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  3. Oyo set to revive IPO plans amid record profits and controversial new p…

Oyo set to revive IPO plans amid record profits and controversial new policy

20 Jan 2025

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Key Takeaways

Strong profits and ownership restructuring bolster OYO’s IPO plans; Meerut's policy showcases sensitivity to social climates.

Strong profits and ownership restructuring bolster OYO’s IPO plans; Meerut's policy showcases sensitivity to social climates.

oyo unlisted shares

Oravel Stays (OYO Rooms)

DRHP filed4.44%

Expert Analysis

OYO Revives IPO Plans with Strong Profits, Introduces New Policy for Unmarried Couples in Meerut.

Expert Analysis:

  • IPO Filing Plans: OYO plans to file its DRHP by Q1 FY25, marking its third IPO attempt, as it looks to cash in on a profitable year and restructuring efforts.

  • Ownership Reshuffle: Founder Ritesh Agarwal strengthens control, while early investors like Lightspeed Venture Partners are expected to exit.

  • Financial Performance: OYO reported a profit of ₹229 crore (US$26.49 million) for FY24 and ₹132 crore (US$15.27 million) for Q1 FY25, boosting IPO prospects.

  • New Policy for Unmarried Couples: OYO introduces a policy in Meerut requiring proof of relationship for unmarried couples before checking into partner hotels, citing local social sensibilities.

  • Expansion Speculation: The policy is currently limited to Meerut, but there’s speculation it may expand to other cities. as OYO balances financial goals with social responsiveness.

Publisher:Financial Express