Cube Highways Trust IPO Subscription Day 2: The initial public offering (IPO) of Cube Highways Trust InvIT is receiving a lukewarm response from investors. The issue was subscribed around 8% on day 2 so far. Its IPO grey market premium (GMP) also remained unchanged on Thursday, July 23.
Cube Highways Trust IPO Subscription Status
The issue was subscribed close to 0.08 times on Thursday, as per Chittorgarh data at 12:15 pm. The issue received a strong response from net institutional investors (NIIs). As per Chittorgarh data, the IPO was subscribed around 1x on the anchor basis and around 0.18x in the NII category.
Cube Highways Trust IPO GMP Today
Cube Highways Trust InvIT last grey market premium (GMP) stood at Rs 0, as per investorgain.com at 11:54 am. It indicates that issue's estimated listing price is likely to remain close to its price band, ie Rs 152 per share. The expected percentage gain/loss per share is 0%.
Cube Highways Trust IPO
Cube Highways Trust InvIT IPO is a complete offer for sale (OFS) of up to Rs 50,000 million, ie Rs 5,000 crore by six existing unitholders. The IPO will see key investors like BCI IRR India Holdings, BCI IRR India Holdings LP, Cube Highways and Infrastructure, Cube Mobility Investment, and Seventy Second Investment Company LLC, offload their stakes.
About Cube Highways Trust IPO
Cube Highways Trust InvIT is a book-build issue of Rs 5,000 crore. The bidding opened on Wednesday, July 22, and will conclude on July 24. The allotment for the Cube Highways Trust InvIT is also expected to be finalised on July 29. The IPO is likely to list on NSE and BSE on August 3, 2026.
Price Band Details
The IPO has fixed a price band of Rs 151 to Rs 152 per share. The lot size for an application is 95 shares. The minimum amount to invest in the IPO is Rs 14,440 for retail investors for a single lot.
Cube Highways Trust Key Strengths
Dedicated sponsor-level GrowthCo pipeline of committed assets and three ROFO assets is one of the key strengths of the company. Additionally, it enjoys presence in a large and geographically diversified 26-asset portfolio across 12 states with limited single-corridor concentration. The firm also has a proven M&A track record which increased from 18 to 27 assets over the years.
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