Suba Hotels Ltd - IPO

Suba Hotels Ltd IPO Details

Initial public issue of upto 67,99,200 equity shares of face value of Rs. 10/- each (the equity shares) of Suba Hotels Limited (Suba or the company or the issuer) at an issue price of Rs. 111/- per equity share (inclduing share premium of Rs. 91 per equity share) for cash, aggregating to Rs. 75.47 crores (public issue) out of which 3,40,800 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 111 per equity share for cash, aggregating upto Rs. 3.78 crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion). The public issue, less market maker reservation portion i.e., issue of 64,58,400 equity shares face value of Rs. 10/- each, at an issue price of Rs. 111 per equity share for cash, aggregating upto Rs. 71.69 crores is herein after referred to as the net issue. The public issue and the net issue will constitute 28.05%, and 26.64% respectively of the post-issue paid-up equity share capital of the company.

Objective of issue

Funding capital exp requiremnts upgradation and last-mile funding of hotel premises. General corporate purposes.

Suba Hotels Ltd Contact Details

Suba Hotels Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - compliance@subahotels.com

Website - www.subahotels.com