Cube Highways Trust InvIT's initial public offering (IPO), which opened on July 22 and closes on July 24, has been subscribed 1.67 times by the third day, according to livemint.com. The IPO price band was set between ₹151 and ₹152 per unit, and the trust raised ₹1,687.5 crore from anchor investors, including multiple mutual funds and institutions.
The IPO attracted strong interest from institutional investors, with anchor investors committing ₹1,687.5 crore ahead of the public subscription. The issue price band was fixed at ₹151-152 per unit, and the public subscription period is scheduled to close on July 24. The listing of Cube Highways Trust InvIT units is expected on July 29, as per the company website and market reports.
This subscription level underscores the demand for infrastructure investment trusts (InvITs) in India’s capital markets, reflecting investor appetite for stable, income-generating assets. Cube Highways Trust InvIT’s offering is part of a broader trend where infrastructure-focused investment vehicles are gaining traction among mutual funds and institutional investors, complementing other recent InvIT issuances in the sector.
The IPO’s subscription reaching 1.67 times by day three signals robust investor confidence. The listing on July 29 will provide further clarity on market reception and price performance, marking a key milestone for Cube Highways Trust InvIT and its investors.