India's is set for a busy week with two major Initial Public Offerings (IPOs) opening for subscription: Cube Highways Trust InvIT and Xtranet Technologies. Cube Highways is raising ₹5,000 crore, while Xtranet aims for ₹166.80 crore.
₹5,000 crore
Cube Highways IPO Size
⏳ Time Machine
How today’s news fits into the bigger picture
August 2014
SEBI Approves REITs and InvITs
SEBI introduced regulations for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), paving the way for public listing of asset-backed trusts to raise capital for real estate and infrastructure projects.
April 2023
Cube Highways Trust Begins Private Listing
Cube Highways Trust was initially listed privately, raising over ₹5,200 crore through a private placement at an offer price of ₹100 per unit. This established its initial investor base.
March 2026
Xtranet Tech Financial Growth
Xtranet Technologies reported a 32% increase in total income to ₹366.01 crore and a 36% rise in profit after tax to ₹40.73 crore for FY26, showcasing strong financial momentum leading up to its IPO.
July 15, 2026
Cube Highways Sets Price Band
Cube Highways Trust announced its IPO price band at ₹151-152 per unit, indicating the valuation at which it aims to attract public investors for its ₹5,000 crore offering.
July 18, 2026
Xtranet Tech IPO Details Finalized
Xtranet Technologies announced its IPO details, including a price band of ₹120-127 per share for its ₹166.80 crore fresh issue, with subscription opening on July 23.
Today
Cube Highways Trust InvIT and Xtranet Technologies IPOs were announced to open next week.
What happens next?
Cube Highways will open on July 22, and Xtranet Technologies on July 23, with listings expected around July 29-30.
The upcoming week will see a flurry of activity in India's primary market, with Cube Highways Trust InvIT opening on July 22 and Xtranet Technologies IPO on July 23. Cube Highways Trust, an infrastructure investment trust, is seeking to raise **₹5,000 crore** through an Offer For Sale (OFS), with units priced at ₹151-152. Meanwhile, Xtranet Technologies, an IT solutions provider, plans to raise **₹166.80 crore** via a fresh issue of shares, with its price band set at ₹120-127 per share. These offerings highlight continued investor appetite for both infrastructure assets and technology services in India.
💭 If you're wondering…
In an Offer For Sale (OFS), existing shareholders sell their shares, and the company does not receive any funds. In a Fresh Issue, the company issues new shares, and the proceeds go directly to the company for its operations or expansion.
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