On September 30, 2023, a company named OYO submitted a draft to SEBI in India in which they sought permission for their public listing i.e. initial public offering through which they have to raise funds of Rs 8430 crore. The subscription line for the IPO of this company can open within November 2023. If you are interested in this topic then read this article till the end because we have given all the information related to OYO IPO Date 2023 in this article.
OYO IPO Date 2023
OYO i.e. Oravel Stays Limited is a hospitality technology company that is present in 80 countries and provides hotel stays to people at cheap prices. According to the information, there are more than 1.5 crore rooms associated with this company from all over the world, which get customers for their hotels and rooms through this platform. OYO is soon coming up with its initial public offering in which shares worth Rs 7000 crore are going to be freshly issued and shares worth Rs 1430 crore will be available for offer for sale. OYO IPO Date 2023 has not been officially announced yet but its subscription will start in November 2023.
The shares being sold through offer for sale in this IPO mainly belong to previous investors from groups like SoftBank, Light Speed Venture Capital, and Sequoia Capital. Before investing in this company, try to read and understand all the financial data of the company. As soon as any update related to OYO IPO Date 2023 comes, we will write an article on our website, so please follow our website to get its notification.
OYO IPO Date 2023 Overview
|Article||OYO IPO Date 2023|
|Event||Launch of IPO|
|IPO Subscription Date||November 2023|
|Allotment Date||December 2023|
|Amount of Fund to be Raised||8430 Crore|
|Total Assets Worth||91,234 Crore|
OYO Business Model
OYO is a hospitality technology company which is used in more than 80 countries. This company includes a mobile app and website through which you can book more than 1.5 crore rooms and hotels at a very affordable price. When a person books a room using their app or website, they earn a commission from the hotel. OYO Business Model Hope you have understood. It is very important to understand the business model before subscribing to any IPO or making any investment.
OYO IPO Financial Performance
OYO is a well-known company that is currently coming up with its public listing with the help of which it wants to raise funding of more than Rs 8000 crore and through this funding it wants to expand its business in Tier One countries like the United States and the United Kingdom. But OYO IPO Financial Performances of the last two years have not been good at all:
|Financial Year||Revenue (Rs. crore)||Loss (Rs. crore)|
Here are some other key financial metrics for OYO:
- Gross booking value (GBV): Rs. 8,101 crore in FY2021-22
- EBITDA: Rs. 63 crore in FY2021-22
- Cash on hand: Rs. 2,700 crore in FY2021-22
OYO IPO Risk Factors
Before investing in this IPO, you should have all the information about OYO IPO Risk Factors. For your information, let us tell you that the valuation of this company is Rs 40000 crore, whereas this company has not been profitable yet.
In the recent past, many such reports have been published by the media which have created a negative image of this company many times. Now many different competitors have joined this field who provide the facility of hotel and room booking using various types of technology and that too with less commission. Regulatory risk is very high in the countries where this company wants to expand its business.
OYO IPO Market Sentiment
A lot of mixed reactions have been seen in the market regarding this IPO from retail investors and very big investors. Many investors have a bullish approach on this issue and believe that the company will grow and many investors are running away from this IPO considering the profitability and increasing competition. It is important to know the OYO IPO Market Sentiment but you should decide to invest based on your analysis. The valuation of the company has now become Rs 40 thousand crores whereas the old valuation of the company was Rs 90000 crores.
OYO IPO Long-Term Vision
Before investing in any company, it is very important to know its long-term vision. According to OYO IPO Long-Term Vision, this company has to become the world’s largest and leading hotel booking platform. The company currently wants to raise funding of Rs 8000 crore through Initial Public Offering which it will spend on market expansion, technological investment, and brand reputation building.
OYO IPO Full Information
|Issue size||Rs. 8,430 crore|
|Fresh issue||Rs. 7,000 crore|
|Offer for sale (OFS)||Rs. 1,430 crore|
|Price band||Rs. 740-760 per share|
|Valuation||Rs. 40,000 crore|
|Number of shares offered||11.15 crore shares|
OYO IPO Important Dates
|September 30, 2020||OYO files a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI)|
|October-November 2023 (expected)||OYO IPO opens for subscription|
|December 2023 (expected)||OYO IPO lists on the stock exchanges|
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