Hospitality startup OYO is preparing to file its Draft Red Herring Prospectus (DRHP) in November, aiming for an IPO valuation of around $7\u20138 billion, according to reports. The proposal will likely be taken up by the board next week.<\/p>\n\n\n\n
In a statement, the company said the decision regarding the IPO will be guided entirely by its Board of Directors. \u201cWhile we cannot comment on timelines related to OYO’s DRHP or IPO-related plans, the decision will be solely at the discretion of the board. For now, OYO continues to evaluate a range of strategic options to drive value for stakeholders,\u201d a spokesperson said.<\/p>\n\n\n\n
Sources added that OYO has been in active discussions with leading banks including Axis, Citi, Goldman Sachs, ICICI, JM Financial, and Jefferies in London. SoftBank, one of OYO\u2019s largest shareholders, has been engaging with banks to gauge investor sentiment and is now confident about moving ahead with the filing. The valuation guidance is expected to be in the range of $7\u20138 billion, or roughly 25\u201330 times its EBITDA, with shares likely priced at Rs 70 apiece.<\/p>\n\n\n\n
The filing is expected to highlight OYO\u2019s strong Q1 financial performance, supported by a period of double-digit growth for the hospitality sector. The company is also planning a new parent brand identity to unify its portfolio, with the final name chosen through a public suggestion campaign launched by founder and CEO Ritesh Agarwal.<\/p>\n\n\n\n
Additionally, OYO is exploring a separate app for its premium and mid-market hotels, a segment that has seen rapid growth in India and global markets.<\/p>\n\n\n\n
Do you have a news tip for Lakshmishree reporters? Please email us at media@lakshmishree.com<\/a> Hospitality startup OYO is preparing to file its Draft Red Herring Prospectus (DRHP) in November, aiming for an IPO valuation of around $7\u20138 billion, according to reports. The proposal will likely be taken up by the board next week. In a statement, the company said the decision regarding the IPO will be guided entirely by […]<\/p>\n","protected":false},"author":1,"featured_media":7260,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[],"class_list":["post-7259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/7259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=7259"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/7259\/revisions"}],"predecessor-version":[{"id":7261,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/7259\/revisions\/7261"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/7260"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=7259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=7259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=7259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Source: Moneycontrol<\/a><\/sub><\/sup><\/p>\n","protected":false},"excerpt":{"rendered":"