Suba Hotel came to market through an SME IPO that opened on 29 September 2025 and closed on 1 October 2025, and the shares listed on 7 October 2025 on NSE SME. The price band was ₹105 to ₹111 per share and one lot was 1200 shares, so the minimum application was ₹1,33,200. The issue size was ₹75.47 crore. The whole issue was fresh shares, so the money raised went to the company.
Bigshare Services Pvt.Ltd was the registrar to the issue, and Unistone Capital Pvt.Ltd was the lead manager.
As of 3 October 2025.
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Founded in October 1997, Suba Hotels Limited is a local hotel chain in the mid-market segment with 88 hotels operational. As of July 2025, the group has 88 hotels operational with 4,096 keys spread over 50 cities, majorly located in tier 2 and 3 cities.
In addition, 40 hotels are under pre-opening with 1831 rooms to be added to its inventory.The company has its operations in the mid-market hotel segment covering upscale, upper-midscale, midscale and economy brands both domestic and international.
As of July 31, 2025, the company has five owned hotels with 227 rooms, 19 managed hotels with 156,551 rooms, 14 revenue share & 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).
As described in the offer document.
| Metric | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
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Click Hotels Private Limited, Mansur Mehta, Mubeen Mehta.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Suba Hotel IPO was a ₹75.47 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹105–₹111 per share with a lot size of 1,200 shares; the minimum retail application was 2,400 shares (₹2,66,400). The IPO was open from September 29 to October 1, 2025 and was subscribed 15.4x. Shares listed on NSE SME on October 7, 2025 at ₹154.20, a 38.9% premium to the issue price of ₹111. Bigshare Services Pvt. Ltd. is the registrar.
Unistone Capital Pvt. Ltd. is the book running lead manager.
The price band of Suba Hotel IPO is ₹105 to ₹111 per share.
The lot size of Suba Hotel IPO is 1200 shares.
The minimum investment for Suba Hotel IPO is approximately ₹2,66,400 based on the upper price band.
The allotment date of Suba Hotel IPO is Oct 3, 2025.
You can check Suba Hotel IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Suba Hotel IPO allotment status on Rupix for quick and easy access.
₹105 to ₹111 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1200 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,33,200. After listing, SME shares also trade in lots rather than one share at a time.
₹1,33,200, for one lot of 1200 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 29 September 2025 and closed on 1 October 2025.
The basis of allotment was published on 3 October 2025 by Bigshare Services Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 7 October 2025 on NSE SME.
The issue size was ₹75.47 crore. The fresh issue was 67,99,200 shares (aggregating up to ₹75.47 crore).