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

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August and September, targeting a March–April 2026 public listing Previous IPO Attempts: Two earlier filings were withdrawn—a Rs 8,430 crore IPO proposal in 2021 and a confidential filing in 2023-24.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.