Overview

• The public offer opens on September 29 and closes on October 1, with applications in lots of 1,200 shares.
• The issue is an entirely fresh sale of up to 67.99 lakh equity shares priced at Rs 105–111, implying proceeds of Rs 75.47 crore at the top end.
• A little over 19.17 lakh shares were allocated to anchor investors at Rs 111 each, raising more than Rs 21 crore.
• Proceeds are earmarked for upgrades and last-mile funding of hotel premises along with general corporate purposes.
• Suba Hotels, founded in 1997, operates 88 mid-market hotels and reported FY25 revenue of Rs 79.24 crore and PAT of Rs 15.15 crore, with Unistone Capital as lead manager and Bigshare Services as registrar.