The ₹5,000 crore public issue of Cube Highways Trust InvIT reached a 3% overall subscription on its second day of bidding on July 23, 2026, driven primarily by interest from non-institutional investors. The book-built offer remains open for public subscription until July 24, 2026, with a fixed price band of ₹151 to ₹152 per unit.At a GlanceDay 2 Subscription: The issue was subscribed 0.03x (3%) overall as of Day 2, led by Non-Institutional Investors (NIIs) at 0.05x.Grey Market Premium (GMP): Currently trading flat at ₹0 (0.00%), signaling listing expectations at the cap price of ₹152 per unit.Brokerage Ratings: Leading brokerages including Sushil Finance, SMIFS, and Marwadi Shares & Finance have assigned a "Subscribe" rating for long-term income investors.Issue Structure: Entirely an Offer for Sale (OFS) of 32.89 crore units by existing unitholders.Also Read :- Eternal Q1 Results: Profit Jumps 268% YoY to ₹92 Crore, NOV Revenue Jumps 54%Cube Highways Trust InvIT IPO: Key Metrics & TimelineSponsor-backed by Cube Highways and Infrastructure V Pte. Ltd., the Infrastructure Investment Trust holds a operational portfolio of 27 highway assets spanning 8,754 lane kilometers across 12 Indian states and 1 union territory.Below is an overview of the key issue details and tentative post-bidding schedule:Metric / ParameterDetailsIssue PeriodJuly 22, 2026 – July 24, 2026Price Band₹151 to ₹152 per unitTotal Issue Size₹5,000 Crore (32,89,47,368 Units - 100% OFS)Lot Size & Min Investment95 Units (₹14,440 at upper band)Day 2 Subscription Rate0.03x (3%)Current Grey Market Premium₹0 (0.00% expected gain)Anchor Book Proceeds₹1,687.50 Crore raised (59 institutional investors)Expected Allotment DateJuly 27, 2026Tentative Listing DateJuly 29, 2026 (BSE & NSE)Registrar to IssueKFin Technologies LimitedGrey Market Premium (GMP) & Market SentimentAs of July 23, 2026, market trackers report that the Grey Market Premium (GMP) for Cube Highways Trust InvIT stands at ₹0 per unit.At the upper price band of ₹152, an estimated listing price of ₹152 reflects zero premium in the unlisted market. Analysts note that InvIT instruments are designed primarily for stable distribution yields rather than short-term listing gains, which explains the flat grey market movement ahead of listing.Also Read :- Coal India Sets Board Meeting to Consider Final Dividend for FY26; Record Date AnnouncedBrokerage Reviews & Financial PerformanceThe InvIT delivered strong growth in FY26, posting a total income of ₹2,922.09 crore, up 38.7% from ₹2,106.32 crore in FY25. Profit After Tax (PAT) grew 42.3% to ₹1,422.89 crore compared to ₹999.57 crore in the previous fiscal year.Prominent research analyst firms have maintained a positive outlook:Sushil Financial Services: Assigned a "Subscribe" rating for long-term investors, citing a high-quality road asset mix, strong institutional sponsors, and consistent distribution prospects.SMIFS: Recommended "Subscribe", noting the trust’s scale, geographic diversification across toll and annuity roads, and an investment-grade balance sheet.Marwadi Shares & Finance: Issued a "Subscribe" view, highlighting an estimated fair enterprise value of ₹36,842 crore as of March 31, 2026.How to Apply & Check Allotment StatusRetail and High Net Worth Investors (HNIs) can apply for the public issue through standard ASBA banking facilities or supported broker applications before bidding closes on July 24, 2026.Step 1: Submitting Your Bid via ASBA / Broker AppLog into your net banking or trading application (e.g., Zerodha, Groww, Kotak Neo).Navigate to the IPO / InvIT section and select Cube Highways Trust InvIT.Enter the quantity in multiples of the minimum lot size (95 units) and specify your bid price (cut-off or ₹152).Approve the mandate request on your registered UPI application or submit via Net Banking ASBA.Step 2: Checking Allotment Status (Post-Finalization)Once the allotment is finalized on July 27, 2026, investors can verify their application status on the official registrar portal:Visit the KFin Technologies IPO Status page (ipostatus.kfintech.com).Select "Cube Highways Trust InvIT" from the company drop-down menu.Select identification type: PAN, Application Number, or DP Client ID.Enter your details, complete the security check, and click Submit.To evaluate the broader market analysis and strategic portfolio overview of this offer, you can watch this Cube Highways Trust InvIT IPO Analysis.This video provides a helpful breakdown of the ₹5,000 crore issue structure, revenue mix, and whether long-term income investors should apply.Also Read :- Gulf Lloyds IPO Allotment Expected Today: GMP Trends, Registrar Link & Status CheckDisclaimer: This article is published for informational and educational purposes only and should not be construed as financial, investment, or trading advice. The views, opinions, estimates, and recommendations, if any, are those of the respective analysts, experts, or brokerage firms cited and do not necessarily reflect the views of Bumppy News. Readers are advised to conduct their own research and consult a SEBI-registered financial advisor or other qualified professional before making any investment or financial decisions. Investments in securities and financial markets are subject to market risks.
