Suba Hotels Limited
Bookbuilding IPO · NSE
- Price band
- ₹105 - ₹111
- Lot size
- 1,200 shares
- Issue amount
- ₹75.47 cr
- Total subscription
- 15.4×
- Opens
- 29 Sept 2025
- Closes
- 1 Oct 2025
- Allotment
- 3 Oct 2025
- Listing
- 7 Oct 2025
Offer at a glance
Issue overview
- Issue size
- 67,99,200 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,26,000
- Fresh issue
- ₹75.47 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,33,200
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,74,43,316
- Shares after issue
- 2,42,42,516
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,400 | ₹2,66,400 |
| sHNI | 3 | 3,600 | ₹3,99,600 |
| bHNI | 8 | 9,600 | ₹10,65,600 |
Share reservation
Subscription & GMP
Subscription by category
Reported 1 Oct 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 27 |
| NIB | 0 | 2,664 |
| RETAIL | 947 | 8,590 |
| HNIs(10L +) | 0 | 1,589 |
| HNIs (2-10L) | 0 | 1,075 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 14.39 | 301.86 |
| FIIs | 0 | 123.56 |
| Others | 0 | 178.3 |
| RETAIL | 25.23 | 228.84 |
| HNIs 2+ | 3.6 | 45.59 |
| HNIs 10+ | 7.19 | 200 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 0 | 0 | 0 |
| ROE | 31.82 | 27.71 | 11.86 |
| ROCE | 35.55 | 26.8 | 22.37 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 12.78 | 0 | 0 |
| POST IPO(PE) | 17.76 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Royal Orchids Hotels Limited | 29.81 | NA | 10.00 | 84.16 | 20.58 | 17.32 |
| Suba Hotels Limited | NA | NA | 10.00 | 27.29 | 31.82 | 8.69 |
| Sayaji Hotels Limited | 247.58 | NA | 10.00 | 91.06 | 1.30 | 1.18 |
Company information
Company profile
Suba Hotels Limited, established in October 1997, is a domestic mid-market hotel chain with a strong presence across India. By July 2025, it was operating 88 hotels with 4,096 rooms in 50 cities, mainly in tier 2 and 3 locations, and had 40 more hotels in the pipeline with 1,831 rooms. The group serves different segments of the mid-market sector, including upscale, upper-midscale, midscale, and economy brands. Its portfolio includes five owned hotels, 19 managed hotels, 14 operating on revenue share or lease, and 48 franchised hotels. The company owns properties in cities such as Ahmedabad, Bhuj, Junagadh, Vadodara, and Pithampur.
Strengths
- Leading Mid-Market Hotel Chain: One of India’s largest hotel chains in the mid-scale segment, operating 88 hotels (4,096 keys) with 40 more under development, and a strong presence in Tier 2 and 3 cities.
- Extensive Presence Across India: Operations span 50+ cities, focusing on Tier 2 and 3 markets to tap into the large unbranded hotel segment.
- Robust Sales and Distribution Network: Backed by dedicated sales teams, corporate tie-ups, and partnerships with top travel agencies, enhancing brand visibility and customer reach.
Risk factors
- Reliance on Owned and Leased Hotels: Revenue mainly comes from owned and leased/revenue-share hotels, making financial performance sensitive to these locations.
- Shifting Travel Trends: Changes in corporate or leisure travel due to cost factors, technology, or consumer behavior may reduce occupancy and revenue.
- Risks from Lease Agreements: Dependence on third-party leased properties creates risks if terms are unfavorable, agreements expire, or renewals are not secured.
Promoters
Click Hotels Private Limited
Mansur Mehta
Mubeen Mehta
Registrar & documents
Lead manager
Unistone Capital Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Hotel Suba Star, Judges Bungalow Road Near Akash Tower Bodakdev Ahmedabad, Gujarat, 380015
+91-2266820707
[email protected]Company website ↗Understanding SUBAHOTELS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.