Suba Hotels IPO Anchor Book Fully Subscribed At Upper Band, Raises Rs 21.29 Cr

Prior to its Initial Public Offering (IPO) opening on September 29, 2025, Suba Hotels Limited, one of India's fastest-growing mid-market hotel chains, achieved a milestone by having its anchor investor book completely subscribed at the upper price range of Rs 111 per share.

With the participation of three of India's most renowned investors, Bengal Finance & Investment Pvt. Ltd. (Ashish Kacholia), Mukul Agrawal, and Sunil Singhania (via Bharat Venture Opportunities Fund), in addition to Capri Global and other reputable institutions, the company successfully raised Rs 21.29 crore through the anchor allocation of 19,17,600 equity shares.

Strong belief in Suba Hotels' growth potential, asset-light business model, and statewide development strategy is demonstrated by the unique happening of marquee investors participating in a single anchor round in the SME IPO issue of Suba Hotels.

Mr. Mansur Mehta, Chairman & Managing Director, Suba Hotels Limited, said: "The anchor participation from such reputed investors is a strong endorsement of Suba Hotels' journey. With our diversified portfolio, asset-light strategy, and global brand partnerships, we are poised to capture the next phase of growth in India's hospitality sector."

Mr. Mubeen Mehta, Chief Executive Officer, Suba Hotels Limited, added: "This historic anchor response validates our vision and strategy. With a growing footprint in Tier 2 and Tier 3 cities, disciplined expansion, and a guest-first approach, we are confident of delivering sustained value to all stakeholders."

The book build issue of Rs 75.47 crores has been announced by Suba Hotels Ltd. With 0.68 crore shares worth Rs 75.47 crore, the offering is completely new. IPO subscriptions for Suba Hotels will commence on September 29, 2025, and end on October 1, 2025. It is projected that the Suba Hotels IPO allocation would be completed on October 3, 2025. On October 7, 2025, Suba Hotels' initial public offering (IPO) is scheduled to go live on the NSE SME.

Suba Hotels IPO price band is fixed at Rs 105.00 to Rs 111.00 per share and the lot size for an application is 1,200 as per the DRHP. A minimum of 2,400 shares and multiples of 1,200 shares are available to bid by investors.

Bigshare Services Pvt. Ltd. is the IPO's registrar, and Unistone Capital Pvt. Ltd. is the book running lead manager. NNM Securities Pvt. Ltd. is the company's market maker.

The company's high profitability and scalability were demonstrated in FY25 when it recorded revenue of Rs 7,924.32 lakhs, EBITDA of Rs 2,327.12 lakhs with a margin of 29.09%, and PAT of Rs 1,515.14 lakhs with a margin of 18.94%. As of August 31, 2025, Suba Hotels has 40 scheduled properties with 1,831 rooms and runs 88 hotels with 4,158 keys in more than 50 locations.