New Delhi, July 22 -- The Cube Highways Trust InvIT IPO opens for public subscription on Wednesday, 22 July, and will close on Friday, 24 July. The Cube Highways Trust InvIT IPO price band has been fixed at Rs.151-152 per unit.

Ahead of the issue opening, Cube Highways Trust, managed by Cube Highways Fund Advisors and sponsored by Cube Highways and Infrastructure V, raised Rs.1,687.5 crore from anchor investors on 21 July. In an exchange filing, the InvIT said it allotted 11.1 crore units to 59 anchor investors at the upper end of the price band.

Of the total anchor allocation, 4.14 crore units were allotted to 12 mutual fund houses through 26 schemes. The participating fund houses included HDFC AMC, SBI Mutual Fund, Nippon India Mutual...