Cube Highways Trust InvIT IPO Subscribed 9.35 Times on Day 3 Led by Strong QIB Demand

Cube Highways Trust InvIT IPO received strong demand on the final bidding day, with the issue subscribed 9.35 times by 6:54 PM on Day 3, July 24, 2026. The issue received bids for 1,27,77,54,655 units against 13,65,89,480 units on offer. Qualified Institutional Buyers, excluding anchor investors, led the demand with a subscription of 13.20 times, while Non-Institutional Investors subscribed 4.74 times. 

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Subscription Cube Highways Trust InvIT IPO

Here are the subscription details for Cube Highways Trust InvIT IPO Day 3, as of 6:54 PM:

Key Highlights – Day 3

• Overall subscription surged to 9.35 times on Day 3, compared with 0.24 times on Day 2.
• Qualified Institutional Buyers, excluding anchor investors, subscribed their reserved portion 13.20 times, bidding for 98.32 crore units worth approximately ₹14,944.92 crore.
• Non-Institutional Investors subscribed their portion 4.74 times, placing bids for 29.45 crore units valued at approximately ₹4,476.95 crore.
• Anchor investors remained fully subscribed, with 11.10 crore units allocated before the issue opened.
• Overall, investors bid for 127.78 crore units against 13.66 crore units available in the public issue, taking the total bid value to approximately ₹19,421.87 crore.

Key Highlights – Day 2

• Overall subscription improved to 0.24 times on Day 2 (July 23, 2026), reflecting a gradual increase in investor participation compared to the opening day.
• Qualified Institutional Buyers (Ex-Anchor) remained unsubscribed at 0.00 times, with only 95 units bid during the session.
• Non-Institutional Investors (NIIs) increased their subscription to 0.53 times, bidding for 3.32 crore units worth approximately ₹504.46 crore.
• Anchor investors continued to remain fully subscribed, with their allotted 11.10 crore units already committed prior to the IPO opening.
• Overall, investors bid for 3.32 crore units against 13.66 crore units available in the public issue, resulting in an overall subscription of 0.24x.

Key Highlights – Day 1

• Overall subscription stood at 0.04 times on Day 1 (July 22, 2026), indicating a muted response on the opening day of the Cube Highways Trust InvIT IPO.
• Qualified Institutional Buyers (Ex-Anchor) remained unsubscribed at 0.00 times, with no bids received during the session.
• Non-Institutional Investors (NIIs) subscribed 0.10 times, bidding for 61.21 lakh units worth approximately ₹93.05 crore.
• Anchor investors had fully subscribed their allocated portion before the issue opened, providing an initial base of institutional participation.
• Overall, investors bid for 61.21 lakh units against 13.66 crore units available in the public issue, resulting in 0.04x subscription.

About Cube Highways Trust Limited

Cube Highways Trust is an infrastructure investment trust (InvIT) that owns and operates a diversified portfolio of toll roads and highway assets across India. It generates stable cash flows through long-term concession agreements and distributes a significant portion of its earnings to unitholders. The trust focuses on acquiring, managing, and enhancing operational road assets while benefiting from India's growing transport infrastructure and increasing highway traffic volumes.