Cube Highways Trust, an infrastructure investment trust (InvIT), has finalized a pre-IPO funding round, pulling in Rs 1,687.5 crore from high-profile anchor investors, including Premji Invest. This development comes just days before the trust launches its broader public issue, valued at approximately Rs 5,000 crore.
The upcoming public offering, slated to open on July 22, is structured entirely as an offer for sale. By moving forward with this capital raise, the trust is positioning itself to provide institutional and retail investors with a unique gateway into India’s expanding road infrastructure sector.
Key details of the offering include:
- Total anchor commitment: Rs 1,687.5 crore
- Public issue valuation: Rs 5,000 crore
- Primary focus: Operational road networks across India
The strong response from institutional players underscores investor confidence in India’s long-term infrastructure play. By monetizing a diverse portfolio of operational toll-road assets, the InvIT aims to offer stable yield potential in a volatile macroeconomic environment.
