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  3. Oyo likely to withdraw IPO papers, may opt for private fundraise: Report

Oyo likely to withdraw IPO papers, may opt for private fundraise: Report

14 Feb 2024

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Key Takeaways

  • Strategic Shift:

    • Potential IPO withdrawal aligns with cash-raising talks amid valuation challenges.

  • Financial Resilience:

    • Agarwal's positive outlook emphasizes OYO's commitment to growth beyond IPO uncertainties.

  • Projections Beyond IPO:

    • Anticipated Rs 1,000 crore EBITDA in FY24 underscores OYO's resilience and sustained growth focus.

  • Strategic Shift:

    • Potential IPO withdrawal aligns with cash-raising talks amid valuation challenges.

  • Financial Resilience:

    • Agarwal's positive outlook emphasizes OYO's commitment to growth beyond IPO uncertainties.

  • Projections Beyond IPO:

    • Anticipated Rs 1,000 crore EBITDA in FY24 underscores OYO's resilience and sustained growth focus.

oyo unlisted shares

Oravel Stays (OYO Rooms)

DRHP filed4.44%

Expert Analysis

OYO Contemplates IPO Withdrawal Amid Cash Raise Talks and Valuation Challenges

Expert Analysis:

  • IPO Withdrawal Consideration: OYO mulls withdrawing IPO application, signaling strategic reassessment.

  • Cash Raise Talks: Ongoing discussions with investors for cash infusion within six to eight months.

  • Valuation Challenges: Facing cuts, SoftBank reduces OYO's valuation to $2.7 billion from $3.4 billion in 2022.

  • Agarwal's Optimism: CEO Ritesh Agarwal's positive outlook, recording Q3 net profit and projecting Rs 1,000 crore EBITDA, counters IPO uncertainties.

Publisher:Business Standard