
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
Overall Subscription
15.40x
Total Demand
QIB Multiplier
20.98x
Institutions & Funds
NII / HNI
22.76x
High Net-Worth
Retail (RII)
9.07x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,296,000 | 27,194,400 | 20.98x |
| NIB | 972,000 | 22,125,600 | 22.76x |
| HNIs(10L +) | 648,000 | 18,018,000 | 27.81x |
| HNIs (2-10L) | 324,000 | 4,107,600 | 12.68x |
| RETAIL | 2,272,800 | 20,616,000 | 9.07x |
| Total | 5,512,800 | 92,061,600 | 15.40x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 27 | 0.00x |
| NIB | — | 2,664 | 0.00x |
| RETAIL | 947 | 8,590 | 9.07x |
| HNIs(10L +) | — | 1,589 | 0.00x |
| HNIs (2-10L) | — | 1,075 | 0.00x |
| Total Applications | 947 | 13,945 | 14.73x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Currently, Suba Hotels Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹105 to ₹111 per equity share.
The retail lot size is 1200 shares requiring a minimum application amount of ₹1,33,200. Expected listing price is ₹111 per equity share.
The Suba Hotels Limited IPO aggregate issue size is ₹75.47 Crores with an equity price band set at ₹105 to ₹111 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,33,200.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 15.40x (Retail: 9.07x, QIB: 20.98x, NII: 22.76x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2025-10-03. Investors can verify status using PAN card or application number.
Suba Hotels Limited shares are scheduled to list on NSE on 2025-10-07.