Suba Hotels Limited is one of India’s largest domestic hotel chains in the mid-market sector, with 88 operational hotels across 50+ cities as of July 2025, offering 4,096 keys. Around 81% of its properties are in emerging Tier 2 and Tier 3 cities, strengthening its presence in high-growth markets. Additionally, the company has 40 hotels in the pre-opening phase with 1,831 rooms (Source: JLL Report). Suba Hotels operates across upscale, upper-midscale, midscale, and economy brands, catering to business, leisure, and religious travelers with superior service at attractive price points. Its diverse portfolio includes owned, managed, revenue share & lease, and franchised hotels, allowing scalability and flexibility in operations. With a strong pipeline and established reputation, Suba Hotels is strategically positioned to benefit from India’s expanding hospitality sector.
Price Band₹105 - ₹111 |
Dates29 Sep - 01 Oct |
GMP₹0 (0.00%) |
Subscriptions10.83 times |
Issue Size₹75.47 Crs |
Suba Hotels IPO Objects
- Funding Capital Expenditure Requirements towards upgradation and last-mile funding of hotel premises
- General Corporate Purposes
Suba Hotels IPO Details
Price Band₹105 - ₹111 |
Listing AtNSE SME |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹75.47 Cr (0.68 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹75.47 Cr (0.68 Cr Shares) |
Face Value₹10 per equity share |
Suba Hotels IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Individual Investor |
Minimum
2
2,400
2,66,400
Maximum
2
2,400
2,66,400
|
|||
| Small HNI |
Minimum
3
3,600
3,99,600
Maximum
7
8,400
9,32,400
|
|||
| Big HNI |
Minimum
8
9,600
10,65,600
|
|||
Suba Hotels IPO Subscription
Updated as on 01-Oct-2025 19:00:34 hrs
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 8.42 | 32,29,200 | 2,71,94,400 |
| NII | 22.84 | 9,68,760 | 2,21,25,600 |
| bNII | 27.90 | 6,45,840 | 1,80,18,000 |
| sNII | 12.72 | 3,22,920 | 41,07,600 |
| Individual Investor | 9.12 | 22,60,440 | 2,06,16,000 |
| Total | 10.83 | 64,58,400 | 6,99,36,000 |
Suba Hotels IPO GMP
The estimated Grey Market Premium of Suba Hotels IPO is ₹0 per share (0.00%)
Disclaimer: The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not more than 50% of Net Offer |
| NII | Not less than 15% of Net Offer |
| Retail | Not less than 35% of Net Offer |
| Market Maker | 3,40,800 EQ Shs |
Suba Hotels IPO Financials
| Particulars | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Revenue from Operations | 79.24 | 52.28 | 35.03 |
| Profit after Tax | 15.15 | 8.96 | 2.78 |
| Net Worth | 47.61 | 32.33 | 23.46 |
| Total Borrowing | 50.23 | 45.73 | 46.09 |
| Total Assets | 123.04 | 100.07 | 85.23 |
| NAV per share (in ₹) | 27.29 | 18.53 | 13.45 |
| EPS - Basic (in ₹) | 8.69 | 5.14 | 1.60 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | Values |
|---|---|
| EBITDA | 29.09% |
| PAT | 18.94% |
| ROE | 31.82% |
| ROCE | 35.55% |
| Debt to Equity | 1.06 |
| PE Ratio | 12.77 |
| PB Ratio | 4.07 |
| Mkt Cap (in Crs.) | 269.09 |
All the data pertains to FY 2024-25. PE, PB, and market capitalization are calculated based on the Upper Price Band.
Suba Hotels IPO Peer Comparision
Suba Hotels IPO Peer Comparision
Promoter Details
| Name | Shareholding |
|---|---|
| Click Hotels Pvt Ltd | 42.35% |
| Mansur Mehta | 39.16% |
| Others | 3.18% |
| Total | 84.69% |
Management Details
| Name | Designation |
|---|---|
| Mansur Mehta | Chairman & MD |
| Mubeen Mehta | CEO |
| Girish Bhatt | CFO |
Company Details
Name: Suba Hotels Limited
Address: Hotel Suba Star, Judges Bungalow
Road, Near Akash Tower Bodakdev
Ahmedabad- 380 015, Gujarat, India
Number: +91-2266820707
Email: compliance@subahotels.com
Website: https://www.subahotels.com/
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Find answers to common questions that come in your mind related to IPO.
Suba Hotels IPO is a SME IPO having an issue size of Rs. ₹75.47 Crs. Suba Hotels IPO is priced at ₹105 - ₹111 per share. The issue opens on 29 Sep 25 and closes on 01 Oct 25.
Suba Hotels IPO opens on 29 Sep 25 and closes on 01 Oct 25.
The estimated Grey Market Premium of Suba Hotels IPO is ₹0 per share (0.00%).
The minimum lot size of Suba Hotels IPO is 1200 shares & the minimum application amount is Rs. 133200.
The allotment date of Suba Hotels IPO is 03 Oct 25.
The listing date of Suba Hotels IPO is 07 Oct 25.
Suba Hotels IPO is subscribed 10.83 times.
Suba Hotels IPO is priced at ₹105 - ₹111 per share.
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