OYO IPO

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OYO IPO details

To be announced
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Download prospectus (PDF)

About OYO

Oravel Stays Limited operates a global asset-light hospitality platform connecting property owners with short-stay guests via branding, tech tools, and operational support. It operates across three core verticals: Hotels (OYO, Sunday, Townhouse, Motel 6, Studio 6), Homes (Belvilla, DanCenter, Checkmyguest), and Listings (European subscription services). Additional offerings include wedding venues, co-working spaces, tours, food and beverage, and insurance facilitation. Revenue stems from partner revenue-sharing, home booking commissions, listing subscriptions, and G6 franchisee royalties.As Oyo’s parent prepares for its third IPO attempt under the “PRISM” brand, its evolution from a budget hotel chain into a global distribution platform has driven cash-positive operations. However, a lingering ₹3,000 crore debt load and shrinking direct demand pose ongoing challenges to its growth ambitions. Read more

Financials of OYO

Issue size

Funds Raised in the IPO Amount
Total issue size 6650
Fresh Issue – Proceeds go to the company 6650

Utilisation of proceeds

Purpose INR crores (%)
Investment in subsidiary Oravel Stays Singapore Pte. Ltd. to repay or prepay its borrowings 4987.50 (75%)
General corporate purposes 1662.50 (25%)

Strengths

  • Asset-light business model enables expansion with limited ownership of hotel properties.
  • Diversified hospitality portfolio spans hotels, vacation homes, and property listing businesses.
  • Technology platform supports pricing, distribution, partner operations, and customer experience.
  • Presence across multiple countries reduces dependence on a single market.
  • Revenue comes from multiple streams, including revenue sharing, commissions, subscriptions, and franchise royalties.

Risks

  • The company has incurred losses in the past and may not sustain profitability in the future.
  • A significant portion of the IPO proceeds will be used to repay borrowings of its subsidiary.
  • The business depends on maintaining relationships with hotel owners, property partners, and franchisees.
  • Any technology failure, cyberattack, or data security breach could disrupt operations and affect the business.
  • The company is involved in legal and regulatory proceedings that could adversely affect its business, financial condition, and reputation.

Media Coverage