The company allocated a little over 19.17 lakh shares to the anchor investors at a price of Rs 111 per share. (Photo: Company website) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Ahmedabad-based Suba Hotels has raised more than Rs 21 crore from anchor investors ahead of the launch of its initial public offering for public subscription, a statement said on Sunday.

The company allocated a little over 19.17 lakh shares to the anchor investors at a price of Rs 111 per share, Suba Hotels said in the statement.

The Rs 75.47-crore initial public offering will hit the capital markets on September 29 and conclude on October 1. The lot size for an application is 1,200 equity shares, it added.

The IPO is entirely a fresh issue of up to 67.99 lakh equity shares with a face valu

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