Bookbuilding IPO | ₹75 Cr | Listed at NSE SME | Mon, Sep 29, 2025 - Wed, Oct 1, 2025
Suba Hotels IPO is a book build issue of ₹75.47 crores. The issue is entirely a fresh issue of 0.68 crore shares of ₹75.47 crore.
Suba Hotels IPO bidding started from Sep 29, 2025 and ended on Oct 1, 2025. The allotment for Suba Hotels IPO was finalized on Oct 3, 2025. The shares got listed on NSE SME on Oct 7, 2025.
Suba Hotels IPO price band is set at ₹111 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,66,400 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,99,600.
Unistone Capital Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is NNM Securities Pvt.Ltd..
Refer to Suba Hotels IPO RHP for detailed Information.
IPO Open
Mon, Sep 29, 2025
IPO Close
Wed, Oct 1, 2025
Issue Price
₹111 per share
Market Cap (Pre-IPO)
₹269.09 Cr
| IPO Date | 29 Sep to 1 Oct, 2025 |
| Listed on | Tue, Oct 7, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹105 to ₹111 |
| Issue Price | ₹111 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 67,99,200 shares (agg. up to ₹75 Cr) |
| Reserved for Market Maker | 3,40,800 shares NNM Securities Pvt.Ltd. (agg. up to ₹4 Cr) |
| Fresh Issue (Ex Market Maker) | 64,58,400 shares (agg. up to ₹72 Cr) |
| Net Offered to Public | 64,58,400 shares (agg. up to ₹72 Cr) |
| Share Holding Pre Issue | 1,74,43,316 shares |
| Share Holding Post Issue | 2,42,42,516 shares |
| NSE Symbol | SUBAHOTELS |
| ISIN | INE0RYR01018 |
Suba Hotels IPO comprises a total issue size of 67,99,200 shares. The net offer to the public is 64,58,400 shares, after excluding 3,40,800 shares allotted on a firm basis. Of the Net offer 32,13,600 (49.76%) are allocated to QIB, 9,72,000 (15.05%) allocated to NII 22,72,800 (35.19%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 32,13,600 | 49.76% | 47.26% |
| − Anchor Investor Shares Offered | 19,17,600 | 28.20% | |
| − QIB (Ex. Anchor) Shares Offered | 12,96,000 | 19.06% | |
| NII (HNI) Shares Offered | 9,72,000 | 15.05% | 14.30% |
| − bNII > ₹10L | 6,48,000 | 9.53% | |
| − sNII < ₹10L | 3,24,000 | 4.77% | |
| Retail Shares Offered | 22,72,800 | 35.19% | 33.43% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,40,800 | 5.01% | |
| Total Shares Offered | 67,99,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,66,400 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,66,400 |
| S-HNI (Min) | 3 | 3,600 | ₹3,99,600 |
| S-HNI (Max) | 7 | 8,400 | ₹9,32,400 |
| B-HNI (Min) | 8 | 9,600 | ₹10,65,600 |
Suba Hotels IPO raises ₹21.29 crore from anchor investors. Suba Hotels IPO Anchor bid date is September 26, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Sep 26, 2025 |
| Shares Offered | 19,17,600 |
| Anchor Portion (₹ Cr.) | 21.29 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Nov 1, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Dec 31, 2025 |
Established in October 1997, Suba Hotels Limited is a domestic hotel chain in the mid-market sector with 88 operational hotels.
As of July 2025, the group manages 88 operational hotels comprising 4,096 keys across 50 cities, predominantly in tier 2 and 3 cities. Additionally, 40 hotels are in the pre-opening phase, adding 1831 rooms to its portfolio.
The company operates in the mid-market hotel sector, including upscale, upper-midscale, midscale, and economy brands, both domestic and international.
As of July 31, 2025, the company operates five owned hotels with 227 rooms, 19 managed hotels with 156,551 rooms, 14 revenue share & lease hotels with 823 rooms, and 48 franchised hotels with 2,469 rooms.
The company owns hotels in Ahmedabad, Bhuj, Junagadh, Vadodara (Gujarat) and Pithampur (Madhya Pradesh).
Competitive Strength:
Suba Hotels Ltd.'s revenue increased by 51% and profit after tax (PAT) rose by 69% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 123.04 | 100.07 | 85.23 |
| Total Income | 79.98 | 53.00 | 35.20 |
| Profit After Tax | 15.15 | 8.96 | 2.78 |
| EBITDA | 23.27 | 8.75 | 13.87 |
| NET Worth | 47.61 | 32.33 | 23.46 |
| Reserves and Surplus | 30.17 | 27.57 | 18.70 |
| Total Borrowing | 50.23 | 45.73 | 46.09 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure Requirements towards upgradation and last-mile funding of hotel premises | 53.48 |
| 2 | General Corporate Purposes | 14.52 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 31.82% |
| ROCE | 35.55% |
| Debt/Equity | 1.06 |
| RoNW | 31.82% |
| PAT Margin | 18.94% |
| EBITDA Margin | 29.09% |
| Price to Book Value | 4.07 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.69 | 6.25 |
| P/E (x) | 12.78 | 17.76 |
| Promoter Holding | 84.69% | 60.93% |
| Market Cap | ₹269.09 Cr. |
The Suba Hotels IPO is subscribed 15.33 times on October 1, 2025 6:19:12 PM (Day 3). The public issue subscribed 9.07 times in the individual investors category, 20.98 times in the QIB category, and 22.41 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 20.98 | 12,96,000 | 2,71,94,400 | 27 |
| NII* | 22.41 | 9,72,000 | 2,17,84,800 | 2,664 |
| bNII (bids above ₹10L) | 27.28 | 6,48,000 | 1,76,77,200 | |
| sNII (bids below ₹10L) | 12.68 | 3,24,000 | 41,07,600 | |
| Individual Investor | 9.07 | 22,72,800 | 2,06,16,000 | 8,590 |
| Total | 15.33 | 45,40,800 | 6,95,95,200 | 11,281 |
Total Application : 11,281
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager’s fees | 1.50 |
| 2 | Selling, Marketing and Underwriting Fees | 5.27 |
| 3 | Fees payable to Market Maker to the Offer | 0.10 |
| 4 | Fees payable to Registrar to the Offer | 0.02 |
| 5 | Fees payable for Advertising and Publishing expenses | 0.20 |
| 6 | Fees payable to Regulators including Stock Exchanges & Depositories | 0.10 |
| 7 | Payment for Printing & Stationery, Postage, etc. | 0.03 |
| 8 | Fees payable to Statutory Auditor, Legal Advisors and other Professionals | 0.15 |
| 9 | Others | 0.10 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹111.00 |
| Open | ₹154.20 |
| Low | ₹154.20 |
| High | ₹161.90 |
| Last Trade | ₹161.90 |
Lead Manager Reports
Suba Hotels IPO is a SME IPO of 67,99,200 equity shares of the face value of ₹10 aggregating up to ₹75 Crores. The issue is priced at ₹111 per share. The minimum order quantity is 1200.
The IPO opens on Mon, Sep 29, 2025, and closes on Wed, Oct 1, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Suba Hotels IPO using UPI as a payment gateway. Zerodha customers can apply in Suba Hotels IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Suba Hotels IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Suba Hotels IPO opens on Mon, Sep 29, 2025 and closes on Wed, Oct 1, 2025.
Suba Hotels IPO lot size is 1200, and the minimum amount required for application is ₹2,66,400, with 2 lots being the minimum application size.
You can apply in Suba Hotels IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Suba Hotels IPO will be done on Friday, October 3, 2025, and the allotted shares will be credited to your demat account by Mon, Oct 6, 2025. Check the Suba Hotels IPO allotment status.
The Suba Hotels IPO listing date is on Tue, Oct 7, 2025.
