Seven initial public offerings are set to open for bidding in India next week, with Cube Highways Trust leading a significant wave of primary market activity.
The infrastructure investment trust (InvIT) is launching a ₹5,000 crore ($600 million) offer for sale, marking one of the largest deals in the upcoming batch.
The trust has established a price band of ₹151 to ₹152 per unit, aiming to broaden its investor base and enhance liquidity in the infrastructure sector.
Alongside Cube Highways, the calendar includes listings for Xtranet Technologies, Lohia Corp, and Indo-MIM.
The concentration of issues in a single week tests market appetite and underwriting capacity, particularly for smaller-cap names competing for capital against the headline infrastructure deal.
Traders will monitor subscription levels closely to gauge sentiment in the current risk environment.
The Cube Highways offering is structured entirely as an offer for sale, meaning existing shareholders are divesting stakes rather than the trust raising fresh capital.