Suba Hotels IPO
GMP, Subscription, Price, Dates & Financial Details
Hotel, Resort & Restaurants
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…
Open Date
Mon, 29 Sep 2025
Close Date
Wed, 01 Oct 2025
Price Band
₹ 105 – 111
Lot Size
1200
Issue Size
₹ 75.47 Cr
Minimum Investment
₹ 266,400 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Suba Hotels IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹75.47 Crore.
The Suba Hotels IPO remained open for subscription from September 29, 2025, to October 01, 2025. The basis of allotment was finalized on October 03, 2025, and the company's shares were listed on NSE SME Platform on October 07, 2025.
The company had fixed the price band at ₹105 to ₹111 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹266,400 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Unistone Capital Pvt Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Suba Hotels Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Suba Hotels IPO Timeline (Tentative)
- IPO Open Date
- Mon, 29 Sep 25
- IPO Close Date
- Wed, 01 Oct 25
- Basis of Allotment
- Fri, 03 Oct 25
- Initiation of Refunds
- Mon, 06 Oct 25
- Credit of Shares to Demat
- Mon, 06 Oct 25
- Listing Date
- Tue, 07 Oct 25 — NSE & BSE
Open Date
29 September 2025
Close Date
01 October 2025
Basis Of Allotment
03 October 2025
Listing Date
07 October 2025
IPO Subscription
Check Live Subscription →The Suba Hotels IPO has received bids for 6,99,36,000 shares against 45,40,800 shares offered, resulting in an overall subscription of 15.4x. the NII category is subscribed 22.76x, Retail Investors 9.07x, and QIBs 20.98x. Within the NII category, BNII is subscribed 27.81x, while SNII is subscribed 12.68x.
QIB
20.98x
NII
22.76x
BNII
27.81x
SNII
12.68x
RII
9.07x
Total
15.4x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 22,72,800 shares, representing 50.05% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 12,96,000 shares (28.54%), while Non-Institutional Investors (NIIs) receive 9,72,000 shares (21.41%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 1,296,000 | 28.54% |
| Non-Institutional | 972,000 | 21.41% |
| BNII | 648,000 | 14.27% |
| SNII | 324,000 | 7.14% |
| Retail Investors | 2,272,800 | 50.05% |
| Total | 4,540,800 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Suba Hotels Limited KPI Information
| Particular | KPI as of Mon |
|---|---|
| ROE % | 31.82 |
| ROCE % | 35.55 |
| Debt / Equity | 1.06 |
| RoNW % | 31.82 |
| Pat Margin % | 18.94 |
Peers Comparison
| 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 |
About Suba Hotels Limited
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.
Suba Hotels IPO Promoters
- Click Hotels Private Limited
- Mansur Mehta
- Mubeen Mehta
Promoters Holding
Holding Pre Issue
84.69%
Holding Post Issue
0.00%
Suba Hotels IPO Objective
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
Suba Hotels Limited Address / Contact Details
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
Suba Hotels IPO Lot Size
The Suba Hotels IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹2,66,400 by applying for 2 lot (2,400 shares). The maximum application allowed for the retail category is 2 lots (2,400 shares), requiring an investment of ₹2,66,400.
| 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 |
Issue Reservation
- QIB — 28.54%
- NII — 21.41%
- RII — 50.05%
Book Running Lead Managers
- Unistone Capital Pvt Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Suba Hotels IPO?
Suba Hotels IPO is a Book-building IPO with a total issue size of ₹75.47 crore. The Suba Hotels IPO price band is ₹105 to 111 per share. The Suba Hotels IPO subscription opens on Mon, Sep 29, 2025, and closes on Wed, Oct 1, 2025. The Suba Hotels IPO will be listed on the NSE. Bigshare Services Pvt Ltd is the registrar for the Suba Hotels IPO.
When will the Suba Hotels IPO open for subscription?
The Suba Hotels IPO opens on Mon, Sep 29, 2025 and closes on Wed, Oct 1, 2025
What is Suba Hotels IPO Price Band?
Suba Hotels IPO Price Band is ₹105 to 111 per share.
What is Suba Hotels IPO Lot Size?
Suba Hotels IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹266400 based on the upper price band
What is the minimum investment for Suba Hotels IPO?
The minimum investment for Suba Hotels IPO is ₹266400, based on one lot of 1200 shares at the upper price band of ₹111 per share.
How to apply for Suba Hotels IPO?
Investors can apply for the Suba Hotels IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Oct 1, 2025. The application amount remains blocked until the Suba Hotels IPO allotment is finalized.
What is Suba Hotels IPO Issue Size?
Suba Hotels IPO issue size is ₹75.47 crores.
What is the Suba Hotels IPO Allotment Date?
Suba Hotels IPO allotment date is Fri, Oct 3, 2025.
Who is the Suba Hotels IPO Registrar?
The registrar for Suba Hotels IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Suba Hotels IPO allotment status, refund processing, and other IPO-related information.
What is the Suba Hotels IPO GMP?
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 9.01% over the issue price.
Who is the Suba Hotels IPO Lead Manager?
The book-running lead managers (BRLMs) for the Suba Hotels IPO are Unistone Capital Pvt Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Suba Hotels IPO Red Herring Prospectus (RHP).