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Cube Highways Trust InvIT IPO allotment to be finalised on July 29

The offering was subscribed 9.35 times overall, and shares are expected to land in investors' demat accounts by August 3.

Reported · Written up by our desk · Emerging Markets

Cube Highways Trust InvIT’s IPO share allotment is set to be finalized on Wednesday, July 29, with allotted shares expected to be credited to investors’ demat accounts by August 3, according to LiveMint Markets.

The subscription came in at 9.35 times based on NSE data on the third bidding day, with institutional investors subscribed 13.20 times and the other investors’ portion subscribed 4.74 times.

The IPO price band was ₹151 to ₹152 per unit, and the grey market premium was reported at +1.75, implying an estimated listing price of about ₹153.75, or roughly 1.15% above the IPO price of ₹152.

For applicants not receiving shares, the refund process will begin on Thursday, July 30, while those allocated shares will receive them in their demat accounts the same day; the listing date is scheduled for Monday, August 3.

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