Suba Hotels IPO Hits Frenzy on Day 3; Taps 15.33x Overall Subscription as Retail, HNIs and FIIs Flock to Offer
Mumbai (Maharashtra) [India], October 3: Suba Hotels Limited’s initial public offering (IPO) concluded its third and final day with extraordinary investor interest, signaling robust appetite for India’s mid-market hotel operator. The issue, priced at ₹105-₹111 per share, raised ₹75.47 crore and closed the session at a healthy subscription of 15.33 times as of 5:14:18 PM [...]
Mumbai (Maharashtra) [India], October 3: Suba Hotels Limited’s initial public offering (IPO) concluded its third and final day with extraordinary investor interest, signaling robust appetite for India’s mid-market hotel operator. The issue, priced at ₹105-₹111 per share, raised ₹75.47 crore and closed the session at a healthy subscription of 15.33 times as of 5:14:18 PM on Day 3.
Day 3 highlights Suba Hotels’ IPO drew exceptional demand across investor categories, with overall subscription at 15.33x. Non-Institutional Investors (NIIs) led the pace at 22.41x, followed by Qualified Institutional Buyers ex-anchor at 20.98x, and retail investors at 9.07x. Anchor investors were fully subscribed at 1.00x, and total applications reached 11,281. The cumulative bid amount stood at ₹772.51 crore, vastly exceeding the ₹75.47 crore issue size.
