Suba Hotels IPO Details
The key details of Suba Hotels’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹75.47 Cr |
| Price Range | ₹105 - ₹111 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 2,400 |
| Investment (cut-off price) | ₹2,66,400 |
| Pre IPO Promotor Holding | 84.69% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Suba Hotels IPO Timelines
The IPO process for Suba Hotels includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
29/09/2025
Start Date01/10/2025
End Date06/10/2025
Refund Initiation06/10/2025
Credit of Shares to Demat Ac07/10/2025
Listing DateSuba Hotels IPO Lot Size
The Suba Hotels IPO has a fixed lot size of 1,200 shares, at an upper price band of ₹111 per share. For retail investors, the minimum and maximum application is 2,400 shares (2 lots) amounting to ₹2,66,400. For Small HNI (S-HNI) investors, the minimum application is 3,600 shares (3 lots) worth ₹3,99,600, while the maximum is 8,400 shares (7 lots) amounting to ₹9,32,400. Big HNI (B-HNI) investors need to apply for at least 9,600 shares (8 lots), totaling ₹10,65,600.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2400 | ₹2,66,400 |
| Retail Maximum | 2 | 2400 | ₹2,66,400 |
| S-HNI Minimum | 3 | 3600 | ₹3,99,600 |
| S-HNI Maximum | 7 | 8400 | ₹9,32,400 |
| B-HNI Minimum | 8 | 9600 | ₹10,65,600 |
Suba Hotels IPO Subscription Status
The subscription status for Suba Hotels IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 20.98x | 22.34x | 8.44x | -- | 15.00x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹ | ₹ | ₹ | ₹ |
Suba Hotels IPO Company Financials
Suba Hotels reports robust performance in FY2025 with Total Income of ₹79.98 crores, managing expenses at ₹60.65 crores, and achieving a strong PAT (Profit After Tax) of ₹15.15 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹35.20 | ₹29.15 | ₹2.78 |
| FY 2024 | ₹53.00 | ₹41.68 | ₹8.96 |
| FY 2025 | ₹79.98 | ₹60.65 | ₹15.15 |
About Company
Established in October 1997, Suba Hotels Limited is a domestic hotel chain operating in the mid-market hospitality segment. As of July 2025, the company manages 88 operational hotels with a total of 4,096 rooms across 50 cities, primarily in tier 2 and tier 3 locations. The group is also expanding, with 40 additional hotels in the pre-opening stage, which will contribute another 1,831 rooms to its growing portfolio. Suba Hotels offers a range of accommodations across upscale, upper-midscale, midscale, and economy categories, catering to both domestic and international guests.
As of July 31, 2025, Suba Hotels operates under a mixed-ownership model that includes five owned hotels with 227 rooms, 19 managed hotels with 156,551 rooms, 14 hotels under revenue share and lease agreements with 823 rooms, and 48 franchised hotels comprising 2,469 rooms. The company owns properties in locations such as Ahmedabad, Bhuj, Junagadh, Vadodara in Gujarat, and Pithampur in Madhya Pradesh. This diversified operational structure allows Suba Hotels to maintain a broad presence while serving a wide customer base in India’s growing hospitality market.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 1997 | Hotels & Resorts | Mansur Mehta |
Know Before Investing
Suba Hotels IPO Strengths
- Suba Hotels Limited, incorporated in 1994, is a leading mid-market hotel chain in India with over 30 years of operational experience and strong brand recognition.
- Operates 88 hotels with 4,096 keys across more than 50 cities, primarily focusing on tier 2 and tier 3 cities, positioning it well in underserved hospitality markets.
- Utilizes a mix of owned, managed, revenue-share, lease, and franchise properties, reducing capital expenditure risks and ensuring steady income streams.
- Currently has around 40 hotels in the pre-opening phase, adding approximately 1,831 rooms to its inventory, indicating robust growth plans.
- With about 81% of its properties in tier 2 and tier 3 cities, the company leverages growth in emerging markets and growing business/leisure travel demand in these regions.
- The varied property ownership and management models provide financial and operational flexibility to adapt to market changes.
Suba Hotels IPO Risks
- Heavy concentration in smaller cities may limit exposure to premium segment and higher profits associated with metro cities.
- Rapid growth with many hotels in the pre-opening phase increases risks related to project delays, cost overruns, and operational inefficiencies.
- Faces significant competition from national and international hotel chains with higher brand value and resources.
- Business is vulnerable to economic cycles, travel slowdowns, and unforeseen events such as pandemics affecting occupancy and revenue.
- A significant portion of hotels are under lease or franchise agreements, which could involve renewal risks and operational dependencies.
- Subject to various local and national regulations concerning hospitality, labour, safety, and taxation, non-compliance may lead to fines or operational disruptions.
Swot Analysis for Suba Hotels IPO
Strengths
Strong Presence in Tier-2 and Tier-3 Cities, Multiple Revenue Models, Wide Geographic Footprint
Weaknesses
Moderate Scale Compared to Large Chains, High Fixed Costs, Dependence on Domestic Travel
Opportunities
Increasing Domestic Tourism, Online Travel Platforms, Franchise and Management Contracts
Threats
Economic Downturns, Regulatory and Compliance Costs, Technological Disruptions
Company 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 Registar Details
Bigshare Services Pvt. Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
FAQs
The key objectives of Suba Hotels SME IPO are:
- Funding Capital Expenditure Requirements towards upgradation and last-mile funding of hotel premises
- General Corporate Purposes
Unistone Capital Pvt. Ltd. is the book-running lead managers for the Suba Hotels IPO.
Suba Hotels IPO presents strong growth potential with revenue rising to ₹79.98 crore and profit improving to ₹15.15 crore in FY25. Its presence in tier 2 and 3 cities, asset light expansion model, and diversified portfolio position it well to benefit from India’s growing travel and tourism sector.
The issue price for the Suba Hotels IPO is set between ₹105 to ₹111 per share.
To invest in two lot of Suba Hotels IPO, you need ₹2,52,000 at the lower price band (₹105 per share) or ₹2,66,400 at the upper price band (₹111 per share) for a lot size of 2400 shares.
Suba Hotels IPO shares are scheduled to be listed on the National Stock Exchange (NSE) on October 7, 2025.
Refund/unblocking of funds for Suba Hotels IPO will begin on October 6, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Suba Hotels IPO shares on listing day (October 7, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.