Cube Highways Trust InvIT Day 1 Live: ₹5,000 Crore Issue Opens, Subscription At 0.01 Times In Early Trade

Mumbai, July 22: The Cube Highways Trust InvIT opened for public subscription on Wednesday, marking the start of bidding for one of the largest infrastructure investment trust offerings of the year. In the first few hours of the issue, investor participation remained muted, with the ₹5,000 crore InvIT subscribed 0.01 times as of 10:40 AM.

The three-day issue opened today and will remain available for subscription until July 24. As is typically seen with large InvIT offerings, subscription levels are expected to build gradually over the course of the bidding period, with institutional participation likely to play a significant role in the final outcome.

Early Demand Remains Limited

According to exchange data, investors had bid for 16,87,960 units against 13,65,89,480 units available for subscription, resulting in an overall subscription of 0.01 times.

The available data shows that the ‘Others’ category was subscribed 0.03 times, while detailed category-wise figures for QIB and other investor segments were yet to be reported in the morning update.

Since the issue has just opened, subscription numbers are expected to change throughout the trading session as fresh bids are received.

Cube Highways Trust InvIT Subscription Status Today

As of 10:40 AM on July 22, the subscription status was:

• Others: 0.03 times
• Overall:0.01 times

The exchange is expected to update detailed investor category-wise demand as bidding progresses during the day.

Cube Highways Trust InvIT Issue Details

Cube Highways Trust aims to raise ₹5,000 crore through a book-built Infrastructure Investment Trust (InvIT) issue.

The offering consists entirely of an Offer for Sale (OFS) of 32,89,47,368 units, with no fresh issue component.

The InvIT has fixed the price band at ₹151 to ₹152 per unit.

The minimum application size for retail investors is 95 units.

Investor Reservation

The issue has been reserved as follows:

• Qualified Institutional Buyers (QIB): Up to 75% of the offer
• Non-Institutional Investors (NII): At least 25% of the offer

Important Dates

• Issue Opens: July 22 2026
• Issue Closes: July 24 2026
• Expected Allotment: July 29 2026
• Expected Refunds: July 30 2026
• Expected Credit of Units: July 30 2026
• Tentative Listing: August 3 2026

About Cube Highways Trust

Cube Highways Trust is an Infrastructure Investment Trust (InvIT) sponsored by Cube Highways and Infrastructure Pte. Ltd. The trust owns and operates a diversified portfolio of highway assets across India, generating long-term cash flows through annuity-based and toll road projects. As of March 31 2026, its portfolio comprised 27 operational road assets spread across 12 states and one union territory.

Conclusion

Cube Highways Trust InvIT has made a quiet start on its opening day, with early subscriptions remaining limited during the morning session. Given the size of the issue and the nature of InvIT offerings, investor interest is expected to evolve over the remaining two days of bidding, particularly as institutional participation gathers pace before the issue closes on July 24.

Source:

• https://www.chittorgarh.net/reports/anchor-investor/cube-highway-anchor-list.pdf