Suba Hotels IPO Hits Frenzy on Day 3; Taps 15.33x Overall Subscription as Retail, HNIs and FIIs Flock to Offer

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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…



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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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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