Cube Highways Trust (Cube InvIT) plans a ₹5,000-crore public offering later this year, with multiple reports indicating an IPO timeline in July. The trust has filed draft papers with India’s markets regulator, SEBI, as part of plans to move from a privately listed InvIT to a publicly listed entity. The proposed issue is expected to be structured entirely as an offer for sale (OFS), where existing investors sell their holdings and the trust does not directly receive new funds from the transaction.
The IPO is aimed at attracting a wider investor base and improving market trading liquidity. Cube InvIT’s portfolio includes 27 operational highway assets across 12 states and one Union Territory, covering 8,754 lane kilometres. The assets have an average concession life of about 18 years. Income is primarily linked to toll collections, with about 85% of the portfolio in toll roads and the remainder in annuity-backed assets supported by the National Highways Authority of India. Cube InvIT reports distributions of ₹13.77 per unit for FY26, alongside growth in assets under management and ongoing plans to add new highway projects.
