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  3. Oyo to meet bankers next week for third IPO attempt; eyes $5–7 billion …

Oyo to meet bankers next week for third IPO attempt; eyes $5–7 billion valuation

29 May 2025

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Key Takeaways

Oyo’s IPO push, backed by profit turnaround and strategic funding, aims to ease debt, marking a key inflection point for investors.

Oyo’s IPO push, backed by profit turnaround and strategic funding, aims to ease debt, marking a key inflection point for investors.

oyo unlisted shares

Oravel Stays (OYO Rooms)

DRHP filed4.44%

Expert Analysis

Oyo to Meet Bankers Next Week for Third IPO, Targets $5–7 Billion Valuation.

Expert Analysis:

  • Merchant Banker Invitations: Oravel Stays (Oyo) will formally invite pitches from merchant bankers next week for its third IPO attempt.

  • Valuation Expectations: Some banks suggest a valuation up to $10 billion, while Oyo’s internal estimate is $6–7 billion.

  • DRHP and Listing Timeline: Oyo plans to file its draft red herring prospectus (DRHP) between August and September, targeting a March–April 2026 public listing

  • Previous IPO Attempts: Two earlier filings were withdrawn—a Rs 8,430 crore IPO proposal in 2021 and a confidential filing in 2023-24.

  • Loan Pressure Influencing IPO: The $2.2 billion loan taken by founder Ritesh Agarwal in 2019 to boost his stake is pressuring the IPO, with lender talks on repayment extension linked to listing plans.

  • Shareholder Support: SoftBank, owning 40%, and other major shareholders back the IPO following Oyo’s estimated Rs 620 crore net profit in FY25.

  • Global Operations and Financial Filing: Oyo has streamlined operations and strengthened presence in India, the US, Europe, and Southeast Asia.

Publisher:The Ecoonomic Times