Suba Hotels IPO
Open SmeCurrent GMP
₹10 (+9.01%)
Price Band
₹ 105 – 111
Lot Size
1200
Issue Size
₹75.47 Cr
Minimum Investment
₹266400 (2400 Shares)
Listing Date
07 October 2025
Subscription
15.4x
About the Company
Suba Hotels Limited
Established in October 1997, Suba Hotels Limited is a domestic hotel chain operating in the mid-market hospitality sector.
As of July 2025, the group manages 88 operational hotels with a total inventory of 4,096 keys across 50 cities in India, with a strong presence in tier 2 and tier 3 markets. In addition, 40 hotels are in the pre-opening stage, which will further add 1,831 rooms to its portfolio.
The company operates across multiple segments of the mid-market spectrum, including upscale, upper-midscale, midscale, and economy brands, catering to both domestic and international travelers.
As of July 31, 2025, Suba Hotels’ portfolio comprises:
- 5 owned hotels with 227 rooms
- 19 managed hotels with 1,551 rooms
- 14 revenue-share & lease hotels with 823 rooms
- 48 franchised hotels with 2,469 rooms
The company’s owned hotels are located in Ahmedabad, Bhuj, Junagadh, and Vadodara in Gujarat, and Pithampur in Madhya Pradesh.
Promoters
- Click Hotels Private Limited
- Mansur Mehta
- Mubeen Mehta
Promoters Holding
Holding Pre Issue
84.69%
Holding Post Issue
0.00%
Objects of the Issue
The Company Suba Hotels IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding Capital Expenditure Requirements towards upgradation and last-mile funding of hotel premises
- General Corporate Purposes
Address / Contact Info
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/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 29 September 2025
IPO Close Date
Wednesday, 01 October 2025
Basis of Allotment
Friday, 03 October 2025
Initiation of Refunds
Monday, 06 October 2025
Credit of Shares to Demat
Monday, 06 October 2025
Listing Date
Tuesday, 07 October 2025 — NSE & BSE
Important Dates
Open Date
29 September 2025
Close Date
01 October 2025
Basis Of Allotment
03 October 2025
Listing Date
07 October 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 123.04 | 100.07 | 85.23 |
| Revenue | 79.98 | 53 | 35.2 |
| Profit After Tax | 15.15 | 8.96 | 2.78 |
| Net Worth | 47.61 | 32.33 | 23.46 |
| Reserve & Surplus | 30.17 | 27.57 | 18.7 |
| Total Borrowings | 50.23 | 45.73 | 46.09 |
EPS Pre
8.69%
EPS Post
6.25%
P/E Pre
12.78
P/E (Post Issue)
17.76x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mon |
|---|---|
| ROE % | 31.82 |
| ROCE % | 35.55 |
| Debt / Equity | 1.06 |
| RoNW % | 31.82 |
| PbW | 0 |
| Pat Margin % | 18.94 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 1296000 | 28.54 | 0 |
| Non-Institutional | 972000 | 21.41 | 0 |
| BNII | 648000 | 14.27 | 0 |
| SNII | 324000 | 7.14 | 0 |
| Retail Investors | 2272800 | 50.05 | 0 |
| Total | 4540800 | 100 | 0 |
Subscription Status ( Wed, 01 Oct 25 01:54 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 1296000 | 27194400 | 20.98x |
| Non-Institutional | 972000 | 22125600 | 22.76x |
| BNII | 648000 | 18018000 | 27.81x |
| SNII | 324000 | 4107600 | 12.68x |
| Retail Investors | 2272800 | 20616000 | 9.07x |
| Total | 4540800 | 69936000 | 15.4x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Suba Hotels Limited | 10 | 0.00 | 8.69 | 8.69 | 31.82 | 27.29 |
| Royal Orchids Hotels Ltd | 10 | 29.81 | 17.32 | 17.32 | 20.58 | 84.16 |
| Sayaji Hotels Limited | 10 | 247.58 | 1.18 | 1.18 | 1.30 | 91.06 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 266,400.00 |
| Retail (Max) | 2 | 2,400 | 266,400.00 |
| S-HNI (Min) | 3 | 3,600 | 399,600.00 |
| S-HNI (Max) | 7 | 8,400 | 932,400.00 |
| B-HNI (Min) | 8 | 9,600 | 1,065,600.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Unistone Capital Pvt Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Suba Hotels IPO is a Book-building IPO worth ₹75.47 crores. The price band is ₹105 to 111 per share. The IPO opens on Mon, Sep 29, 2025 and closes on Wed, Oct 1, 2025. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Suba Hotels IPO opens on Mon, Sep 29, 2025 and closes on Wed, Oct 1, 2025
Suba Hotels IPO Price Band is ₹105 to 111.
Suba Hotels IPO lot size is 1200, and the minimum amount required for application is ₹266400.
The minimum investment for Suba Hotels IPO is approximately ₹266400 based on the upper price band.
To apply for the Suba Hotels IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Oct 1, 2025. After submission, funds are blocked until the basis of allotment of Suba Hotels IPO is finalised.
Suba Hotels IPO issue size is ₹75.47 crores.
Suba Hotels IPO allotment date is Sat, Jun 27, 2026.
The registrar for Suba Hotels IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Suba Hotels IPO through their official website or helpline.
The Suba Hotels IPO GMP (Grey Market Premium) is ₹10 as of Tue, Oct 7, 2025. Based on the upper price band of ₹111 per share, the estimated Suba Hotels IPO listing price is ₹121, indicating a potential listing gain of approximately 31% over the issue price.