This is not OYO’s first attempt to go public.
Oravel Stays had first filed its draft offer documents with SEBI in October 2021.
That proposed IPO was reportedly for ₹8,430 crore, comprising a fresh issue of ₹7,000 crore and an offer for sale of ₹1,430 crore.
However, in May 2024, OYO withdrew its IPO papers for the second time, with reports stating that the move was linked to anticipated material changes in its financial statements as part of a refinancing plan.
The latest filing marks another attempt by the hospitality company to access the public markets, this time through a fresh issue with no offer-for-sale component.
This is not OYO’s first attempt to go public. Oravel Stays had first filed its draft offer documents with SEBI in October 2021. That proposed IPO was reportedly for ₹8,430 crore, comprising a fresh issue of ₹7,000 crore and an offer for sale of ₹1,430 crore.
The company later renewed its listing plans through the confidential pre-filing route in March 2023. However, in May 2024, OYO withdrew its IPO papers for the second time, with reports stating that the move was linked to anticipated material changes in its financial statements as part of a refinancing plan.
The latest filing marks another attempt by the hospitality company to access the public markets, this time through a fresh issue with no offer-for-sale component.
