Mumbai, 27 September 2025 – Hospitality chain Suba Hotels Ltd is set to make its stock market debut with strong backing from marquee investors. The company has successfully raised ₹21.29 crore in its anchor investor round held on 26 September 2025, attracting participation from well-known market names such as Ashish Kacholia, Mukul Agrawal, and Sunil Singhania.
Following this anchor investment, the grey market premium (GMP) of the Suba Hotels IPO has jumped, signaling healthy demand among investors ahead of its public subscription opening on Monday, 29 September 2025.
IPO Details
IPO Type: SME IPO (NSE SME Platform)
Issue Size: 67,99,200 fresh equity shares (no Offer for Sale component)
Face Value: ₹10 per share
Price Band: ₹105 – ₹111 per share
Lot Size: 1,200 shares per lot
Bidding Dates: 29 September – 1 October 2025
Expected Allotment Date: 3 October 2025
Listing Date (NSE SME): 7 October 2025
Book Running Lead Manager: Unistone Capital Pvt. Ltd.
Registrar: Bigshare Services Pvt. Ltd.
Anchor Investor Participation
Suba Hotels allotted over 19.17 lakh equity shares at ₹111 per share to 12 anchor investors. Key participants included:
Sanshi Fund – I (Mukul Agrawal-backed)
Bengal Finance & Investment Pvt. Ltd. (Ashish Kacholia-backed)
Bharat Venture Opportunities Fund (Sunil Singhania-backed)
Saint Capital Fund
Capri Global Capital Ltd.
Sanshi Fund, Bengal Finance & Investment, and Bharat Venture Opportunities Fund each received 15.64% of the anchor portion, making them top investors in the round. Other allocations went to Next Orbit Ventures, Jalan Chemicals Industries, and Saint Capital Fund.
Grey Market Premium (GMP) Update
As of 27 September 2025, the GMP of Suba Hotels IPO stands at ₹7 per share, according to market tracker Investorgain. At the upper price band of ₹111, the company’s stock is expected to list around ₹118 per share, reflecting a 6.31% listing premium.
The GMP had earlier been flat at ₹0, but gained momentum after strong anchor participation, showing improved investor confidence in the SME issue.
About the Company
Suba Hotels Ltd operates in the hospitality sector, running a chain of hotels across India. The funds raised through this IPO will support the company’s business expansion, strengthen its balance sheet, and improve operational efficiency.
Jyoti Gupta 
Gaurav Chaudhary