Suba Hotels
Closed
Closed
IPO Timeline
Issue open date
29 Sep 2025Issue close date
1 Oct 2025UPI mandate deadline
1 Oct 2025Allotment finalization
3 Oct 2025Refund initiation
6 Oct 2025Share credit
6 Oct 2025Listing date
7 Oct 2025Mandate end date
16 Oct 2025Lock-in end date for anchor investors (50%)
2 Nov 2025Lock-in end date for anchor investors (remaining)
1 Jan 2026Grey Market Premium Trend
₹8
Current GMP
₹119
Est. Listing Price
7.2%
Est. Listing Gain
₹105 - ₹111
Price Band
GMP History
| Date | GMP (₹) | Est. Listing Price (₹) | Est. Listing Gain |
|---|---|---|---|
| 3 Oct | ₹8 | ₹119 | 7.21% |
| 2 Oct | ₹7 | ₹118 | 6.31% |
| 1 Oct | ₹7 | ₹118 | 6.31% |
| 30 Sep | ₹7 | ₹118 | 6.31% |
| 29 Sep | ₹5 | ₹116 | 4.50% |
| 28 Sep | ₹10 | ₹121 | 9.01% |
| 27 Sep | ₹7 | ₹118 | 6.31% |
| 26 Sep | ₹7 | ₹118 | 6.31% |
| 25 Sep | ₹0 | ₹111 | 0.00% |
| 24 Sep | ₹0 | ₹111 | 0.00% |
| 23 Sep | ₹0 | ₹111 | 0.00% |
Key Dates
Open
29 Sep 2025Close
1 Oct 2025Listing
7 Oct 2025Quick Stats
Issue Size:75cr
Lot Size:1200 shares
Issue Details
Issue Size:75cr
Face Value:₹10
Listing At:NSE SME
Additional Resources
About the Company
Suba Hotels is one of India’s largest mid-market hotel chains with 88 operational hotels (4,096 keys) across 50+ cities and 40 more in the pipeline. About 81% of its hotels are in Tier 2 and 3 cities, targeting business, leisure, and religious travelers at competitive prices. It operates across owned, managed, lease/revenue share, and franchised models, with brands spanning domestic and international markets. Promoted by Mansur and Mubeen Mehta, the chain has grown through strategic acquisitions, including 1589 Hotels, and became Choice Hotels’ master franchisee in 2022.
Strengths
- Leading mid-scale hotel chain with 88 hotels and 40 in pipeline.
- Strong presence in Tier 2 & 3 cities across 50+ locations.
- Diverse models: owned, managed, lease/revenue share, franchise.
- Proven track record in revamping underperforming hotels.
- Experienced promoters with decades in hospitality.
Risks
- Heavy reliance on owned and lease/revenue share hotels.
- Travel preference shifts may reduce room demand.
- Dependence on leased properties; renewal risks.
- Choice Hotels franchise loss may impact revenue.
- Online agents’ dominance may lower margins.
Suba Hotels IPO – Frequently Asked Questions
- The price band for the Suba Hotels IPO is set at ₹105 to ₹111 per share.
- The Suba Hotels IPO opens on September 29, 2025 and closes on October 1, 2025.
- The tentative listing date for the Suba Hotels IPO is October 7, 2025.
- You can apply for the Suba Hotels IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Suba Hotels, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Suba Hotels IPO is 1200 shares. Investors must apply for at least one lot (i.e., 1200 shares).