Suba Hotels IPO Date, Review, Price, Allotment Details
The Suba Hotels IPO will open on September 29, 2025, and close on October 1, 2025. It is a Book Built Issue through which the company aims to raise approximately ₹75.47 crores, comprising a fresh issue of ₹75.47 crores and an offer for sale of up to [.] equity shares, each with a face value of ₹10.
The IPO price band is ₹105 to ₹111 per share, with a retail allocation of 35%, 50% reserved for Qualified Institutional Buyers (QIBs), and 15% for High Net-worth Individuals (HNIs). The allotment is scheduled for October 3, 2025, and Suba Hotels' shares are expected to list on the NSE on October 7, 2025.
The company reported revenues of ₹107.59 crores in 2025, up from ₹54.34 crores in 2024, and profits of ₹4.80 crores in 2025 compared to ₹1.65 crores the previous year. Based on these financials, investors are advised to consider the Suba Hotels IPO as a long-term investment.
Suba Hotels IPO Details
IPO Open Date September 29, 2025 IPO Close Date October 1, 2025 Face Value ₹10 Per Equity Share IPO Price Band ₹105 to ₹111 Per Share Issue Size Approx ₹75.47 Crores Fresh Issue Approx ₹75.47 Crores Issue Type Book Built Issue IPO Listing NSE SME DRHP Draft Prospectus 
RHP Draft Prospectus
Suba Hotels IPO Market Lot
The minimum market lot for the Suba Hotels IPO is 2,400 shares, requiring an application amount of ₹2,66,400.
Application Lot Size Shares Amount Retail Minimum 2 2,400 ₹2,66,400 Retail Maximum 2 2,400 ₹2,66,400 S-HNI Minimum 3 3,600 ₹3,99,600
IPO Reservation
Investor Category Share Offered -% Shares Anchor Investor 3,40,800 Shares 5.01% QIB (Ex. Anchor) 32,13,600 Shares 47.26% NII Shares Offered 9,72,000 Shares 14.30% Retail Shares Offered 22,72,800 Shares 33.43%
Suba Hotels IPO Anchor Investors
Anchor Bidding Date September 26, 2025 Anchor Investors List Shares Offered 19,17,600 Shares Anchor Size 21.29 Cr. Lock-in period end date 50% shares (30 Days) November 2, 2025 Lock-in period end date 50% shares (90 Days) January 1, 2025
Suba Hotels IPO Dates
The Suba Hotels IPO opens on September 29 and closes on October 1, with allotment scheduled for October 3 and listing on October 7.
IPO Open Date: September 29, 2025 IPO Close Date: October 1, 2025 Basis of Allotment: October 3, 2025 Refunds: October 6, 2025 Credit to Demat Account: October 6, 2025 IPO Listing Date: October 7, 2025 IPO Bidding Cut-off Time: October 1, 2025 – 5 PM
Promoters and Holding Pattern
The promoters of the company include Click Hotels Private Limited, Mansur Mehta, and Mubeen Mehta.
Particular Shares % Share Promoter Holding Pre Issue 1,74,43,316 84.69% Promoter Holding Post Issue 2,42,42,516 60.93%
Objects of the Issue & Utilisation of Proceeds
Purpose Crores Funding Capital Expenditure Requirements towards the upgrade and last-mile funding of hotel premises 53.48 General Corporate Purpose –
About Suba Hotels IPO
Suba Hotels Limited is one of India’s leading hotel chains, operating 88 mid-range properties across various categories, including upscale, upper-midscale, midscale, and budget hotels, both in India and overseas. Over the past two years, the company has leveraged its scale, cost efficiencies, and operational improvements to adapt to market changes and enhance profitability. Its diverse portfolio comprises hotels that are owned, managed, franchised, leased, or operated under revenue-sharing models, offering flexible options that cater to a wide range of consumer needs.
The growth of Suba Hotels is driven by experienced promoters and skilled management, who have played a vital role in strengthening its market position. By focusing on delivering value-driven hospitality, the company continues to expand into regions underserved by larger hotel chains. Currently, 13 of its hotels are managed under hotel operating agreements executed between the company and property owners, reinforcing its asset-light expansion strategy while maintaining high service standards.
Suba Hotels IPO Company Financial Report
Amount in Crores (₹)
Period Ended Revenue Expense PAT Assets 2023 ₹35.20 ₹29.15 ₹2.78 ₹85.23 2024 ₹53.00 ₹41.68 ₹8.96 ₹100.07 2025 ₹79.98 ₹60.65 ₹15.15 ₹123.04
Suba Hotels IPO Valuation – FY2025
Check Suba Hotels IPO valuation details like Earnings Per Share (EPS), Price/Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI Values ROE: 31.82% ROCE: 35.55% EBITDA Margin: 29.09% PAT Margin: 18.94% Debt-to-equity ratio: 1.06 Earning Per Share (EPS): ₹8.69 (Basic) Price/Earnings (P/E) Ratio: N/A Return on Net Worth (RoNW): 31.82% Net Asset Value (NAV): ₹27.29
Peer Group Comparison
Company EPS PE Ratio RoNW % NAV Income Royal Orchids Hotels Limited 17.32 29.81 20.58% 84.16 319.47 Cr. Sayaji Hotels Limited 1.18 247.58 1.30% 91.06 138.28 Cr.
IPO Lead Managers aka Merchant Bankers
- Unistone Capital Pvt. Ltd.
IPO Registrar
Bigshare Services Pvt. Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Company Address
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/