Suba Hotels
September 29, 2025 – October 1, 2025
| Price | ₹105 - ₹111 |
| GMP Rumors * | ₹0 |
|---|---|
| Lot size | 1200 |
| Allotment | Oct 3, 2025 |
| Listing | Oct 7, 2025 |
Suba Hotels Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 2400 | 266400 | 942 |
| sHNI | 3 | 3600 | 399600 | 90 |
| bHNI | 8 | 9600 | 1065600 | 179 |
Suba Hotels Reservation
| Category | Shares Offered | % |
|---|---|---|
| QIB | 3229200 | 47.5% |
| HNI | 968400 | 14.24% |
| INDIVIDUAL | 2260440 | 33.25% |
| Market Maker | 340800 | 5.01% |
| Total | 6798840 | 100% |
Suba Hotels About
IPO Details
| Total Issue Size | 67,99,200 shares (aggregating up to ₹75.47 Cr) |
| Fresh Issue | 67,99,200 shares (aggregating up to ₹75.47 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 |
| Reserved for Market Maker | 67,99,200 shares (aggregating up to ₹3.78 Cr) |
| Market Maker | NNM Securities Pvt.Ltd. |
Key Performance Indicator (KPI)
| KPI | FISCAL-25 | FISCAL-24 | FISCAL-23 |
|---|---|---|---|
| ROE | 31.82% | 27.71% | 11.86% |
| ROCE | 35.55% | 26.80% | 22.37% |
| DEBT/ EQUITY | 1.06 | 1.41 | 1.96 |
| P/E Pre IPO | 12.78 | ||
| P/E Post IPO | 17.76 |
Company Financial (In ₹Crore)
| Period Ended | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Assets | 123.04 | 100.07 | 85.23 |
| Total Income | 79.98 | 53 | 35.2 |
| Profit After Tax | 15.15 | 8.96 | 2.78 |
| EBITDA | 23.27 | 8.75 | 13.87 |
| NET Worth | 47.61 | 32.33 | 23.46 |
| Reserves and Surplus | 30.17 | 27.57 | 18.7 |
| Total Borrowing | 50.23 | 45.73 | 46.09 |
About Company
- Incorporation: Established in October 1997, Suba Hotels Limited is a domestic hotel chain operating in the mid-market segment.
- Current Operations (as of July 2025):
- 88 operational hotels with 4,096 keys across 50 cities, primarily in Tier 2 and Tier 3 locations.
- 40 hotels in the pre-opening phase, expected to add 1,831 rooms.
- Business Segments: Operates across upscale, upper-midscale, midscale, and economy brands, both in India and internationally.
- Operational Model (as of July 31, 2025):
- 5 owned hotels with 227 rooms.
- 19 managed hotels with 156,551 rooms.
- 14 revenue share & lease hotels with 823 rooms.
- 48 franchised hotels with 2,469 rooms.
- Owned Properties Location: Ahmedabad, Bhuj, Junagadh, Vadodara (Gujarat) and Pithampur (Madhya Pradesh).
Strength
Leading Mid-Market Hotel Chain: One of India’s largest domestic hotel chains in the mid-scale sector with 88 operational hotels (4,096 keys) and 40 upcoming hotels, with strong presence in Tier 2 and 3 cities.
Wide Geographical Coverage: Extensive footprint across over 50 cities in India, with focus on underserved Tier 2 and 3 markets, tapping into large unbranded hotel inventory opportunities.
Strong Sales & Distribution Network: Established marketing network with dedicated sales teams, corporate tie-ups, and partnerships with major travel agencies, strengthening brand visibility and customer reach.
Weakness
High Dependence on Owned & Leased Hotels: Revenue is largely dependent on owned and revenue share/lease hotels; any adverse impact in these geographies can affect financial performance.
Changing Travel Preferences: Shifts in corporate and leisure travel demand due to cost, technology, or consumer habits may reduce room occupancy and revenue.
Lease Agreement Risks: Reliance on third-party leased properties poses risks if terms are unfavorable, agreements lapse, or renewals fail.
Suba Hotels Lead Manager(s)
Suba Hotels Address
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/
Suba Hotels Registrar
Suba Hotels Reviewers
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