Cube Highways InvIT IPO Subscribes 1.67x, Closes Today

The Cube Highways Trust InvIT IPO, priced between ₹151-₹152 per unit, closes today, July 24. The issue has seen strong demand, subscribed 1.67 times by its third day. The InvIT had already raised ₹1,687.5 crore from anchor investors.

The Cube Highways Trust InvIT IPO, priced between ₹151-₹152 per unit, closes today, July 24. The issue has seen strong demand, subscribed 1.67 times by its third day. The InvIT had already raised ₹1,687.5 crore from anchor investors.

The initial public offering (IPO) of Cube Highways Trust InvIT, a infrastructure investment trust focused on roads, is set to close today, July 24. The issue, which opened on July 22, has garnered significant investor interest, reaching a subscription level of 1.67 times by the end of its third day.

The price band for the InvIT units is fixed at ₹151 to ₹152 per unit. Prior to the public offering, Cube Highways Trust successfully raised ₹1,687.5 crore from anchor investors. This group included several prominent mutual funds and institutional investors, indicating strong confidence in the InvIT's assets and future prospects.

Investors interested in participating in the IPO must submit their applications before the closing deadline today. The listing of the units on the stock exchanges is anticipated on July 29.

Cube Highways Trust owns a portfolio of toll roads across India. Infrastructure Investment Trusts (InvITs) are instruments that allow investors to indirectly invest in infrastructure assets, offering potential for stable income through toll collections and asset appreciation.

This is an informational update and not investment advice.