Oravel Stays Limited OYO IPO Overview
Oravel Stays Limited popularly known as OYO founded by Ritesh Agarwal in 2012 is creating buzz in the market and excitement among the Investors as the company is widely regarded as the Leader in the Hotel booking space and the technology allows for the grand scaling with relatively low Capital. OYO reported its first-ever profit after tax (PAT) of ₹229 crore for the financial year 2023-24, according to the company’s annual report. This comes on the back of eight consecutive quarters of positive adjusted EBITDA, the company stated. OYO’s adjusted EBITDA grew by 215% to reach ₹877 crore in FY24, up from ₹277 crore in FY23.
“” Failing to prepare is preparing to fail”-Benjamin Franklin
So by the Draft Offer Documents filed with SEBI and Our Insight let’s Dive into the Hotel and prepare for the Ipo.
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OYO IPO Key Details
- Company Name: Oravel Stays Limited (OYO).
- IPO Objectives:
- This fresh issue is going to raise 7000 crore for the expansion of business.
- Offer for Sale (OFS) up to ₹1,430 crores by Selling to the shareholders.
- IPO Size: Aggregated up to ₹8,430 crores.
- Face Value: ₹1 per equity share.
- Pricing: Price band to be decided before opening.
- IPO Type: Book-built issue.
- Promoters:
- Ritesh Agarwal (Founder).
- RA Hospitality Holdings (Cayman).
- SVF India Holdings (Cayman) Limited.
- Stock Exchange Listing: BSE and NSE.
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OYO IPO Imp Dates
| IPO Open Date | First Week of March 2025 |
| IPO Close Date | Expected on first week of March 2025 |
| Basis of Allotment | Yet to be announced |
| Initiation of Refunds | Yet to be announced |
| Credit of Shares to Demat | Yet to be announced |
OYO Promoter and Management Details
- Promoters:
- Ritesh Agarwal (Founder Promoter).
- RA Hospitality Holdings (Cayman).
- SVF India Holdings (Cayman).
- Products and Services
- Primary Focus: The company mainly focuses on providing people with the ability to book hotels on the go in different parts of the country right now the main market of the company is India but it has made huge investments in United States of America and United Arab Emirates and it’s planning to expand in these markets.
- Core Markets: India, Europe, and Southeast Asia.
- Future Markets: US, UK, UAE, and China.
Risks and Legal Aspects for OYO
- During the Covid 19 Pandemic the stock plummeted to the old time Low’s For the time this company Has one of the major sources of revenue through tourist and pilgrims.
- The company has incurred loss since its inception.
- Past history of huge debt.
- The company is involved with a matter in the competition Commission of India.
POSITIVE ASPECTS FOR OYO
- The company’s founder ritesh Agarwal has been starring in multiple shows and creating a great brand image and a goodwill for the brand
- Company is full stock driven so that calls for low capital investment.
- Comparatively with 2020 the company cuts its loss substantially in the year 2021.
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OYO Financials
| Year | Revenue | Total Assets | Profit |
|---|---|---|---|
| 2019 | 6518 | 11,743 | -2294 |
| 2020 | 13413 | 14,109 | -11080 |
| 2021 | 4157 | 8,751 | -4102 |
| Amount in ₹ Crores | |||
ABOUT THE OYO FOUNDER Ritesh Agarwal
Ritesh Agarwal is widely regarded as a young prodigy who didn’t even graduated from college unpursued a formal study instead of that he went towards life in an informal way. Securing the deal fellowship and getting mentored by Peter Thiel himself he started many businesses before he founded the OYO. Recently they have acquired a big chain of hotels in United States and planning to expand their purview in that country. The founder is having a great social image as one of the judges in the popular show by Sony Shark Tank India and him starring on multiple platforms and podcasts gives a positive image and a publicity to the company.
OYO IPO Registrar and Contact Information
- Registrar: Link Intime India Private Limited.
- Address: C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai 400083, Maharashtra.
- Email: oyo.ipo@linkintime.co.in.
- Phone: +91-22-4918-6200.
- Company Contact:
- Email: investors@oyorooms.com.
- Website: www.oyorooms.com.