What is the total issue size of the Cube Highways Trust InvIT IPO?

The total issue size of the Cube Highways Trust InvIT IPO is ₹5,000.00 Crore.

How much fresh equity is being raised by Cube Highways Trust?

There is no fresh issue portion. The entire ₹5,000 Crore issue is an Offer for Sale (OFS) by existing selling unitholders.

What is the asset portfolio of Cube Highways Trust?

Cube Highways Trust operates 26 road infrastructure assets spanning 12 Indian states and 1 Union Territory, covering over 8,441 lane kilometres across toll and annuity concession models.

What are the key financial performance trends of Cube Highways Trust?

In FY26, Cube Highways Trust recorded revenue of ₹4,238.88 Cr, EBITDA of ₹3,234.54 Cr, and a net profit (PAT) of ₹216.72 Cr, reflecting a turnaround from net losses of ₹705.92 Cr in FY24 and ₹35.72 Cr in FY25.

What is the credit rating of Cube Highways Trust's debt facilities?

Cube Highways Trust holds AAA/Stable long-term ratings from CRISIL, ICRA, and India Ratings, as well as CRISIL A1+ for short-term borrowings.

When are the key bidding and listing dates for the IPO?

The IPO opens on July 22, 2026, and closes on July 24, 2026. The allotment is finalized on July 27, 2026, and the listing takes place on July 30, 2026.

Is Cube Highways Trust InvIT stock good for long term?

Based on our AI analysis, Cube Highways Trust InvIT has a financial score of N/A/100 and a market potential score of N/A/100.

What is the lot size of Cube Highways Trust InvIT stock?

Use the ViewIPO Lot Size Calculator to instantly find the exact lot size and maximum investment limits for Retail, sHNI, and bHNI categories for Cube Highways Trust InvIT.

Cube Highways Trust InvIT Share Price & Stock Analysis

Name: Cube Highways Trust InvIT Stock
Brand: Cube Highways Trust InvIT
Rating: 3.8 (1 reviews)

Home›India›Cube Highways Trust InvIT ()

Cube Highways Trust InvITNSE / BSE:

Analyzed by ViewIPO Financial Research Team

Infrastructure Investment Trust (InvIT)India•Filed 2026-07-22•Listed 2026-07-31•Size ₹4999.92Cr

The total amount of money the company is trying to raise from the public through this IPO.

•Lot Size 95

The minimum number of shares an investor must bid for in an IPO.

Listing Return

The percentage gain or loss on the listing day compared to the original IPO issue price.

₹2.99 (+1.97%)

Live Subscription

How many times the IPO has been demanded by investors. E.g., 10x means investors want 10 times more shares than available.

6.76x Total

Check Allotment

Status Link

Is Cube Highways Trust InvIT a Good Stock? Quick Verdict

Cube Highways Trust InvIT IPO scored 59/100 (High Risk) in our deep analysis. The strongest pillar is Financial at 75/100, while Dilution is the primary concern at 35/100. Cube Highways Trust presents a large, credit-rated AAA road infrastructure portfolio with strong revenue expansion and high EBITDA margins, though the issue is 100% Offer for Sale with a recent history of net losses.

Stock Score

59/100

High Risk

Quick Verdict

Large operational road infrastructure portfolio covering over 8,441 lane kilometres across 12 Indian states.

High operational efficiency indicated by an EBITDA margin of 76.31% and AAA/Stable ratings from CRISIL, ICRA, and India Ratings.

Entire ₹5,000 Cr public offer is an Offer for Sale (OFS), providing zero proceeds to the Trust.

Elevated debt profile with a debt-to-equity ratio of 1.81x following net losses in FY24 and FY25.

Company Snapshot

Revenue (TTM)

Total money brought in by the company's operations before deducting any expenses.

₹4238.88Cr↑ 28.17% YoY

Profitability

The company's total profit after all expenses, taxes, and costs have been deducted.

PositiveNet Income ₹216.72Cr

Gross Margin

—

Market Cap

—Pending Data

Issue Size

The total amount of money the company is trying to raise from the public through this IPO.

₹4999.92Cr

Industry

Infrastructure Investment Trust (InvIT)

P/E Ratio

—Pending Data

Return on Equity

Return on Equity. Shows how efficiently the company generates profit using the shareholders' money.

2.22%Profitability

Debt to Equity

Shows how much debt the company has compared to its own funds. >1 means more debt than equity.

1.81xLeverage

Risk Breakdown

Governance

Moderate

Financial

Moderate

Valuation

Expensive

Competition

Expensive

Dilution

High Risk

Promoter / Mgmt

Moderate

AI Summary

Cube Highways Trust is a SEBI-registered infrastructure investment trust (InvIT) operating a portfolio of 26 operational road assets across 12 states and 1 Union Territory in India. Sponsored by Cube Highways and Infrastructure V Pte. Ltd., Cube Highways Trust manages a mix of toll and annuity road concessions covering over 8,441 lane kilometres. Financial performance shows substantial revenue growth to ₹4,238.88 Cr in FY26 alongside a turnaround to profitability with a net profit of ₹216.72 Cr. However, as the ₹5,000 Cr public offer is entirely an Offer for Sale, no fresh capital will be injected into Cube Highways Trust to reduce its debt-to-equity leverage of 1.81x.

Overall Verdict: Cube Highways Trust presents a large, credit-rated AAA road infrastructure portfolio with strong revenue expansion and high EBITDA margins, though the issue is 100% Offer for Sale with a recent history of net losses.

Key Highlights

•Operates 26 road assets covering 8,441 lane kilometres across 12 Indian states and 1 Union Territory.
•Balanced revenue streams generated from both Toll and Hybrid Annuity Model (HAM) concession agreements.
•Credit rating profile rated AAA/Stable for long-term borrowings by CRISIL, ICRA, and India Ratings.
•Annual revenue increased to ₹4,238.88 Cr in FY26 from ₹3,307.14 Cr in FY25.
•EBITDA reached ₹3,234.54 Cr in FY26, representing a strong 76.31% EBITDA margin.
•Successfully turned profitable in FY26 with a PAT of ₹216.72 Cr after losses in FY24 and FY25.
•The ₹5,000 Cr issue is 100% Offer for Sale by selling unitholders with no primary growth capital raised for the trust.

Financial Performance

Revenue (Annual)
Total money brought in by the company's operations before deducting any expenses.

↑ +28.2% YoY

INR in Crores

Net Income (Annual)
The company's total profit after all expenses, taxes, and costs have been deducted.

↑ +706.7% YoY

INR in Crores

EBITDA vs PAT
Earnings Before Interest, Taxes, Depreciation, and Amortization. Shows pure operating performance.

↑ +35.9% YoY

INR in Crores

EBITDA

PAT

Listing Timeline

IPO Opens2026-07-22

IPO Closes2026-07-24

Basis of Allotment2026-07-29

Refunds & Demat2026-07-26

Listing Date2026-07-31

Valuation Analysis

Issue Price₹151 - ₹152

Estimated Fair Value

The theoretical true worth of the company based on its financial performance and peers.

Pending Data

Valuation Premium

How much more expensive this IPO is compared to its estimated fair value or its industry peers.

Pending

vs Fair Value

Stock DNA

Growth

Evaluates the company's historical and projected revenue and profit expansion.

Governance

Assesses the quality, transparency, and track record of the company's management team.

Profitability

Measures how effectively the company turns its sales into actual profit.

Valuation

Analyzes whether the IPO price is cheap, fair, or expensive compared to peers.

Competition

Evaluates the company's market share, moats, and competitive threats in its industry.

Execution

Assesses the company's ability to successfully utilize IPO proceeds and deliver on its promises.

Pros vs Cons

Pros

Large and geographically diversified portfolio of 26 operational highway assets across 12 states.
Robust operating cash generation with EBITDA margin standing at 76.31% in FY26.
Strong institutional sponsor backing and credit rating of AAA/Stable from CRISIL, ICRA, and India Ratings.

Cons

Issue is 100% Offer For Sale (₹5,000 Cr), meaning zero proceeds will go to Cube Highways Trust for debt reduction or expansion.
Net loss history recorded in FY24 (-₹705.92 Cr) and FY25 (-₹35.72 Cr) prior to FY26 turnaround.
High financial leverage with a Debt-to-Equity ratio of 1.81x.

Financial Health

Revenue Growth

The year-over-year percentage increase in the company's total sales.

28.17% YoY (FY26) (Good)

Debt Level

An assessment of whether the company's borrowing is manageable or risky.

Debt-to-Equity ratio of 1.81x (Moderate)

Cash & Equivalents

How much liquid cash the company has on hand to fund daily operations.

Undisclosed (Moderate)

Institutional Signals

Anchor Investors

Large institutional investors who buy shares before the IPO opens to the public, signaling confidence.

Undisclosed

VC Backing Tier

Whether renowned Venture Capital or Private Equity firms have invested in the company.

Institutional Sponsor Backed (Cube Highways and Infrastructure V Pte. Ltd.)

Strategic Partners

Key business alliances that give the company a competitive edge.

Tier 1 (Sponsor pipeline and ROFO asset rights)

Cube Highways Trust InvIT IPO Reddit Pulse & Sentiment

Real-time Reddit discussions & retail sentiment

No Public Data Available

We couldn't find any significant public discussions or retail sentiment threads for this IPO at the moment.

Disclaimer: These are raw community discussions aggregated from public forums. The AI summary and Reddit comments do not constitute financial advice. Always conduct your own independent research.

Cube Highways Trust InvIT Stock — Frequently Asked Questions

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Market Terminology Explained

Confused by terms like GMP, Kostak, or Subject to Sauda? Read our detailed guides in the IPO Glossary to understand the terminology before you invest.

Grey Market Premium (GMP)Subject to Sauda ASBA Offer for Sale (OFS)

View Full Glossary

Source Citation: All financial data and risk metrics are derived from the official prospectus filed with the regulator (SEBI DRHP/RHP). ViewIPO algorithms process this public data for informational purposes. Not financial advice.

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Frequently Asked Questions about Cube Highways Trust InvIT

What is the expected listing price of Cube Highways Trust InvIT?

The expected listing price depends on the live Grey Market Premium. Check the live GMP and expected listing price for Cube Highways Trust InvIT on our Live GMP Tracker.

Cube Highways Trust InvIT Share Price & Stock Analysis

Quick Answers

Key Stock Information

ViewIPO AI Analysis Score

Frequently Asked Questions

What is the total issue size of the Cube Highways Trust InvIT IPO?

How much fresh equity is being raised by Cube Highways Trust?

What is the asset portfolio of Cube Highways Trust?

What are the key financial performance trends of Cube Highways Trust?

What is the credit rating of Cube Highways Trust's debt facilities?

When are the key bidding and listing dates for the IPO?

Cube Highways Trust InvITNSE / BSE:

Is Cube Highways Trust InvIT a Good Stock? Quick Verdict

Quick Verdict

Company Snapshot

Risk Breakdown

AI Summary

Key Highlights

Financial Performance

Revenue (Annual) Total money brought in by the company's operations before deducting any expenses.

Net Income (Annual) The company's total profit after all expenses, taxes, and costs have been deducted.

EBITDA vs PAT Earnings Before Interest, Taxes, Depreciation, and Amortization. Shows pure operating performance.

Listing Timeline

Valuation Analysis

Stock DNA

Pros vs Cons

Pros

Cons

Financial Health

Institutional Signals

Cube Highways Trust InvIT IPO Reddit Pulse & Sentiment

No Public Data Available

Cube Highways Trust InvIT Stock — Frequently Asked Questions

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Frequently Asked Questions about Cube Highways Trust InvIT

Is Cube Highways Trust InvIT stock good for long term?

What is the lot size of Cube Highways Trust InvIT stock?

What is the expected listing price of Cube Highways Trust InvIT?

Revenue (Annual)
Total money brought in by the company's operations before deducting any expenses.

Net Income (Annual)
The company's total profit after all expenses, taxes, and costs have been deducted.

EBITDA vs PAT
Earnings Before Interest, Taxes, Depreciation, and Amortization. Shows pure operating performance.