Suba Hotels IPO of ₹75.47 crore was entirely a fresh issue of 68 lakh shares. The IPO opened on September 29, 2025, and closed on October 1, 2025. Share allotment was finalized on October 3, 2025, with tentative listing on the NSE SME platform on October 7, 2025.
The price band was ₹105–₹111 per share, with a lot size of 1,200 shares. Retail investors applied for at least two lots (₹2,66,400), while HNIs applied for three lots (₹3,99,600).
The IPO was managed by Unistone Capital as lead manager, Bigshare Services as registrar, and NNM Securities as market maker.
The issue received strong demand: QIBs 20.98x, NII 22.41x (bNII 27.28x, sNII 12.68x), and retail investors 9.07x, with total subscription at 15.33x.
Suba Hotels launched its ₹75.47 crore IPO, fully a fresh issue of 68 lakh shares, which opened on September 29, 2025, and closed on October 1, 2025. Allotment was finalized on October 3, with tentative NSE SME listing on October 7. The price band was ₹105–₹111, with a lot size of 1,200 shares. Retail investors applied for two lots, HNIs for three. The IPO saw strong demand: QIB 20.98x, NII 22.41x, retail 9.07x, total 15.33x.
The table below breaks down the Suba Hotels share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Category | Shares Offered | Size (%) |
| Anchor Investor | 19,17,600 | 22.00 |
| Market Maker | 3,40,800 | 3.91 |
| QIB | 32,13,600 | 36.87 |
| NII | 9,72,000 | 11.15 |
| -bNII | 6,48,000 | 7.43 |
| -sNII | 3,24,000 | 3.72 |
| Retail | 22,72,800 | 26.07% |
| Total | 87,16,800 | 100% |
| Category | Subscribed (times) |
| QIB (Ex Anchor) | 20.98x |
| NII | 22.41x |
| -bNII (>10L) | 27.28x |
| -sNII (<10L) | 12.68x |
| Individual Investors | 9.07x |
| Total | 15.33x |
Note: The subscription details are as of October 1, 2025.
Suba Hotels is a leading mid-market hotel chain in India, operating across upscale, upper-midscale, midscale, and economy segments. It caters to business, leisure, and religious travelers, providing quality service at competitive prices.
As of July 31, 2025, the company operated 88 hotels with 4,096 rooms in over 50 cities. About 81% of its properties were in emerging tier-2 and tier-3 cities, reflecting its focus on high-growth domestic markets.
Its portfolio included 5 owned hotels (227 rooms), 19 managed hotels (823 rooms), 16 revenue share and lease hotels (577 rooms), and 48 franchised hotels (2,469 rooms). Additionally, 40 hotels with 1,831 rooms were in pre-opening, highlighting a strong growth pipeline and commitment to expanding its presence in India’s mid-market hospitality sector.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Oct 1, 2025, 6:00 PM IST
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