Suba Hotels Limited – IPO
Suba Hotels Limited – IPO Details
| IPO Date | September 29, 2025 to October 1, 2025 |
| Listing Date | October 7, 2025 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 105 to ₹ 111 / Share |
| Lot Size | 1200 Shares |
| Total Issue Size | 67,99,200 shares (Aggregating up to ₹75.47 Cr) |
| Fresh Issue | |
| Offer for Sale | |
| Employee Discount | |
| 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 |
| Market Maker portion |
Suba Hotels Limited Timeline (Tentative Schedule)
Suba Hotels Limited IPO opens on September 29, 2025, and closes on October 1, 2025.
| IPO Open Date | September 29, 2025 |
| IPO Close Date | October 1, 2025 |
| Basis of Allotment | October 3, 2025 |
| Initiation of Refunds | October 6, 2025 |
| Credit of Shares to Demat | October 6, 2025 |
| Listing Date | October 7, 2025 |
| Cut-off time for UPI mandate confirmation | October 1, 2025 |
Suba Hotels Limited 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 |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | Rs.266,400 |
| Retail (Max) | 2 | 2,400 | Rs.266,400 |
| S-HNI (Min) | 3 | 3,600 | Rs.399,600 |
| S-HNI (Max) | 7 | 8,400 | Rs.932,400 |
| B-HNI (Min) | 8 | 9,600 | Rs.1,065,600 |
| HNI (Min) |
Suba Hotels Limited IPO Promoter Holding
| Share Holding Pre Issue | 84.69% |
| Share Holding Post Issue |
Suba Hotels Limited IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50% |
|
| NII (HNI) Shares Offered | Not less than 15% |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35.00% |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
Suba Hotels Limited IPO Anchor Investors Details
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
About Suba Hotels Limited
Formed in October 1997, Suba Hotels Limited is a domestic mid-market hotel chain with 88 operating hotels.
The group has 88 operating hotels with 4,096 keys, spread across 50 cities, mainly in tier 2 and 3 cities, as of July 2025. Another 40 hotels are in the pre-opening stage, which will add 1831 rooms to its inventory.
The company is in the mid-market hotel business, covering upscale, upper-midscale, midscale, and economy brands, domestic and international.
As of July 31, 2025, the company has 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 has hotels in Ahmedabad, Bhuj, Junagadh, Vadodara (Gujarat) and Pithampur (Madhya Pradesh).
Competitive Strength:
One of India's top domestic hotel chains in the mid-scale segment with a differentiated business model.
Extensive geographical reach.
Distribution network established.
Capacity to acquire weakperforming hotels and enhance performance through renovation or rebranding.
Promoter and management team with experience.
Key Performance Indicator
The market capitalization of Suba Hotels' IPO is ₹269.09 Cr.
| KPI | Values |
|---|---|
| ROE | 31.82% |
| ROCE | 35.55% |
| Debt/Equity | 1.06 |
| RoNW | 31.82% |
| P/BV | 4.07 |
| PAT Margin (%) | 18.94% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.69 | 6.25 |
| P/E (x) | 12.78 | 17.76 |
Note:
- The Pre IPO EPS is calculated based on Pre-IPO shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2025, which is available in RHP.
Objects of the Issue (Suba Hotels Limited IPO Objectives)
Suba Hotels Limited Contact Details
Suba Hotels Ltd. Hotel Suba Star, Judges Bungalow Road Near Akash Tower Bodakdev Ahmedabad, Gujarat, 380015 Phone: +91-2266820707 Email: [email protected] Website: https://www.subahotels.com/ |
Suba Hotels Limited IPO Registrar
Bigshare Services Pvt.Ltd. Phone: +91-22-6263 8200 Email: [email protected] |