Suba Hotels IPO
Suba Hotels IPO
Overview
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 opens for subscription on Sep 29, 2025 and closes on Oct 1, 2025. The allotment for the Suba Hotels IPO is expected to be finalized on Oct 3, 2025. Suba Hotels IPO will list on NSE SME with a tentative listing date fixed as Oct 7, 2025. Suba Hotels IPO price band is set at ₹105.00 to ₹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..
Total Shares
67,99,200
Issue Size
₹75.47 Cr
Price Band
₹105 – ₹111
Lot Size
1200 shares
Min. Investment
₹2,66,400
Max. Investment
₹2,66,400
Open Date
29 Sep, 2025
Close Date
01 Oct, 2025
Allotment
03 Oct, 2025
Listing
07 Oct, 2025
Max. Investment
₹2,66,400
Announced
29 Sep, 2025
Opening Date
29 Sep, 2025
Closing Date
01 Oct, 2025
Basis of Allotment
03 Oct, 2025
Initiation of Refunds
06 Oct, 2025
Credit of Shares
06 Oct, 2025
Listing Date
07 Oct, 2025
Live GMP
Est. Listing: ₹118
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About Suba Hotels IPO
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
Suba Hotels IPO Share Price
Issue Breakdown
Shareholding
Dilution: 39.0% increase in shares
Suba Hotels IPO Promoters Holding
Suba Hotels IPO Financial Health
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.
Suba Hotels IPO Lot Size
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 | 2400 | ₹2,66,400 |
| Individual investors (Retail) (Max) | 2 | 2400 | ₹2,66,400 |
| S-HNI (Min) | 3 | 3600 | ₹3,99,600 |
| S-HNI (Max) | 7 | 8400 | ₹9,32,400 |
| B-HNI (Min) | 8 | 9600 | ₹10,65,600 |
(All values in CR)
Suba Hotels IPO Valuations
The market capitalization of Suba Hotels IPO is ₹269.09 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| 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 |
(All values in CR)
Suba Hotels IPO Strength & Risk
Suba Hotels IPO Strength:
Established mid-market hotel brand with a large number of operational hotels.
Asset-light model using owned, managed, lease/revenue share, and franchised properties.
Strategic presence in Tier 2 and Tier 3 cities targeting diverse traveler segments.
Exclusive master franchise rights for Choice Hotels' Comfort, Clarion, and Quality brands in India.
Experienced management with a track record of revamping underperforming hotels.
Suba Hotels IPO Risk:
Revenue dependence on owned and lease/revenue share hotels may limit flexibility.
Vulnerable to shifts in travel preferences, economic downturns, and global events affecting tourism.
Dependence on leased properties exposes the company to renewal and cost risks.
Loss of Choice Hotels franchise rights could impact brand recognition and revenues.
Online travel agents’ dominance may reduce margins and control over customer relationships.
Suba Hotels IPO Subscriptions Status
Suba Hotels IPO subscribed 15.33 times. The public issue subscribed 9.07 times in the individual investors category, 20.98 times in QIB (Ex Anchor), and 22.41 times in the NII category by October 1, 2025 5:24:11 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 19,17,600 | 19,17,600 | 21.285 |
| Market Maker | 1.00 | 3,40,800 | 3,40,800 | 3.783 |
| QIB (Ex Anchor) | 20.98 | 12,96,000 | 2,71,94,400 | 301.858 |
| Non-Institutional Buyers | 22.41 | 9,72,000 | 2,17,84,800 | 241.811 |
| bNII (bids above ₹10L) | 27.28 | 6,48,000 | 1,76,77,200 | 196.217 |
| sNII (bids below ₹10L) | 12.68 | 3,24,000 | 41,07,600 | 45.594 |
| Individual Investors (IND category bidding for 2 Lots) | 9.07 | 22,72,800 | 2,06,16,000 | 228.838 |
| Total | 15.33 | 45,40,800 | 6,95,95,200 | 772.507 |
Suba Hotels IPO GMP
Suba Hotels SME IPO last GMP is ₹7, last updated Oct 1st 2025 04:37 PM. With the price band of 111.00, Suba Hotels SME IPO's estimated listing price is ₹118 (cap price + today's GMP).The expected percentage gain/loss per share is 6.31%. >> Suba Hotels SME IPO Retail Subject to Sauda: ₹6400 The lowest GMP is ₹0.00, while the highest GMP is ₹10.00.
Last updated 01 Oct, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 01 Oct, 2025 | 111 | ₹7▲ | 6400 | ₹118 (6.31%) | 8400 | 01 Oct, 2025 |
| 30 Sep, 2025 | 111 | ₹5▼ | 4600 | ₹116 (4.50%) | 6000 | 30 Sep, 2025 |
| 29 Sep, 2025 | 111 | ₹10▲ | 9100 | ₹121 (9.01%) | 12000 | 29 Sep, 2025 |
| 28 Sep, 2025 | 111 | ₹7 | 6400 | ₹118 (6.31%) | 8400 | 28 Sep, 2025 |
| 27 Sep, 2025 | 111 | ₹7▲ | 6400 | ₹118 (6.31%) | 8400 | 27 Sep, 2025 |
| 26 Sep, 2025 | 111 | ₹0 | - | ₹111 (0.00%) | - | 26 Sep, 2025 |
| 25 Sep, 2025 | 111 | ₹0 | - | ₹111 (0.00%) | - | 25 Sep, 2025 |
| 24 Sep, 2025 | 111 | ₹0 | - | ₹ (%) | - | 24 Sep, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Suba Hotels IPO
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Find Suba Hotels IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
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Your funds will be blocked in your account until the IPO allotment process is completed.