Oyo files fresh DRHP for IPO

IPO may come in January next year

September 20, 2022 12:11 IST | India Infoline News Service

Oyo is resuming preparations for a stock market debut. Oyo has filed a fresh DRHP with SEBI. If things go as per plan then Oyo's IPO may come in January next year. As per the information given in its most recent filing, revenues of Oyo in 2021-2022 increased to Rs 4781.4 crore from Rs 3961.6 crore in 2020-21. This was a year-on-year increase of 21%. The proceeds from the IPO will be used for paying back some of the existing debt of the company. It will also be used for financing further organic and inorganic growth of the company. 

Oyo, formerly known as Oravel Stays Ltd., is internally preparing for an IPO in January as executives are encouraged by an increase in hospitality demand.

The firm is currently concentrating on four key regions: Europe, where it handles holiday properties, India, Malaysia, and Indonesia.Kotak Mahindra capital, Citi group, ICICI Securities, Bank of America, and Nomura will be the lead book managers of this IPO.

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