Suba Hotels IPO
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Schedule of Suba Hotels
| Issue open date | 29 Sep 2025 |
| Issue close date | 01 Oct 2025 |
| UPI mandate deadline | 01 Oct 2025 (5 PM) |
| Allotment finalization | 03 Oct 2025 |
| Refund initiation | 06 Oct 2025 |
| Share credit | 06 Oct 2025 |
| Listing date | 07 Oct 2025 |
| Mandate end date | 16 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 02 Nov 2025 |
| Lock-in end date for anchor investors (remaining) | 01 Jan 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Suba Hotels
Suba Hotels is one of India’s largest mid-market hotel chains with 88 operational hotels (4,096 keys) across 50+ cities and 40 more in the pipeline. About 81% of its hotels are in Tier 2 and 3 cities, targeting business, leisure, and religious travelers at competitive prices. It operates across owned, managed, lease/revenue share, and franchised models, with brands spanning domestic and international markets. Promoted by Mansur and Mubeen Mehta, the chain has grown through strategic acquisitions, including 1589 Hotels, and became Choice Hotels’ master franchisee in 2022.
Financials of Suba Hotels
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹75.47 crores |
| Fresh Issue | ₹75.47 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding capital expenditure towards upgradation | 53.48 (70.87%) |
| General corporate purposes | 21.99 (29.13%) |
Strengths
- Leading mid-scale hotel chain with 88 hotels and 40 in pipeline.
- Strong presence in Tier 2 & 3 cities across 50+ locations.
- Diverse models: owned, managed, lease/revenue share, franchise.
- Proven track record in revamping underperforming hotels.
- Experienced promoters with decades in hospitality.
Risks
- Heavy reliance on owned and lease/revenue share hotels.
- Travel preference shifts may reduce room demand.
- Dependence on leased properties; renewal risks.
- Choice Hotels franchise loss may impact revenue.
- Online agents’ dominance may lower margins.
Allotment Status for Suba Hotels
To check your allotment status – click here.