Cube Highways Trust is preparing to launch a ₹5,000-crore ($600 million) initial public offering this month, structured entirely as an offer for sale.
The move is designed to broaden the trust's investor base and enhance liquidity for existing stakeholders, according to people familiar with the matter.
The offering comes as India's primary equity markets show signs of renewed activity.
Investment bankers are currently preparing roadshows for at least five to six private equity-backed companies, signaling a thaw in the domestic IPO pipeline after a period of subdued issuance.
Cube Highways Trust joins a growing list of infrastructure and logistics entities seeking public market access.
Unlike traditional IPOs that raise fresh capital for the company, an offer for sale allows existing shareholders to exit or reduce their positions.