Suba Hotels Ltd Logo

Suba Hotels Ltd IPO

NSELot: 1200

LISTEDSME
Issue Price111
Listing127.65
Current119
Price Band
105 - ₹111
Lot Size
1,200
Issue Size
₹75.47 Cr
GMP
0
Subscription
0.62x

IPO Schedule

1
Open
29 Sept
2
Close
1 Oct
3
Allotment
3 Oct
4
Listing
7 Oct

About Suba Hotels Ltd

Suba Hotels Ltd operates as a hospitality chain, managing and franchising hotels under various brands. The company focuses on providing mid-segment and budget accommodation across India.

Subscription Status

QIB
1.17x
NII
0.92x
Retail
0.17x
CategoryDay 3Day 2Day 1
QIB20.98x1.17x1.17x
NII22.41x1.35x0.92x
Retail9.07x0.36x0.17x
Total15.33x0.80x0.62x

Risk Factors

Intense competition from established hotel chains and online travel agencies (OTAs).
Fluctuations in occupancy rates and average room rates (ARR) due to seasonality and economic conditions.
Dependence on maintaining positive relationships with franchisees and ensuring consistent brand standards.

Promoters & Management

The key management team of Suba Hotels Limited includes: Mansur Mehta: Chairman and Managing Director. He holds a bachelor's degree in commerce and has over 30 years of experience in the logistics industry. Mubeen Mehta: Whole-Time Director and CEO. He holds a bachelor's degree in commerce and a certificate in human resources practices. Girish Somnath Bhatt: Executive Director and Chief Financial Officer. He holds a bachelor's degree in commerce and has over 30 years of experience in accounting and finance. Sonam Aggarwal: Company Secretary and Compliance Officer. She holds a bachelor's degree and is a fellow of The Institute of Company Secretaries of India. The board of directors consists of six members, including three executive directors and three independent directors. The independent directors are Chandrashekar Payannavar, Nidhi Shah, and Sunil Patel. The company has established an audit committee, a nomination and remuneration committee, a stakeholders' relationship committee, and a corporate social responsibility committee.