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Suba Hotels Ltd. 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 ₹111.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,66,400.00 (2,400 shares) (based on upper price). The minimum lot size investment for 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 Date | September 29, 2025 to October 1, 2025 |
| Listing Date | October 7, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹105 to ₹111 per share |
| Issue Price Final | ₹111 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 67,99,200 shares (aggregating up to ₹75.47 Cr) |
| Reserved for Market Maker | 3,40,800 shares NNM Securities Pvt.Ltd. (aggregating up to ₹3.78 Cr) |
| Net Offered to Public | 64,58,400 shares (aggregating up to ₹71.69 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,74,43,316 shares |
| Share Holding Post Issue | 2,42,42,516 shares |
Suba Hotels IPO offers total 67,99,200 shares. Out of which 32,13,600 (47.26%) allocated to QIB, 12,96,000 (19.06%) allocated to QIB (Ex- Anchor), 9,72,000 (14.30%) allocated to NII 22,72,800 (33.43%) allocated to RII and 19,17,600 (28.20%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,40,800 (5.01%) |
| QIB Shares Offered | 32,13,600 (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 (14.30%) |
| − bNII > ₹10L | 6,48,000 (9.53%) |
| − sNII < ₹10L | 3,24,000 (4.77%) |
| Retail Shares Offered | 22,72,800 (33.43%) |
| Total Shares Offered | 67,99,200 (100.00%) |
Suba Hotels IPO raises ₹21.29 crore from anchor investors. Suba Hotels IPO Anchor bid date is September 26, 2025. Suba Hotels IPO Anchor Investors list
| Bid Date | September 26, 2025 |
| Shares Offered | 19,17,600 |
| Anchor Portion Size (In Cr.) | 21.29 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 1, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 31, 2025 |
Suba Hotels IPO opens on September 29, 2025, and closes on October 1, 2025.
| IPO Open Date | Mon, Sep 29, 2025 |
| IPO Close Date | Wed, Oct 1, 2025 |
| Tentative Allotment | Fri, Oct 3, 2025 |
| Initiation of Refunds | Mon, Oct 6, 2025 |
| Credit of Shares to Demat | Mon, Oct 6, 2025 |
| Tentative Listing Date | Tue, Oct 7, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Oct 1, 2025 |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
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 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 | |||
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| 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 |
| Market Capitalization | 269.09 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 8.69 | 6.25 |
| P/E (x) | 12.78 | 17.76 |
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 crores) |
|---|---|---|
| 1 | Funding Capital Expenditure Requirements towards upgradation and last-mile funding of hotel premises | 53.48 |
| 2 | General Corporate Purposes | 14.52 |
[Dilip Davda] SHL is engaged in the business of hospitality and is one of India’s largest domestic hotel chain in the mid-market segment. It has speedily expanded its reach to stay tuned with the time to meet rising hotel rooms demand. It has posted growth in its top and bottom lines, with robust performance for FY25. It is operating in a highly competitive and fragmented segment. Based on its recent financial data, the issue appears fully priced. Well-informed investors may park moderate funds for medium to long term. Read detail review...
| Listing Date | October 7, 2025 |
| BSE Script Code | |
| NSE Symbol | SUBAHOTELS |
| ISIN | INE0RYR01018 |
| Final Issue Price | ₹111 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹111.00 |
| Open | ₹154.20 |
| Low | ₹154.20 |
| High | ₹161.90 |
| Last Trade | ₹161.90 |
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 67,99,200 equity shares of the face value of ₹10 aggregating up to ₹75.47 Crores. The issue is priced at ₹111 per share. The minimum order quantity is 1200.
The IPO opens on September 29, 2025, and closes on October 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 September 29, 2025 and closes on October 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 Monday, October 6, 2025. Check the Suba Hotels IPO allotment status.
The Suba Hotels IPO listing date is on Tuesday, October 7, 2025.
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