Cube Highways Trust IPO GMP today is Rs 0. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
Mainboard IPO
CUBE
Cube Highways Trust IPO GMP & Allotment
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.
- IPO Price Band
- ₹151.00 - ₹152.00
- Lot Size
- 95 Shares
- Bidding Closes
- 24 Jul 2026
- Listing Date
- 29 Jul 2026
Quick Answer & Highlights
Cube Highways Trust IPO GMP Today & Key Takeaways
Last updated: 24 Jul 2026
Cube Highways Trust IPO officially listed on 29 Jul 2026 at Rs 155.00, delivering a +1.97% listing gain compared to its issue price of Rs 152.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹0.
Cube Highways Trust IPO officially listed on 29 Jul 2026 at ₹155.00, delivering a +1.97% listing gain compared to its issue price of ₹152.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹0.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹0 | +0% vs upper band (24 Jul 2026) |
| Est. Listing Price | ₹155.00 | +1.97% Est. Listing Gain |
| Price Band | ₹151.00 - ₹152.00 | Mainboard IPO |
| Retail Minimum Investment | ₹14,440 | 1 Lot (95 Shares) |
| Bidding Window | 22 Jul 2026 – 24 Jul 2026 | Listed |
| Allotment & Listing Dates | Allotment: 27 Jul 2026 | Listing: 29 Jul 2026 |
Current GMP Status
₹0
+0% vs upper band
Est. Listing Gain
+1.97%
Last Trend
24 Jul 2026
Listing Price
₹155.00
Retail Entry
₹14,440
IPO Details
Complete IPO information
| IPO Open Date | 22 Jul 2026 |
|---|---|
| IPO Close Date | 24 Jul 2026 |
| IPO Price Band | ₹151.00 - ₹152.00 |
| Lot Size | 95 Shares |
| Current GMP | ₹0 |
| Estimated Listing Gain | +1.97% |
| Issue Size | Approx ₹5,000 Cr |
| Fresh Issue | - |
| Issue Type | Mainboard |
| IPO Listing | NSE, BSE |
| Retail Quota | TBA |
| Registrar | TBA |
| Overall Subscription | 4.94x |
| Minimum Investment | ₹14,440 |
| DRHP Draft Prospectus | - |
| RHP Draft Prospectus | - |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Cube Highways Trust is priced at ₹152 per share. With a minimum lot size of 95 shares, a retail investor applying for one lot would need approximately ₹14,440 to participate in this Mainboard issue.
The latest recorded Grey Market Premium for Cube Highways Trust stands at ₹0, implying an estimated listing gain of around 0.00% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Cube Highways Trust's IPO was subscribed 4.94x overall, with a category-wise breakdown of QIB 5.9x.
Among the strengths highlighted in Cube Highways Trust's IPO documents: 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..
Investors should also weigh the risk factors Cube Highways Trust has disclosed, including: Competing expressways may divert traffic and reduce toll revenue on some road assets..
Mainboard IPOs list on the main platform of BSE/NSE, typically involve larger issue sizes, and draw participation across retail, HNI and institutional (QIB) investor categories.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
22 Jul 2026
✓
Bidding Closes
24 Jul 2026
✓
Allotment
27 Jul 2026
✓
Listing
29 Jul 2026
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 22 Jul 2026 | Completed |
| Bidding Closes | 24 Jul 2026 | Completed |
| Allotment | 27 Jul 2026 | Completed |
| Listing | 29 Jul 2026 | Completed |
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 24 Jul 2026 | ₹0.00 | - | 0.00% |
| 21 Jul 2026 | ₹0.00 | - | 0.00% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 95 | ₹14,440 |
| Retail Maximum | 13 Lot | 1,235 | ₹1,87,720 |
| S-HNI Minimum | 14 Lot | 1,330 | ₹2,02,160 |
| S-HNI Maximum | 69 Lot | 6,555 | ₹9,96,360 |
| B-HNI Minimum | 70 Lot | 6,650 | ₹10,10,800 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Issue Notes
Important takeaways before applying
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.
Analysis
Cube Highways Trust InvIT IPO Reservation
Cube Highways Trust InvIT has allocated units among different investor categories in accordance with the applicable SEBI regulations for Infrastructure Investment Trust (InvIT) public issues. The reservation structure is primarily divided between Qualified Institutional Buyers (QIBs) and Non-Institutional Investors (NIIs).
The category-wise allocation is designed to encourage institutional participation while also providing an opportunity for eligible non-institutional investors to participate in the public issue.
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 75% |
| NII Shares Offered | – Shares | 25% |
Analysis
Cube Highways Trust InvIT IPO Dates
The Cube Highways Trust InvIT IPO will open for public subscription on July 22, 2026 and close on July 24, 2026. Eligible investors can submit their applications during this period through the ASBA process or UPI-supported platforms provided by registered brokers and banks.
The basis of allotment is expected to be finalized on July 27, 2026. Refunds to unsuccessful applicants and the credit of allotted units to successful investors' demat accounts are scheduled for July 28, 2026. The units of Cube Highways Trust InvIT are proposed to be listed on both the BSE and NSE on July 29, 2026.
| Event | Date |
|---|---|
| IPO Open Date | July 22, 2026 |
| IPO Close Date | July 24, 2026 |
| Basis of Allotment | July 27, 2026 |
| Refunds Initiation | July 28, 2026 |
| Credit to Demat Account | July 28, 2026 |
| IPO Listing Date | July 29, 2026 |
Analysis
Cube Highways Trust IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 22 Jul 2026 |
| IPO Close Date | 24 Jul 2026 |
| Basis of Allotment | 27 Jul 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 29 Jul 2026 |
Note: The timeline for Cube Highways Trust IPO is tentative and subject to change.
Analysis
Cube Highways Trust InvIT IPO Objects of the Issue & Utilisation of Proceeds
The detailed objectives of the Cube Highways Trust InvIT public issue have not yet been disclosed. As per the available information, the issue is primarily structured as an Offer for Sale (OFS), and additional details regarding the utilisation of proceeds, if any, are expected to be provided in the final offer documents.
Investors are advised to refer to the updated Red Herring Prospectus (RHP) or official filings once available for complete information regarding the purpose of the issue and the proposed use of funds.
| Purpose | Status |
|---|---|
| Objects of the Issue & Utilisation of Proceeds | To be updated soon |
Note: This section will be updated after the company releases the final offer document containing detailed information on the objectives of the public issue and the utilisation of proceeds.
Analysis
Cube Highways Trust Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Analysis
Cube Highways Trust InvIT IPO Company Financial Report
Cube Highways Trust InvIT has reported a strong financial base backed by its portfolio of operational highway assets. The financial statements indicate steady growth in revenue and a significant asset base, reflecting the scale of the infrastructure investment trust and its road asset portfolio.
The table below summarizes the InvIT's recent financial performance, including revenue, expenses, profit after tax (PAT), and total assets. These figures help investors evaluate the operational and financial position of the trust before investing in the public issue.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹3,074.11 | ₹3,760.95 | ₹705.92 | ₹24,625.75 |
| 2025 | ₹3,453.15 | ₹3,503.47 | ₹35.72 | ₹28,000.16 |
| 2026 | ₹4,359.03 | ₹4,034.34 | ₹216.72 | ₹29,398.47 |
Amount in ₹ Crores: The above financial figures are based on the latest available financial statements of Cube Highways Trust InvIT and are intended to provide investors with an overview of the trust's financial performance before the public issue.
Analysis
Cube Highways Trust Company Financials
To Be Updated Soon
Analysis
Cube Highways Trust Company Valuation – FY2026
To Be Updated Soon
Analysis
Cube Highways Trust IPO Peer Group Comparison
To Be Updated Soon
Comparison
Compare Cube Highways Trust IPO with similar IPOs
FAQ
Cube Highways Trust IPO FAQs
Cube Highways Trust IPO price band is Rs 151.00 to Rs 152.00. Check the latest issue price, lot size and GMP together before applying.
Cube Highways Trust IPO open date is 22 Jul 2026, close date is 24 Jul 2026, and listing date is 29 Jul 2026.
Cube Highways Trust IPO lot size is 95 shares. The minimum retail investment is Rs 14,440.
Cube Highways Trust is classified as a Mainboard IPO. This helps investors quickly understand the issue category and exchange segment.
Cube Highways Trust IPO subscription status currently shows QIB 5.9x, Overall 4.94x.
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.
Cube Highways Trust IPO issue size is 5000 and the expected allotment date is 27 Jul 2026.
In our empirical study of 117 Indian IPO listings, positive GMP was followed by a positive listing gain 69.8% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
Community discussion
Comments
Share a useful question or insight about Cube Highways Trust.
Leave a comment
Your email address will not be published. All comments and replies are reviewed before appearing.
Keep Exploring
Similar Recent IPOs
Mainboard
Bombay Coated & Special Steels
Price Band₹78.00 - ₹82.00
Current GMP₹9 · +11.0%
Lot Size182 Shares
Mainboard
M.K.Sons Fine Jewels
Price Band₹153.00 - ₹162.00
Current GMP₹10 · +6.2%
Lot Size91 Shares
Mainboard
SFC Environmental Technologies
Price Band₹313.00 - ₹330.00
Current GMP₹25.1 · +4.5%
Lot Size45 Shares
Mainboard
BLS Polymers
Price Band₹142.00 - ₹150.00
Current GMP₹98 · +46.7%
Lot Size100 Shares
Loading comments...