Suba Hotels has raised ₹21.29 crore from anchor investors ahead of its SME IPO, which opens on September 29. The company allotted 19.17 lakh shares at ₹111 each. Prominent investors Mukul Agrawal, Sunil Singhania, and Ashish Kacholia were each allocated 3 lakh shares, reflecting strong demand and confidence in the upcoming issue.