
Suba Hotels IPO GMP & Review: Should You Apply or Avoid?
Mon Sep 29 2025

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Suba Hotels IPO is open for bidding from 29th September 2025 to 1st October 2025. It is a book-building IPO of ₹75.47 crores, comprising an entirely fresh issue of ₹0.68 crore. The problem will be listed on NSE and SME on its tentative listing date, 7th October 2025.
Suba Hotels IPO Details
The Suba Hotels IPO date is scheduled between September 29, 2025, and October 1, 2025. The face value of Suba Hotels’ IPO shares is ₹10 per share, and the IPO price is set at ₹105 to ₹111 per share.
Bigshare Services Private Limited is the registrar of the Suba Hotels IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
| IPO Open Date | 29th September 2025 |
| IPO Close Date | 1st October 2025 |
| IPO Allotment Date | 3rd October 2025 |
| Refund Initiation | 6th October 2025 |
| Issue Size | 67,99,200 shares(aggregating up to ₹75.47 Cr) |
| Face Value | ₹10 per share |
| Lot Size | 4,000 shares |
| Issue Price Final | ₹105 to ₹111 per Share |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE & NSE |
| Listing Date | 7th October 2025 |
Suba Hotels IPO Share Reservation
Suba Hotels IPO is a book-building issue of ₹75.47 crores, comprising an entirely fresh issue of ₹0.33 crores, which will be listed on the NSE and SME. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
| Investor Categories | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the net offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net offer |
Suba Hotels IPO GMP Grey Market Premium
GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Would you like to receive live updates on the Suba Hotels IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
| 26-09-2025 | ₹- | ₹- | ₹- | ₹- |
| 25-09-2025 | ₹- | ₹- | ₹- | ₹- |
| 24-09-2025 | ₹111.00 | ₹0.00 | ₹111.00 | 0.00% |
| 23-09-2025 | ₹111.00 | ₹0.00 | ₹111.00 | 0.00% |
| 22-09-2025 | ₹111.00 | ₹0.00 | ₹111.00 | 0.00% |
| 21-09-2025 | ₹111.00 | ₹0.00 | ₹111.00 | 0.00% |
| 20-09-2025 | ₹111.00 | ₹0.00 | ₹111.00 | 0.00% |
As of 24th September 2025, Suba Hotels IPO GMP stands at ₹0 per share, indicating that the share is likely to list at ₹111 on its tentative listing date, 7th October 2025.
GMP data is subject to change based on market trends and sentiments. Please verify the live GMP status before applying for the Suba Hotels GMP. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends.
Suba Hotels IPO GMP Review
Check out the detailed Suba Hotels GMP IPO review for a thorough understanding of its potential to report listing gains on 7th October 2025. The Suba Hotels IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Therefore, it is crucial to comprehend the business’s financial growth margins and declines before applying for the Suba Hotels IPO.
Suba Hotels Limited’s revenue increased by 51% from ₹53.00 crores in March 2024 to ₹79.98 crores in March 2025. Moreover, the company’s PAT rose by 69% from ₹8.96 crores to ₹15.15 crores.
Suba Hotels Limited’s IPO has shown consistent revenue growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for the Suba Hotels IPO for its tentative listing day, 7th October 2025.
Technical Analysis
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Suba Hotels IPO.
| Key Indicators | Value |
| PE Ratio (Price-to-Earnings) | 12.78 |
| EPS (Earnings Per Share) | 8.69 |
| RoNW | 31.82% |
| ROCE | 35.55% |
| ROE | 31.82% |
| PAT Margin | 18.94% |
| Price to Book Value | 4.07 |
| Market Capitalisation | ₹269.09 Cr |
The P/E ratio of Suba Hotels Limited’s share is 12.78, and its Earnings Per Share (EPS) stands at 8.69. Thus, the Suba Hotels Limited IPO can potentially deliver gains on its tentative listing date, 7th October 2025.
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Suba Hotels Limited are subject to change after the IPO. Refer to the table below for post-issue updates on these two metrics.
Suba Hotels Limited IPO Peer Comparison
| Company Name | EPS | P/E Ratio | RoNW | Face value | Revenue |
| Suba Hotels Limited | 8.69 | – | 31.82 | ₹10 | 79.98 |
| Royal Orchids Hotels Limited | 1.75 | 17.95 | 2.03 | ₹10 | 343 |
| Sayaji Hotels Limited | 53.43 | 25.60 | 19.42 | ₹10 | 142 |
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Suba Hotels IPO Subscription Status
The Suba Hotels IPO is scheduled to open for bidding on September 29, 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Suba Hotels IPO subscription status.
| Investor Categories | Shares Offered | Shares Subscribed | Subscription to the Times |
| QIB Shares Offered | Not more than 50% of the Net offer | Yet to be announced | Yet to be announced |
| Retail Shares Offered | Not less than 35.00% of the net offer | Yet to be announced | Yet to be announced |
| NII (HNI) Shares Offered | Not less than 15% of the Net offer | Yet to be announced | Yet to be announced |
| Total Shares Offered | 55,00,000 | Yet to be announced | Yet to be announced |
About Suba Hotels Limited
Suba Hotels Limited was established in October 1997. Suba Hotels Limited is a domestic hotel chain in the mid-market sector with 88 operational hotels. As of July 2025, the group manages 88 operational hotels, comprising 4,096 keys, across 50 cities, predominantly in Tier 2 and 3 cities. Additionally, 40 hotels are in the pre-opening phase, adding 1831 rooms to its portfolio. The company operates in the mid-market hotel sector, encompassing upscale, upper-midscale, midscale, and economy brands, both domestically and internationally. As of July 31, 2025, the company operates five owned hotels with 227 rooms, 19 managed hotels with 156,551 rooms, 14 revenue-share and lease hotels with 823 rooms, and 48 franchised hotels with 2,469 rooms. The company owns hotels in Ahmedabad, Bhuj, Junagadh, Vadodara (Gujarat) and Pithampur (Madhya Pradesh).
Suba Hotels Limited Financials
The company’s financial analysis is essential before applying for the Suba Hotels IPO. Refer to the table to learn about Suba Hotels Limited’s financial information.
| Year Ended | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) | 31st March 2022 (in cr) |
| Assets | 123.04 | 100.07 | 85.23 |
| Revenue | 79.98 | 53.00 | 35.20 |
| Profit After Tax | 15.15 | 8.96 | 2.78 |
| Net Worth | 47.61 | 32.33 | 23.46 |
| EBITDA | 23.27 | 8.75 | 13.87 |
| Reserve and Surplus | 30.17 | 27.57 | 18.70 |
| Total Borrowing | 50.23 | 45.73 | 46.09 |
Explanation
Suba Hotels Limited’s revenue increased by 51% from ₹53.00 crores in March 2024 to ₹79.98 crores in March 2025. Moreover, the company’s PAT rose by 69% from ₹8.96 crores to ₹15.15 crores.
Suba Hotels IPO Bidding Requirements
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 thereof. The following table represents the minimum and maximum investments by individual investors (retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
| Individual Investors (Retail) (Min) | 2 | 2,400 | ₹2,66,400 |
| Individual Investors (Retail) (Max | 2 | 2,400 | ₹2,66,400 |
| S-HNI (Min) | 3 | 3,600 | ₹3,99,600 |
| S-HNI (Max) | 7 | 8,400 | ₹9,32,400 |
| B-HNI (Min) | 8 | 9,600 | ₹10,65,600 |
Suba Hotels’ IPO has reserved lot sizes for different investor categories. Refer to the table below to view the requirements for applying to this IPO.
Use the lot size calculator to find how many shares you should apply for!
Suba Hotels IPO Promoter Holding
Refer to the table below to review the holdings of Suba Hotels Limited’s promoters: Sanjay Singhania, Ajay DD Singhania, Bajrang Bothra, Laxmi Pat Bothra and Nikhil Bothra.
| Share Holding Pre-Issue | 84.69% |
| Share Holding Post-Issue | – |
Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue – Share Holding Post-Issue.
Aim of the Suba Hotels IPO
The primary aim of the Suba Hotels IPO is to raise ₹75.47 crore. On the other hand, Suba Hotels has decided to utilise these funds in different ways. Explore some of the secondary objectives for the Suba Hotels IPO.
- To fund the Capital Expenditure Requirements towards the upgradation and last-mile funding of hotel premises
- To General Corporate Purposes
Should I Invest in the Suba Hotels IPO?
Explore the pros and cons of Suba Hotels to know whether you should apply or avoid the issue. These pros and cons may help you understand the IPO’s efficiency in generating profits in the coming decades.
Pros of Suba Hotels IPO
- The company has a wide geographical coverage.
- The company has experienced promoters and management teams
- The company has the Ability to acquire underperforming hotels and improve performance through renovation or rebranding.
Cons of Suba Hotels IPO
- The company has high capital expenditure and maintenance costs
- The company has revenue down heavily during periods of high demand
- The company has dependence on the external factors such as travel, tourism, etc
How to Apply for the Suba Hotels IPO?
Please follow the steps outlined below to apply for a position at Suba Hotels Limited.
- Step 1: Conduct thorough research on the Suba Hotels IPO, including GMP, subscription status, issue size, lot size, and other relevant details.
- Step 2: Open a demat account with Univest to access real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Place a bid for two lots of 2,400 shares, valued at ₹2,66,400.
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the Suba Hotels IPO from more than one demat account to increase your chances of allotment.
How to Check the Suba Hotels IPO Allotment Status?
You can check whether the Suba Hotels IPO allotment has been completed in different ways. These include BSE and the registrar portal. Refer to the steps below to check your allotment status online.
Check On NSE
- Visit the NSE Official Website.
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose the Suba Hotels IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar’s website.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your Suba Hotels IPO allotment status.
Let’s Wrap
Suba Hotels’ IPO is a fresh issue of shares worth ₹75.47 crore. The shares of Suba Hotels Limited will be listed on NSE and SME on its tentative listing date of 7th October 2025. Researching the Suba Hotels IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.
Open a demat account on Univest now to initiate your investment journey!
FAQs on Suba Hotels IPO
How is the Suba Hotels IPO?
Ans. Currently, on 24th September 2025, the Suba Hotels IPO GMP (Grey Market Premium) stands at ₹0. It indicates that the estimated listing price could be ₹111 per share. It is a book-building IPO of ₹75.47 crores, comprising an entirely fresh issue of 0.68 crore shares. The face value of each share of Suba Hotels Limited is ₹10 per share.
What is the IPO price of Suba Hotels?
Ans. The DSM Projects IPO price is set at ₹105 to ₹111 per share. Retail investors can apply for a minimum of 2 lots, each consisting of 2,400 shares, worth ₹2,66,400. Moreover, HNIs are required to bid for a minimum of 3 lots (3,600 shares) worth ₹3,99,600.
Is the Suba Hotels IPO a good investment?
Ans. Suba Hotels Limited’s revenue increased by 51% from ₹53.00 crores in March 2024 to ₹79.98 crores in March 2025. Moreover, the company’s PAT rose by 69% from ₹8.96 crores to ₹15.15 crores.
Who is the registrar of the Suba Hotels IPO?
Ans. Bigshare Services Private Limited is the registrar of the Suba Hotels IPO, responsible for managing the allotment procedure and initiating refunds. For any queries regarding the Suba Hotels allotment and refund, you can contact Bigshare Services Private Limited at ipo@bigshareonline.com or +91-22-6263 8200.
What is the issue size of the Suba Hotels IPO?
Ans. Suba Hotels’ IPO is a book-building IPO of ₹75.47 crores, comprising an entirely fresh issue of 0.68 crore shares. Moreover, the IPO is set to open on 29th September 2025 and will be closed on 1st October 2025.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Suba Hotels IPO, download the Suba Hotels IPO RHP and the Suba Hotels IPO DRHP. Conduct thorough research before investing in IPOs to minimise the risk of significant losses. You can also consult your financial advisor.
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