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Suba Hotels IPO receives historic anchor participation; raises ₹21.29 crore

Marquee investors back India’s fast-growing mid-market hospitality chain.

Mubeen Mehta, Chief Executive Officer, Suba Hotels
Mubeen Mehta, Chief Executive Officer, Suba Hotels

Suba Hotels Limited has created history with its Anchor Investor Book fully subscribed at the upper price band of ₹111 per share, ahead of its Initial Public Offering (IPO) opening on September 29, 2025.

Strong participation from marquee investors

The Company successfully raised ₹21.29 crore through the anchor allocation of 19,17,600 equity shares, marking a milestone with the participation of three of India’s most celebrated investors — Bengal Finance & Investment Pvt. Ltd. (Ashish Kacholia), Mukul Agrawal, and Sunil Singhania (via Bharat Venture Opportunities Fund), alongside Capri Global and other reputed institutions.

A rare occurrence in the SME IPO space

This collective participation of marquee investors in a single anchor round is a rare occurrence in the SME IPO space, underscoring strong conviction in Suba Hotels’ growth potential, asset-light business model, and nationwide expansion strategy.

Anchor Investors Allocation

Price: ₹111/- per equity share
Total Anchor Book: 19,17,600 equity shares allotted, raising ₹21.29 crore