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 on Day 3.

Day 3 highlights Suba Hotels’ IPO drew exceptional demand across investor categories, with overall subscription at 15.33x. Non-Institutional…