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Suba Hotels Ltd. IPO is a Book Build Issue
The equity shares are proposed to be listed on the NSE SME. Unistone Capital Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Suba Hotels IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,74,43,316 shares |
| Share Holding Post Issue | 2,40,13,316 shares |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Sep 23, 2024 |
| SEBI/Exchange approval received | Thu, May 8, 2025 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Established in October 1997, Suba Hotels Limited is a domestic hotel chain in the mid-market sector with 79 operational hotels.
As of July 2024, the group manages 79 operational hotels comprising 3,744 keys across 51 cities, predominantly in tier 2 and 3 locations. Additionally, 35 hotels are in the pre-opening phase, adding 1,661 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, 2024, the company operates five owned hotels with 227 rooms, 13 managed hotels with 156,551 rooms, 14 revenue share & lease hotels with 529 rooms, and 47 franchised hotels with 2,437 rooms.
The company owns hotels in Ahmedabad, Bhuj, Junagadh, Vadodara (Gujarat) and Pithampur (Madhya Pradesh). Ahmedabad and Vadodara are on freehold land, while Bhuj, Junagadh, and Pithampur are on long-term lease.
As of August 31, 2024, the sales and marketing team has 30 employees.
As of September 2024, the company had 761 employees in various departments.
Competitive Strength:
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 100.07 | 85.23 | 71.32 |
| Total Income | 53 | 35.2 | 20.24 |
| Profit After Tax | 8.96 | 2.78 | 1.43 |
| Net Worth | 32.75 | 21.62 | 18.5 |
| Reserves and Surplus | 27.57 | 18.7 | 15.92 |
| Total Borrowing | 45.92 | 46.09 | 41.98 |
| Amount in ₹ Crore | |||
| KPI | Values |
|---|---|
| ROE | 27.71% |
| ROCE | 26.80% |
| Debt/Equity | 1.41 |
| RoNW | 27.71% |
| PAT Margin | 16.90% |
The Company Suba Hotels IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Funding Capital Expenditure Requirements towards upgradation and last-mile funding of hotel premises | 600.49 |
| 2 | General Corporate Purposes |
Suba Hotels Ltd.
Hotel Suba Star, Judges Bungalow Road
Near Akash Tower
Bodakdev
Ahmedabad, Gujarat, 380015
Phone: +91-2266820707
Email: compliance@subahotels.com
Website: https://www.subahotels.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Suba Hotels IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at . The minimum order quantity is .
The Suba Hotels IPO open and close dates are not available as of now.
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 dates are not announced. Please check back again after some time.
Suba Hotels IPO lot size and the minimum order quantity is not available at this time. Please check again later.
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 [.], and the allotted shares will be credited to your demat account by [.]. Check the Suba Hotels IPO allotment status.
The Suba Hotels IPO listing date is not yet announced. The tentative date of Suba Hotels IPO listing is [.].
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