Suba Hotels Ltd IPO

About Suba Hotels Ltd

Our Company was incorporated on October 23, 1997, under the Companies Act, 1956 with the corporate name Trupti Supercaterers and Hotels Private Limited on with a certificate of incorporation granted by the Registrar of Companies, Mumbai (RoC Mumbai). On May 21, 2008, the corporate name of our company was changed to Trupti Caters and Hotels Private Limited pursuant to a fresh certificate of incorporation granted by Roc Mumbai. On October 8, 2014, the name of our company was subsequently changed to Hotel Suba Star Private Limited pursuant to a fresh incorporation granted by RoC Mumbai and then on October 11, 2023, was further changed to Suba Hotels Private Limited. On conversion of our Company to a public limited company and pursuant to a resolution passed by our shareholders on October 30, 2023, the corporate name of our company was changed to Suba Hotels Limited and we obtained a fresh certificate of incorporation from the Registrar of Companies, Gujarat, Dadra & Nagar Haveli at Ahmedabad (RoC) on November 17, 2023.

India stands as the most populous country in the world with an estimated population of 1.45 billion people1. Over its extensive history spanning thousands of years, India has experienced significant transformation to emerge as a highly dynamic and diverse economic force. The country's economy has demonstrated remarkable growth, positioning it among the fastest-growing major economies worldwide. This success can be attributed to a range of factors, including a large and diverse population, robust domestic consumption, a strategic geographical location, a skilled workforce, and a thriving entrepreneurial ecosystem. As of 2024, India ranked as the world's fifth-largest economy in terms of nominal gross domestic product (GDP). Looking ahead, projections indicate that India will surpass Japan in 2025 and is expected to overtake Germany by 2028, becoming the world's thirdlargest economy. This underscores the significant growth potential and undeniable momentum of India's economy.

We are one of India's largest domestic hotel chains in the mid-market sector with 88 operational hotels as of July 2025, comprising 4,096 keys across over 50 cities, around 81% of which are located in emerging markets in tier 2 and 3 cities. The hotel chain also boasts a portfolio of 40 hotels in the pre-opening phase, encompassing 1,831 rooms. (Source: JLL Report). We operate in the mid-market hotel sector, consisting of upscale, upper-midscale, midscale, and economy brands domestic as well as international. We primarily cater to guests across business, leisure, and religious tourism, delivering superior service standards at attractive price points. Our hotel portfolio encompasses a diverse range of business models, including owned, managed, revenue share & lease, and franchised properties. We currently categorize our hotel portfolio into four distinct hotels categories based on business models that includes owned, managed, revenue share & lease and franchised hotels.

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