
Emerging SME Services · NSE
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.
Price Band
₹105 – ₹111
Issue Size
₹75.47 Cr
Lot Size
1200 shares
GMP
Est. Listing
₹111
at current GMP
Subscribed
15.40x
overall
Open
29 Sep 2025
Close
1 Oct 2025
Allotment
3 Oct 2025
Refund
4 Oct 2025
Demat Credit
5 Oct 2025
Listing
7 Oct 2025
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹111
Band: ₹105 – ₹111
Estimated Listing Price
₹111
Upper price + GMP
Lot Size
1200 shares
Min investment ₹1,33,200
Estimated Profit / Lot
₹0
1200 × ₹0
Grey Market Premium trend
—
▼ 5 today
Updated about 1 year ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 25 Sep 2025 | — | 0.0% | ₹111 |
| 29 Sep 2025 | +₹5 | 4.5% | ₹116 |
| 30 Sep 2025 | +₹2 | 1.8% | ₹113 |
| 1 Oct 2025 | +₹2 | 1.8% | ₹113 |
| 3 Oct 2025 | +₹5 | 4.5% | ₹116 |
| 5 Oct 2025 | +₹3 | 2.7% | ₹114 |
| 6 Oct 2025 | — | 0.0% | ₹111 |
GMP is unofficial market data. Not a guarantee of listing performance.
Suba Hotels Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹75.47 Crores. The shares are offered at a price band of ₹105 to ₹111 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2025-10-01, the basis of allotment is scheduled to be finalized on 2025-10-03. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.
The latest grey market premium for Suba Hotels Limited IPO is ₹0, which indicates an expected listing price of ₹111.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.