Cube Highways Trust InvIT subscription opens today. Here are key details for investors

Cube Highways Trust InvIT will open its public subscription today, July 22, 2026, offering investors an opportunity to participate in one of India’s prominent highway infrastructure investment platforms. The issue will remain open for subscription until July 24, 2026.

The InvIT is launching a book-built issue worth Rs 5,000 crore, comprising an offer-for-sale of 32.89 crore units. The price band for the issue has been fixed at Rs 151–Rs 152 per unit.

The allotment for Cube Highways Trust InvIT is expected to be finalised on July 29, 2026, with the units scheduled to list on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The tentative listing date has been set for August 3, 2026.


Investors can apply in lots of 95 units, with the minimum investment amount set at Rs 14,440 based on the upper end of the price band.

Kotak Mahindra Capital Co. Ltd. is acting as the Book Running Lead Manager for the issue, and KFin Technologies Ltd. has been appointed as the registrar.

About Cube Highways Trust InvIT
Established in March 2022, Cube Highways Trust is an Indian Infrastructure Investment Trust (InvIT) sponsored by Cube Highways and Infrastructure V Pte. Ltd. The Trust was created to acquire, own, operate, and manage road and other infrastructure assets across India.

The Trust has built a diversified portfolio of highway projects, including both toll-based and annuity-based assets, providing stable revenue streams through long-term concession agreements. As of March 31, 2026, Cube Highways Trust’s portfolio included 27 road assets spanning approximately 8,754 lane kilometres across 12 states and one union territory, positioning it among India’s leading highway infrastructure InvITs.

The Trust follows a strategy of acquiring mature, cash-generating infrastructure assets while improving operational efficiency through technology-driven asset management, effective maintenance practices, and disciplined capital allocation.

Backed by the Cube Group, the InvIT benefits from institutional sponsorship, infrastructure expertise, acquisition capabilities, and a pipeline of committed and right-of-first-offer (ROFO) assets that can support future expansion.

Cube Highways Trust is managed by Cube Highways Fund Advisors Private Limited, which oversees investment decisions, portfolio management, and strategic growth initiatives.

As of March 31, 2026, the Trust and its portfolio entities employed more than 800 professionals across areas such as operations, maintenance, finance, safety, compliance, and project management. The on-ground infrastructure network is further supported by over 5,000 contractual workers involved in daily operations and maintenance activities.

Financial performance shows strong growth
Cube Highways Trust recorded a strong financial performance in FY26, reflecting steady growth in its infrastructure portfolio.

The Trust’s total income increased to Rs 2,922.09 crore in FY26 from Rs 2,106.32 crore in FY25, registering a year-on-year growth of 38.7%.

Profitability also improved significantly, with Profit After Tax (PAT) rising to Rs 1,422.89 crore in FY26 from Rs 999.57 crore in FY25. This represents a growth of 42.3%, driven by improved operational performance, efficient asset management, and stronger value creation.

With a large portfolio of operational highway assets, a stable cash-flow generation model, and backing from an experienced infrastructure sponsor, Cube Highways Trust InvIT enters the market as an important offering in India’s expanding infrastructure investment landscape.

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