OYO IPO Date, GMP, Review, Price Details

OYO IPO has received in-principle approval to list from both the Indian stock exchanges NSE and BSE. The parent company Oravel Stays Private Limited got the nod from the exchanges to get listed. The company aims to raise ₹8,340 crores through an initial public offering.

OYO IPO comprises of  a fresh issue of equity shares aggregating up to ₹7,000 crores and an Offer for sale (OFS) aggregating upto ₹1,430 crores.

Incorporated in 2013 by Ritesh Agarwal as Oravel Stays Private Limited, it soon emerged as the Indian version of Airbnb of the US where people looked for their budget accommodation plans. OYO Rooms is the most familiar term involved whenever a trip is planned in general.

OYO is a global platform that empowers entrepreneurs and small businesses with hotels and homes by providing full-stack technology. It Brings affordable and trusted accommodation as its commitment that guests can book instantly. The company aims to build an online presence across channels and provide hassle-free operations.

OYO IPO

Before going into the details, let us know a few key points about the company.

  • OYO started its operations with its patron Rajesh Yadav at Gurugram India.
  • The company is owned by at least 15 other shareholders including Japanese tech investment giant SoftBank, Lightspeed Venture Partners, Microsoft, Sequoia Capital, Airbnb, Grab, and the Oravel Employee Welfare Trust.
  • OYO was coined as a unicorn long back and in the year 2019, it was already valued at $10 billion.
  • OYO operates over 157,000 hotels and homes spread across 35 countries with its biggest reach being India, Europe, Malaysia, and Indonesia.
  • The company is the second-largest loyalty franchise in India after Inter Miles of Jet Airways.
  • Almost 43% of its revenue comes from India and Southeast Asia while 28% comes from Europe.

Objectives Of OYO IPO

  • Oyo will use Rs 2,441 crore to settle the debt owed by its subsidiaries.
  • General corporate purposes.

OYO IPO Promoters

  • Ritesh Agarwal.
  • RA Hospitality Holdings.
  • SVF India Holdings.

OYO IPO Company Financials

            Year           Revenue             Total Assets    Profit
             2019           ₹6,518 Cr               ₹11,743 Cr ₹-2,294
             2020             ₹13,413 Cr               ₹14,109 Cr ₹-11,080
             2021           ₹4,157 Cr             ₹8,751 Cr ₹-4,102

OYO IPO Details

IPO Details OYO
Issue Period Opening Date: xx-xx-2022
Closing Date:   xx-xx-2022
Price Band ₹ – ₹ per equity share
Issue Size ₹8430 Cr
Face Value ₹1 per equity share
Issue Type Book built issue
Fresh Issue [.] Eq Shares of ₹1 face value
(aggregating up to ₹7,000 Cr)
Offer for sale [.] Eq Shares of ₹1 face value
(aggregating up to ₹1,430 Cr)
Listing NSE and BSE
Registrar Link Intime India Private Limited

OYO IPO Timeline

OYO IPO issue date, issue price, allotment date, and the listing date, and all the details will be announced soon.

IPO Opens To be announced
IPO Ends To be announced
Allotment Begins To be announced
Refund Initiation To be announced
Allotment Date To be announced
Listing Date To be announced

IPO Lot Size (Retail Individual Investors)

Applications Lots Shares Amount(Cut-off)
Minimum
Maximum

OYO IPO Investor Category

OYO IPO has 10% of the net offer under the Retail Category.

QIB (Qualified Institutional Buyers) 75% of net offer
NII (Non-Institutional Investors) 15% of net offer
RII (Retail Individual Investors) 10% of net offer

OYO IPO GMP

OYO IPO has not yet started trading in the grey market. Currently, the GMP is zero and will be updated once it starts trading in the grey market.

Check here for Grey Market Premium Details.

OYO IPO Review

With over 1.5 lakhs storefronts available across 35 countries, it is one of the leading companies in the accommodation and travel sector. Has strong network effects OYO is a full-stack technology platform driving strong values for its customers. The company has a high degree of engagement with its patrons and customers.

With the huge impact of the Covid-19 pandemic and still continuing, the business has been hit hard and in its course of recovery gradually. The company is incurring losses year by year. As of now, no reviews are available. A detailed review will be updated soon as soon as the price band and valuations are issued.

OYO IPO Book Running Lead Manager(s)

  • Kotak Mahindra Capital Company Limited.
  • JP Morgan India Private Limited.
  • Citigroup Global Markets India Private Limited.
  • ICICI Securities Limited.
  • Nomura Financial Advisory and Securities (India) Private Limited.
  • JM Financial Limited.
  • Deutsche Equities India Private Limited.

OYO IPO Registrar

Link Intime India Private Limited is the registrar of OYO IPO.

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