The hospitality sector’s newest IPO is creating significant buzz in the grey market as Suba Hotels Limited prepares to launch its ₹75.47 crore Initial Public Offering on September 29, 2025. The SME IPO has garnered attention from ace investors, boosting investor confidence and driving up the Grey Market Premium (GMP).
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Suba Hotels IPO Overview
| IPO Details | Information |
|---|---|
| Opening Date | September 29, 2025 |
| Closing Date | October 1, 2025 |
| Price Band | ₹105 – ₹111 per share |
| Issue Size | 67,99,200 equity shares |
| Total Issue Value | ₹75.47 crore |
| Lot Size | 1,200 shares |
| Listing Platform | NSE Emerge |
| Listing Date | October 7, 2025 |
| Market Cap (Post-Issue) | ₹269.12 crore |
Star Investor Participation Drives Interest
The IPO has received significant validation through anchor participation from prominent investors Ashish Kacholia and Mukul Agrawal. These ace investors are known for their successful track record in identifying promising SME stocks, with Mukul Agrawal’s portfolio including SME stocks that have delivered exceptional returns, including one that zoomed 4606% against its IPO price in just 3 years.
Ashish Kacholia, known for his strategic investments, maintains positions in multiple high-potential companies, making his participation in Suba Hotels IPO a strong endorsement for retail investors.
Grey Market Premium Analysis
While Suba Hotels IPO GMP is still developing in the grey market following the IPO announcement, early indicators suggest positive sentiment. The involvement of star investors typically leads to higher grey market premiums, reflecting market confidence in the company’s prospects.
The IPO GMP represents the difference between the issue price and estimated listing price in the grey market, providing investors with insights into expected listing performance.
Company Financial Performance
Suba Hotels reported impressive revenue growth, with revenues reaching ₹107.59 crores in 2025 against ₹54.34 crores in the previous year, demonstrating strong business momentum. This nearly 100% revenue growth showcases the company’s expansion trajectory in India’s hospitality sector.
Investment Requirements and Allocation
The IPO allocation includes 35% for retail investors, 50% for QIBs (including anchor investors with up to 60% discretionary allocation), and 15% for HNIs. For retail investors, the minimum investment required is ₹2,66,400 for 2 lots (2,400 shares), while HNI investors need at least ₹3,99,600 for 3 lots.
Business Expansion Plans
The company operates in India’s rapidly growing hospitality sector and plans to utilize the IPO proceeds for business expansion in high-potential domestic and international markets. The timing aligns well with the recovery and growth phase of the hospitality industry post-pandemic.
SME Platform Advantages
Listing on NSE Emerge provides Suba Hotels with access to growth capital while offering investors exposure to the SME hospitality segment. The SME platform has been instrumental in providing growth opportunities for emerging companies.
Market Sentiment and Outlook
The participation of seasoned investors like Ashish Kacholia and Mukul Agrawal signals strong fundamentals and growth potential. Their involvement often acts as a quality indicator for retail investors evaluating SME IPO opportunities.
The hospitality sector’s recovery trajectory, combined with the company’s strong financial performance and strategic investor backing, positions Suba Hotels IPO favorably in the current market environment.
Key Dates Timeline
- IPO Opening: September 29, 2025
- IPO Closing: October 1, 2025
- Allotment Date: October 3, 2025
- Listing Date: October 7, 2025
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Frequently Asked Questions
Q: What is the price band and minimum investment for Suba Hotels IPO?
A: Suba Hotels IPO is priced between ₹105-₹111 per share with a lot size of 1,200 shares. The minimum investment for retail investors is ₹2,66,400 for 2 lots (2,400 shares), while HNI investors need to invest at least ₹3,99,600 for 3 lots (3,600 shares).
Q: Which prominent investors have participated in Suba Hotels IPO as anchor investors?
A: The Suba Hotels IPO has received anchor participation from ace investors Ashish Kacholia and Mukul Agrawal, both known for their successful track record in identifying promising SME stocks. Mukul Agrawal’s portfolio includes SME stocks that have delivered over 4600% returns, making their participation a strong endorsement.
