Ahmedabad-headquartered Suba Hotels has secured over ₹21 crore from anchor investors ahead of its initial public offering (IPO). The company allotted just over 1.91 million shares at an issue price of ₹111 per share.

The anchor book saw participation from 12 investors. Sanshi Fund-I, Bengal Finance and Investment Private Limited, and Bharat Venture Opportunities Fund received the largest allocations of 300,000 shares each, contributing ₹3.33 crore apiece, or 15.64% of the anchor portion. Other notable investors included Saint Capital Fund (216,000 shares) and Capri Global Capital Limited (163,000 shares). The remaining allocations were distributed among funds such as Next Orbit Ventures Fund, Jalan Chemicals Industries, J4S Venture Fund-I, Avora SME Fund 1, Arnesta Global Opportunities Fund, CP Capital Limited, and Rajasthan Global Securities, each securing around 91,200 shares.

Founded in October 1997, Suba Hotels is a domestic mid-market hotel chain operating 88 properties. The company reported revenue of ₹79.24 crore and net profit of ₹15.15 crore in FY25.