Cube Highways Trust

Minimum Investments

₹14,345

Price Range

₹151 - ₹152

Issue Size

₹5,000.00 Cr

Lot Size

95shares

Proceeds of this IPO to be used for

The object of the offer is for conversion of the trust from a privately listed infrastructure investment trust to a publicly listed infrastructure investment trust through an offer for sale aggregating up to Rs 5,000 crore

Strengths & Weaknesses

Diversified portfolio

The company operates a geographically diversified portfolio of 26 toll road and annuity assets across 12 states and one union territory, covering major national highway corridors. Its diversified traffic mix across industrial, freight, and passenger routes provides stable revenue and reduces concentration risk

Differentiated & proven M&A capabilities

The company has a strong track record of acquiring and integrating road assets, expanding its portfolio significantly since its listing in 2023. Its acquisitions have diversified revenue through a balanced mix of toll and annuity assets while strengthening its presence across key infrastructure corridors

Strong construction capabilities

The company follows a disciplined acquisition strategy focused on mature road assets with proven performance, long concession periods, and stable cash flows. Its diversified portfolio and rigorous due diligence process support long-term returns, operational efficiency, and effective risk management

Cost overruns risks

The company may acquire infrastructure projects under construction, exposing it to risks such as regulatory delays, cost overruns, labour shortages, and project execution challenges. Any significant delays or disruptions could increase costs, postpone revenue generation, and adversely affect its financial performance and future growth

Regulatory risks

The company must comply with evolving environmental, health, and safety regulations for its road assets and operations. Any failure to meet these requirements or changes in regulatory standards could increase compliance costs, disrupt operations, and adversely affect its financial performance

Land acquisition risks

The company depends on concessioning authorities for land acquisition, right of way, and utility shifting required for its road projects. Any delays or disputes in these activities could disrupt project execution, increase costs, reduce revenues, and adversely affect its financial performance

Financials

Income Statement

Also called a profit and loss statement, an income statement shows a company’s income, expenses, and how much profit or loss it has made over a specific accounting period. It provides a clear view of how well the business is running.

Particulars (in Cr)	Dec 2025	Q/Q Change
Operating Revenue	775.72	+24.62%
Other Income	3.35	-23.17%
Total Income	779.07	+24.29%
Total Expenditure	58.17	+197.85%
EBIDT	616.82	+1.57%
Depreciation	0.00	-
Interest	351.13	-0.63%
Tax	0.58	-68.82%
Net Profit	265.11	+5.17%

Balance Sheet

A balance sheet is a financial statement that details a company’s assets, liabilities, and shareholders’ equity at a given time. It helps assess how financially strong and stable the company is.

Particulars (in Cr)	Mar 2025
Total Current Assets	980.79
Total Non-Current Assets	27,643.47
Fixed assets	0.12
Total Assets	28,624.25
Total Current liabilities	572.61
Total Non Current Liabilities	14,525.35
Total Equity Plus Liabilities	28,624.25
Total Shareholder Funds	13,526.30
Total Debt to Equity	111.00%

Cash Flow

Cash flow highlights the cash or cash equivalents moving in and out of a company during a particular period. It provides a clear picture of how well a company manages its cash by tracking its operating, investing and financing activities.

Particulars (in Cr)	Mar 2025
Cash from Operating Activity	-62.82
Cash from Financing Activities	1,913.22
Cash from Investing Activities	-1,834.02
Net Cash Flow	16.39

About the Company

Cube Highways Trust was incorporated on December 7, 2021. The company is sponsored by Cube Highways and Infrastructure V Pte. Ltd., an experienced infrastructure investor with a strong track record in acquiring, operating, and managing mature road assets across India. The sponsor's expertise supports the company's operational strength and long-term growth

FAQs for Cube Highways Trust IPO

Cube Highways Trust IPO refers to the initial public offering of shares by Cube Highways Trust. It is a process by which the company offers its shares to the public for the first time, allowing individuals to become shareholders.

For Cube Highways Trust IPO the issue size is ₹5,000 Cr. The issue size is the total value of the shares offered to the public. It represents the amount the company aims to raise through the IPO.

For Cube Highways Trust IPO the minimum investment is ₹14.3 K. The minimum investment for Cube Highways Trust IPO is the smallest amount an individual can invest to participate in the offering. It is usually determined by the company and regulatory requirements.

For Cube Highways Trust IPO the lot size is 95 shares. The lot size of Cube Highways Trust IPO refers to the number of shares that investors need to bid for and purchase in a single transaction. It is predetermined by the company and regulators.

To apply for Cube Highways Trust IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Cube Highways Trust IPO from the list and click on apply now. Place your bids or choose the Cut-off Price option. Enter your UPI ID and set up your mandate to place your application.

Yes, investors can often pre-apply for some of the IPOs. Pre-application allows individuals to express their interest in participating in the IPO before the official subscription period begins. To pre- apply for Cube Highways Trust IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Cube Highways Trust IPO from the list and click on pre-apply now. Once the IPO opens for subscription you can enter your UPI ID and set up your mandate to place your application.

The IPO application window typically remains open for 3 days, starting from the date of the IPO opening. However, this duration can vary depending on the specific IPO and the regulatory requirements.

You can apply for the IPO till 3 PM on the last day of application on Share.Market.

For Cube Highways Trust IPO the allotment date is 27 Jul 2026. The allotment date of Cube Highways Trust IPO is the date on which shares are allocated to the successful bidders. It marks the distribution of shares to investors.

For Cube Highways Trust IPO, the subscription opens on 22 Jul 2026 and closes on 24 Jul 2026. The open and close dates of an IPO indicate the period during which investors can submit their bids to participate in the offering.