The Cube Highways Trust InvIT initial public offering has concluded with a final oversubscription of 9.35 times, marking a sharp reversal from the tepid interest that characterized the early days of the subscription window.
The allotment process is set to be finalized on Wednesday, July 29, providing clarity for investors who applied during the offer period.
The infrastructure investment trust, which established a price band of ₹151 to ₹152 per unit, valued the public issue at ₹5,000 crore ($600 million).
The infrastructure investment trust, which established a price band of ₹151 to ₹152 per unit, valued the public issue at ₹5,000 crore ($600 million).
The final subscription figure suggests that institutional and retail appetite solidified as the offer progressed, overcoming the initial sluggishness that saw the issue stand at just 3% subscribed on its second day.
Investors who were not allotted units can expect refunds to be processed on July 30.
Successful applicants will be able to check their allotment status through the designated registrar portals following the finalization on Wednesday.