The listing day for Suba Hotels turned into a strong debut story in the stock market today. Shares of the hospitality company opened at ₹154.20 per share on the NSE Emerge platform, marking a solid 38.92% premium over the IPO price of ₹111.
The listing performance reflected the strong investor sentiment that built up during the IPO phase, translating into a confident start for the company on Dalal Street.
Suba Hotels IPO Overview
The company stepped into the capital markets to raise ₹75.47 crore through its Initial Public Offering (IPO).
Here’s a quick snapshot of the issue structure:
- Issue Size: ₹75.47 crore
- Issue Type: 100% fresh issue
- Number of Shares: 67.99 lakh shares
- Price Band: ₹105–₹111 per share
- Minimum Lot Size: 1,200 shares (₹1,33,200 at upper band)
The IPO saw strong participation, with bids pouring in from investors during the three-day bidding window between September 29 and October 1. It was subscribed over 15 times, signaling a robust demand from the market.
Purpose of the IPO
Suba Hotels plans to channel the funds raised through the IPO toward key business needs:
- Upgrading existing hotel properties
- General corporate purposes to strengthen operations
This capital infusion aims to support the company’s continued expansion and enhance its brand presence in the hospitality space.
Company Background
Founded in 1994, Suba Hotels began its journey with a small but ambitious start. What began as a 10-room guest house called Suba Guest House—managed by Mr. Abubaker Mehta—has evolved into a growing hospitality chain recognized across India.
That modest start soon became Hotel Suba Palace, marking the birth of a brand now known for its blend of comfort, service, and modern hospitality.
Today, Suba Hotels has grown into a well-established name in the industry, with:
- 129+ properties
- Presence in over 72 cities across India
This wide footprint reflects the company’s steady expansion and ability to adapt to India’s evolving travel and hospitality trends.
Market Sentiment and Debut Takeaway
Suba Hotels’ successful listing at a 39% premium highlights investor confidence in the company’s business model and growth story.
The market debut also adds momentum to the SME IPO segment, where strong listing premiums have become a recurring theme in recent weeks.
While Suba Hotels’ performance on listing day was driven by strong participation and brand recall, its next phase will be about sustaining growth in a competitive hospitality market.
Summary
To sum it up:
- Listing Price: ₹154.20 per share
- Listing Premium: 38.92%
- IPO Size: ₹75.47 crore
- Subscription: 15x during bidding period
- Founded: 1994
- Properties: 129+ across 72 cities
Suba Hotels’ journey from a 10-room guest house to a public company with over 129 properties stands as a reminder of how consistency and service quality can shape long-term success in hospitality.
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