Cube Highways Trust (CUBEINVIT)

Cube Highways Trust was established on December 7, 2021 as an Infrastructure Investment Trust registered and sponsored by Cube Highways and Infrastructure Pte. Ltd and Cube Highways and Infrastructure III Pte. Ltd. Aimed at acquiring and operating road assets in India, the Trust acquired 100% of the issued and paid-up equity share capital in each of the Project SPVs of the Initial Portfolio Assets, except for Mahua Bharatpur Expressways Limited in which it acquired 99.97%. The Trust developed an asset management and maintenance strategy to reduce life-cycle maintenance costs. It has made an Initial Offer of 522582727 Ordinary Units through a private placement, aggregating to Rs 5225.8 Crore, comprising 380259172 Ordinary Units aggregating to Rs 3802.6 Crore through Fresh Issue and 142323555 Ordinary Units aggregating to Rs 1423.2 Crore through Offer For Sale. Cube Highways Trust set out with the aim to utilize the Public-Private Partnership (PPP) model to operate and manage highway projects in terms with the Central and State Governments of India. Backed by an investor base including ISQ Asia Aggregator Pte. Ltd, Platinum Rock B 2014 RSC, and Japan Highways International B.V, the Trust has purchased 18 road assets measuring 1423.6 kilometers located across 11 states in the country.

Share Price: ₹100.00 per share as on 18 May, 2024 04:01 PM
Market Capitalisation: ₹12,903.46Cr as of today
Revenue: ₹753.39Cr as on December 2023 (Q4 23)
Net Profit: ₹-14.27Cr as on December 2023 (Q4 23)
Listing date: 19 Apr, 2023