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Hotels and Resorts
Sub Sector: Provides Hotels facilities
Exchange:
NSE
Emerge
Suba Hotels is one of India’s largest domestic hotel chains in the mid-market sector with 79 operational hotels as of July 2024, comprising 3,744 keys across 51 cities, majority of which are located in emerging markets in tier 2 and 3 cities. Suba Hotels also have a portfolio of 35 hotels in the pre-opening phase, encompassing 1,661 rooms. Suba Hotels operate in the mid-market hotel sector, consisting of upscale, upper-midscale, midscale, and economy brands domestic as well as international. Suba Hotels primarily cater to guests across business, leisure, and religious tourism, delivering superior service standards at attractive price points. Their hotel portfolio encompasses a diverse range of business models, including owned, managed, revenue share & lease, and franchised properties. Suba Hotels currently categorize their hotel portfolio into four distinct hotels categories based on business models that includes owned, managed, revenue share & lease and franchised hotels
In the first quarter of 2024, the hospitality industry experienced ongoing growth propelled by a notable 8.5% increase in the Average Daily Rate (ADR). As a result, the Revenue per Available Room (RevPAR) grew by 11.4%. This growth was primarily driven by factors such as increased corporate travel, a rise in wedding ceremonies, and increased demand for Meetings, Incentives, Conferences, and Exhibitions (MICE) at the end of the financial year 2024. Over the last two years, hotel operators have also leveraged their scale to rationalize costs and efficiencies, making them relatively more resilient to changing market conditions and resulting in higher profitability. The coming together of the industry to grow rates while rewriting prevalent practices over the last 2 years resulted in reduced overheads and higher profitability with leaner operating structures (Source: JLL Report).
Bigshare Services Private Limited
Suba Hotels operates in Hotels and Resorts and Provides Hotels facilities. The Issue would be listed on SME. The registrar of the Issue is Bigshare Services Private Limited. The IPO type of Suba Hotels is Book Building Process and Object of issue is
Merchant Banker of Suba Hotels IPO is Unistone Capital Private Limited
The DRHP (Draft Red Herring Prospectus) of Suba Hotels IPO was filed on 22 Sep 2024.
No, Suba Hotels IPO is not yet listed. See other upcoming SME IPOs here.
The IPO open date and IPO close date of Suba Hotels are not available now. You can apply in Suba Hotels IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.
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