InvestorQ : Can you give me details of the proposed OYO Rooms IPO?
Moii Chavate made post

Can you give me details of the proposed OYO Rooms IPO?

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Tisha Malhotra answered.
2 months ago
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Oravel Stays, the company that owns OYO Rooms, filed DRHP with SEBI for Rs.8,430 crore IPO. OYO is seeking an enterprise valuation of nearly $12 billion for the company. The overall issue will comprise of a fresh issue of Rs.7,000 crore coupled with an offer for sale or OFS of Rs.1,430 crore. OYO is one of the largest hotel / leisure syndicator in India and is designed on the lines of Airbnb in the United States.

However, the promoter Ritesh Agarwal and other key early investors in OYO will not be diluting their stake via OFS. OYO plans to deploy the fresh fund raising of Rs.7,000 crore towards repayment of debt and also to bankroll its organic and inorganic expansion plans in the coming years. OYO had reported improvement in its gross profit margins by almost 3-fold in FY21, compared to FY20.

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