IPO
InvIT Cube Highways lists on the BSE and NSE
Singapore and Noida based Cube Highways Trust ’s units have commenced trading on the National Stock Exchange and the BSE. The INR 5,000 crore IPO is entirely an Offer for Sale (OFS) of 32.89 crore units by existing unitholders, with no fresh issue component.Founded in 2015, Cube Highways Trust manages a diversified portfolio of operational highway assets across India. The entity plans to leverage its portfolio to provide stable, long-term cash flows and distributions to its expanded unitholder base.The offer for sale was subscribed over nine times, attracting participation from institutional, strategic, and retail investors.The units were listed at INR 155 per unit, representing a premium over the IPO price of INR 152. The units reached a high of INR 158.40 before concluding the session at INR 156.88 on the BSE, while closing at INR 156.96 on the NSE.
For FY25, Cube Highways Trust had reported about INR 28 Cr in Operating Income and about INR 5 Cr in PAT.
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