Suba Hotels Share Price

Suba Hotels Limited was incorporated as Trupti Supercaterers and Hotels Private Limited, dated October 23, 1997. The Company name was further changed to Trupti Caterers Hotels Private Limited, dated May 21, 2008 and again to Hotel Suba Star Private Limited pursuant to a fresh Certificate of Incorporation issued by the Registrar of Companies, Mumbai dated October 8, 2014. Thereafter, the name of the Company was changed to Suba Hotels Private Limited on October 11, 2023. On the conversion of the Company status to a Public Limited Company, the Company was renamed to Suba Hotels Limited and a fresh Certificate of Incorporation was issued by theRegistrar of Companies, Ahmedabad on November 17, 2023. The Company is engaged in business of hotels camping sites and other provision of shortstay accommodation. The existing management had acquired Trupti Super Caterers Hotels Private Limited in year 2012. The Company began its journey by starting operations of Hotel Suba Elite Vadodara in 2014 and further started operations of Click Hotel Bhuj in 2015 and Click Hotel Junagadh in 2016. Later on, the operations of hotels started at Pithampur, Vadodara, Bangalore and Bareilly in the name and style of Click Hotel in 2023. During the Financial year 202223, the Company entered the Composite Scheme of Amalgamation and Demerger, approved by the National Company Law Tribunal, Ahmedabad vide their order dated March 15, 2023, through which, Zircon Hospitality Private Limited, Zircon Hotels Private Limited, and the demerged undertaking of Suba Palace Private Limited, namely, Hotel Suba Elite (Demerged Entity), amalgamated with the Company and accordingly, the business undertakings of Zircon Hospitality Private Limited, Zircon Hotels Private Limited and Hotel Suba Elite (Baroda Hotel Undertaking), got merged to the Company. Resulting this, the merger was given effect from October, 2020. Pursuant to the Scheme, every shareholder of Zircon Hotels Private Limited was allotted 119 fully paidup equity shares of Rs 10 each of the Company, for every 100 fully paidup equity shares Rs 10 each held by them in Zircon Hotels Private Limited. Similarly, everyshareholder of Zircon Hospitality Private Limited was allotted 58 fully paidup equity shares of Rs10 each of the Company, for every 100 fully paidup equity shares Rs 10 each held by them in Zircon Hospitality Private Limited. Further, Hotel Suba Elite got demerged from the Suba Palace Private Limited and was transferred to the Company as a going concern.Presently, the Company has started operations at Click Hotel Dubai in 2024 and is planning an Initial Public Issue upto 65,70,000 Fresh Issue of Equity Shares.