Cube Highways Trust InvIT and Indo MIM IPOs Lead High-Profile Public Issues Opening This Week

Cube Highways Trust InvIT and Indo MIM IPOs Lead High-Profile Public Issues Opening This Week​

The upcoming week promises to be highly active in capital markets, headlined by the debut of a significant infrastructure investment trust and multiple technology firm IPOs. Four major public issues are set to open for subscription, ranging from real estate infrastructure investment trusts (InvIT) to specialized technology manufacturing and IT solutions providers.

Cube Highways Trust InvIT Details and Transition​

Cube Highways Trust is slated to launch its Rs 5,000-crore InvIT public issue on July 22 and close the subscription process on July 24. The price band for this crucial listing has been fixed at Rs 151-152 per unit. Anchor investor bidding for the trust will occur on July 21.

This offering represents a 100 per cent book-built offer for sale, signifying a major transitional phase for the trust. It transitions from being a privately listed InvIT to becoming a fully publicly traded platform. Prior to this public debut, Cube Highways Trust had successfully raised Rs 1,250 crore from strategic investors through unit subscription agreements.

IPOs of Indo MIM, Lohia Corp and Xtranet Technologies​

Three other diverse companies are set to launch their maiden public offerings (IPOs) on July 23, with the subscription period closing on July 27. Anchor investor bidding for these three mainboard issues is scheduled for July 22. These IPOs cater to different industrial sectors, demonstrating the breadth of activity in the market.

Precision engineering components maker Indo MIM has an IPO expected to exceed Rs 3,500 crore. This offering includes a fresh issue of shares worth Rs 500 crore and an offer for sale (OFS) of up to 6.82 crore shares by existing shareholders. The funds raised from the fresh issue will be utilized for repaying borrowings, with the remaining amount designated for general corporate purposes.

Specialized Offerings: Lohia Corp and Xtranet Technologies​

Lohia Corp is manufacturing specialized machinery and equipment designed for technical textiles. Its IPO is solely an offer for sale (OFS), involving up to 2.59 crore equity shares, meaning the company will not receive any proceeds from this public issue. These companies serve various industrial needs across global markets.

Xtranet Technologies, an IT services and solutions provider founded in 2002, is offering a Rs 170-crore fresh issue without an Offer for Sale (OFS) component. The funds raised by Xtranet will be strategically utilized for debt repayment, the purchase of necessary systems and hardware, meeting working capital requirements, and general corporate purposes.

Market Activity Snapshot​

The market is seeing consistent activity across various sectors. While four public issues are set to launch next week, the market remains active with other listings underway. As of the reporting period, 32 companies have already launched their maiden public offerings in 2026. The IPO for Caliber Mining & Logistics is currently open for subscription.