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Suba Hotels IPO
Suba Hotels IPO is a book-built issue worth ₹75.47 crore. The IPO is entirely a fresh issue of 0.68 crore shares. The price band is fixed at ₹105 to ₹111 per share, with a lot size of 1,200 shares. The minimum investment required for retail investors is ₹2,66,400 (2,400 shares). The IPO opens on September 29, 2025, and closes on October 1, 2025. Shares will be listed on the NSE SME platform with a tentative listing date of October 7, 2025.
Company Background
Suba Hotels, established in October 1997 and headquartered in Ahmedabad, is a fast-growing domestic hotel chain. As of July 2025, the company managed 88 operational hotels with 4,096 rooms across more than 50 cities in India. Suba Hotels has a strong pipeline of future projects, with 40 hotels in pre-opening phases. By 2025, its presence extended to over 129 hotels across 72+ cities. The company emphasizes reliability, quality service, and long-term client relationships, while focusing on strengthening its infrastructure and expanding operations nationwide.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Suba Hotels IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Suba Hotels IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 29, 2025 to October 1, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹105 to ₹111 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 67,99,200 shares (aggregating up to ₹75.47 Cr) |
| Reserved for Market Maker | 3,40,800 shares (aggregating up to ₹3.78 Cr) NNM Securities Pvt.Ltd. |
| Net Offered to Public | 64,58,400 shares (aggregating up to ₹71.69 Cr) |
| 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 |
Suba Hotels IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Mon, Sep 29, 2025 |
| IPO Close Date | Wed, Oct 1, 2025 |
| Tentative Allotment | Fri, Oct 3, 2025 |
| Initiation of Refunds | Mon, Oct 6, 2025 |
| Credit of Shares to Demat | Mon, Oct 6, 2025 |
| Tentative Listing Date | Tue, Oct 7, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Oct 1, 2025 |
Suba Hotels IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,66,400 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,66,400 |
| S-HNI (Min) | 3 | 3,600 | ₹3,99,600 |
| S-HNI (Max) | 7 | 8,400 | ₹9,32,400 |
| B-HNI (Min) | 8 | 9,600 | ₹10,65,600 |
Suba Hotels IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 84.69% |
| Promoter Holding Post Issue | - |
Competitive Strength:
- • Strong market presence in the mid-market segment of domestic hotel chains & growth with a 51% revenue increase.
- • Wide geographical coverage in the hospitality sector. That not only widens the range of clients but also increases the sales structure.
Suba Hotels IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 123.04 | 79.98 | 15.15 | 47.61 | 50.23 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 100.07 | 53.00 | 8.96 | 32.33 | 45.73 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 85.23 | 35.20 | 2.78 | 23.46 | 46.09 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.69 | 6.25 |
| P/E (x) | 12.78 | 17.76 |
Conclusion
The Suba Hotels IPO provides investors an opportunity to own a stake in a well-established and expanding hospitality brand. With consistent revenue growth, a reliable reputation, and plans to add 40+ new hotels, Suba Hotels is poised for long-term expansion. The IPO appeals to investors looking for exposure in India’s growing hospitality and tourism sector, backed by strong client trust and a proven track record of service excellence.
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