
Suba Hotels Ltd IPO
NSELot: 1200Hotels & Restaurants
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
| Category | Day 3 | Day 2 | Day 1 |
|---|---|---|---|
| QIB | 20.98x | 1.17x | 1.17x |
| NII | 22.41x | 1.35x | 0.92x |
| Retail | 9.07x | 0.36x | 0.17x |
| Total | 15.33x | 0.80x | 0.62x |
Risk Factors
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.