{"id":424725,"date":"2025-08-25T15:00:54","date_gmt":"2025-08-25T09:30:54","guid":{"rendered":"https:\/\/zerodha.com\/z-connect\/?p=424725"},"modified":"2025-09-04T11:45:46","modified_gmt":"2025-09-04T06:15:46","slug":"oyo-to-file-drhp-for-7-8-billion-ipo","status":"publish","type":"post","link":"https:\/\/zerodha.com\/z-connect\/news\/oyo-to-file-drhp-for-7-8-billion-ipo","title":{"rendered":"OYO to file DRHP for $7\u20138 billion IPO"},"content":{"rendered":"<p>Hospitality startup OYO is preparing to file its draft red herring prospectus (DRHP) with SEBI in November 2025 for an initial public offering (IPO) that could value the company at $7\u20138 billion.<\/p>\n<p>If approved, this will mark OYO\u2019s third attempt at going public after previous filings in 2021 and 2024 were withdrawn.<\/p>\n<p>The company has reportedly engaged a consortium of investment banks, including Axis Capital, Citi, Goldman Sachs, ICICI Securities, JM Financial, and Jefferies (London), to manage the issue. According to reports, the IPO is being valued at 25\u201330x EBITDA multiples.<\/p>\n<p>OYO has shown an improvement in its financial performance ahead of the proposed listing. The company reported its tenth consecutive EBITDA-positive quarter in Q1 FY26, with double-digit revenue growth and improved occupancy rates across both domestic and international markets.<\/p>\n<p>The Indian hospitality sector is also witnessing strong momentum, with domestic travel demand up nearly 18% year-on-year in Q1 FY26. This sectoral tailwind, combined with OYO\u2019s ongoing rebranding efforts and plans to launch a new app for premium and mid-market hotels, is expected to strengthen its positioning before the IPO.<\/p>\n<p>The filing is subject to board approval, which is expected in the coming weeks. If cleared, OYO may launch the IPO in early 2026.<\/p>\n<p><strong>Previous IPO Attempts<\/strong><\/p>\n<ul>\n<li>2021: Filed for \u20b98,430 crore IPO (~$1.2 billion), later delayed.<\/li>\n<li>2024: Withdrew DRHP after refinancing plans; second withdrawal.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Hospitality startup OYO is preparing to file its draft red herring prospectus (DRHP) with SEBI in November 2025 for an initial public offering (IPO) that could value the company at $7\u20138 billion. If approved, this will mark OYO\u2019s third attempt at going public after previous filings in 2021 and 2024 were withdrawn. The company has [&hellip;]<\/p>\n","protected":false},"author":176551,"featured_media":415594,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1152],"tags":[755,276],"class_list":["post-424725","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ipo","tag-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.5 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>OYO to file DRHP for $7\u20138 billion IPO &#8211; Z-Connect by Zerodha<\/title>\n<meta name=\"description\" content=\"Hospitality startup OYO is preparing to file its draft red herring prospectus (DRHP) with SEBI in November 2025 for an initial public offering (IPO) that\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/zerodha.com\/z-connect\/news\/oyo-to-file-drhp-for-7-8-billion-ipo\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OYO to file DRHP for $7\u20138 billion IPO\" \/>\n<meta property=\"og:description\" content=\"Hospitality startup OYO is preparing to file its draft red herring prospectus (DRHP) with SEBI in November 2025 for an initial public offering (IPO) that\" \/>\n<meta property=\"og:url\" content=\"https:\/\/zerodha.com\/z-connect\/news\/oyo-to-file-drhp-for-7-8-billion-ipo\" \/>\n<meta property=\"og:site_name\" content=\"Z-Connect by Zerodha\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/zerodha.social\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/zerodha.social\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-25T09:30:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-04T06:15:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2025\/05\/ipo-news-cover-image.png\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Team Zerodha\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@zerodhaonline\" \/>\n<meta name=\"twitter:site\" content=\"@zerodhaonline\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Team Zerodha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/zerodha.com\/z-connect\/news\/oyo-to-file-drhp-for-7-8-billion-ipo\",\"url\":\"https:\/\/zerodha.com\/z-connect\/news\/oyo-to-file-drhp-for-7-8-billion-ipo\",\"name\":\"OYO to file DRHP for $7\u20138 billion IPO &#8211; 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