- Price band
- ₹105–111per share
- Issue size
- ₹75.47 Cr67,99,200 shares
- Face value
- ₹10per equity share
- Lot size
- 1,200 sharesMin. ₹1.33 L at the upper price
- Anchor biddingFri, 2025
- OpensMon, 2025
- ClosesWed, 2025
- AllotmentFri, 2025
- ListingTue, 2025
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue
- Fresh issue
- 67,99,200 shares (₹75.47 Cr)
- Offer for sale
- None
- Total issue
- 67,99,200 shares (₹75.47 Cr)
- Market maker portion
- 3,40,800 shares
- Face value
- ₹10
- Listing at
- NSE Emerge
- Promoter holding
- 84.69% → 60.93%
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail41.3%
- Anchor34.8%
- NII17.7%
- Market maker6.2%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 22,72,800 | 44.03% | 35% |
| Non-institutional investors (NII) | 9,72,000 | 18.83% | 15% |
| Qualified institutional buyers (QIB) | 32,13,600 | 62.25% | 50% |
| Anchor investors | 19,17,600 | 37.15% | — |
| Market maker | 3,40,800 | — | — |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2024-25, pre-issue- EPS (basic)
- ₹8.69
- EPS (diluted)
- ₹8.69
- P/E (FY 2024-25 at lower band)
- 12.09×
- P/E (FY 2024-25 at upper band)
- 12.78×
- RoNW
- 31.82%
- ROCE
- 35.55%
- NAV per share
- ₹27.29
- Debt to equity
- 1.06
- EBITDA margin
- 29.09%
- PAT margin
- 18.94%
Source: ProspectusUpdated
Financials
Consolidated, restated · ₹ crore| Period ended | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|
| Revenue from operations | 79.24 | 52.28 | 35.03 |
| Total income | 79.98 | 53.00 | 35.20 |
| EBITDA | 23.27 | 13.87 | 8.75 |
| Profit after tax | 15.15 | 8.96 | 2.78 |
| Net worth | 47.61 | 32.33 | 23.46 |
| Reserves and surplus | 30.17 | 27.57 | 18.70 |
| Total assets | 123.04 | 100.07 | 85.23 |
| Total borrowing | 50.23 | 45.73 | 46.09 |
FY 2024-25 vs FY 2023-24: revenue +51.6%, profit after tax +69.1%.
Source: ProspectusUpdated
About the company
Operates a mid-market hotel chain across owned, managed, revenue share and lease, and franchised models, with most hotels in tier 2 and 3 cities. The company's hotels are run under its own and third-party brands. Its promoters are Mansur Mehta, Mubeen Mehta and Click Hotels Private Limited.
- Incorporated
- 1997
- Industry
- Hospitality
- CIN
- U99999GJ1997PLC120713
- Website
- subahotels.com
Source: ProspectusUpdated
Promoters and shareholders
| Name | Type | Before issue | After issue |
|---|---|---|---|
| Click Hotels Private Limited | Promoter | 42.35% | 30.47% |
| Mansur Mehta | Promoter | 39.16% | 28.18% |
| Mubeen Mehta | Promoter | 1.59% | 1.14% |
| Shabnam Mehta | Promoter group | 1.59% | 1.14% |
| Munshi Holdings | Public | 15.31% | 11.02% |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Capital expenditure for upgrading and last-mile funding of hotel premises | 53.48 |
| General corporate purposes | 14.52 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Suba Hotels LimitedIssuer | ₹8.69 | 12.78× | 31.82% | ₹27.29 |
| Royal Orchids Hotels Limited | ₹17.32 | 29.97× | 20.58% | ₹84.16 |
| Sayaji Hotels Limited | ₹1.18 | 247.58× | 1.30% | ₹91.06 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Large mid-market hotel chain with 88 operational hotels and 4,096 keys as of July 2025.
- Asset-light mix of managed, franchised and revenue share models alongside owned hotels.
- Revenue and profit grew across FY 2023 to FY 2025 in the restated consolidated figures.
- Experienced promoters with long operating history in hospitality.
Risks
- A large share of revenue depends on owned hotels and revenue share and lease properties in key markets.
- Many hotels are on leased or licensed premises, so lease renewal terms may be adverse.
- Significant reliance on corporate and leisure accounts, with shifts in business travel possibly reducing demand.
- Net proceeds have not been appraised by any bank or independent agency, and orders for capex are not yet placed.
- Substantial borrowings, including unsecured loans from related parties repayable on demand.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (set at allotment) appear here after the shares list on NSE Emerge.
Frequently asked questions
When does the Suba Hotels IPO open and close?
According to the Prospectus, the issue opens on Monday, 29 September 2025 and closes on Wednesday, 1 October 2025.
What is the Suba Hotels IPO price band?
The price band is ₹105–111 per share, with a face value of ₹10.
What is the lot size of the Suba Hotels IPO?
One lot is 1,200 shares, which is ₹1.33 L at ₹111 per share.
Where will Suba Hotels shares list?
On NSE Emerge. The tentative listing date is Tuesday, 7 October 2025.
Who is the registrar of the issue?
Bigshare Services Private Limited (SEBI registration INR000001385). Allotment status is checked on the registrar's website.
How do I check the Suba Hotels IPO allotment status?
The basis of allotment is expected to be finalised on Friday, 3 October 2025. After that, search by PAN, application number or DP/client ID on the registrar's website (Bigshare Services Private Limited). Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹53.48 Cr for capital expenditure for upgrading and last-mile funding of hotel premises, ₹14.52 Cr for general corporate purposes.
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.