band₹151 – ₹152
Upper Price₹152 / share
Lot SizeNot Disclosed
Min. Investment (Retail)N/A
Issue Size₹5,000.00 Cr
ListingBSE, NSE
🏦 Registrar & Lead Manager
Lead Manager
Kotak, HDFC, HSBC, JM Financial
📍 Registered Address
Cube Highways Trust
B-376, Upper Ground Floor,
Nirman Vihar,
New Delhi — 110092
📞 +91 120 4868300
[email protected]
B-376, Upper Ground Floor,
Nirman Vihar,
New Delhi — 110092
📞 +91 120 4868300
[email protected]
🛡️ Regulatory Note: Mainline InvIT investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
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Disclaimer: This page presents publicly available information from the Cube Highways Trust InvIT RHP for informational purposes only. It does not constitute investment advice. Investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
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