Suba Hotels IPO Hits Frenzy on Day 3; Taps 15.33x Overall Subscription as Retail, HNIs and FIIs Flock to OfferPNNMumbai (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. Day 3 highlights Suba Hotels' IPO drew exceptional demand across investor categories, with overall subscription at 15.33x. Non-Institutional Investors (NIIs) led the pace at 22.41x, followed by Qualified Institutional Buyers ex-anchor at 20.98x, and retail investors at 9.07x. Company profile and growth backdrop Suba Hotels Limited operates a predominantly mid-market hotel chain with 88 hotels and 4,096 keys. The portfolio comprises five owned hotels, 19 managed hotels, 14 revenue-share and lease hotels, and 48 franchised hotels.