Upcoming Mainboard IPO OYO

OYO

Oravel Stays Limited operates a technology-driven hospitality platform that connects property owners, lessors, and operators with customers seeking short-stay accommodation. The company provides technology, branding, and operational enablement services that help its partners list and distribute their properties, while offering tools for dynamic pricing, revenue management, content management, customer support, and supply performance monitoring. Its business operates across three verticals: Hotels, with brands such as OYO, Sunday, Townhouse, Motel 6 and Studio 6; Homes, offering professionally managed vacation rentals under brands including Belvilla, DanCenter and Checkmyguest; and Listings, which offers subscription-based property listings in Europe. The company also offers wedding venues, co-working spaces, tours and events, insurance facilitation, cleaning services, food and beverage, and subscription programmes. It follows an asset-light model, generating revenue primarily through revenue-sharing with hotel partners, commission income from home and listing bookings, and royalty fees from franchisees under its G6 Hospitality brands.

IPO Details

Complete IPO information

Current GMP ₹0
Estimated Listing Gain TBA
Price Band TBA
Issue Price TBA
Listing Price TBA
Lot Size TBA
Issue Type Mainboard
Issue Size Approx ₹6,650 Cr
Registrar TBA
Exchange BSE, NSE
Retail Quota TBA
Overall Subscription TBA
Listing Date TBA
Minimum Investment TBA
Timeline

IPO roadmap at a glance

01
Bidding Opens TBA
02
Bidding Closes TBA
03
Allotment TBA
04
Listing TBA
Market Lot

Application size breakdown

Category Lots Shares Amount
Retail Minimum 1 Lot - -
Retail Maximum - - -
S-HNI Minimum - - -
S-HNI Maximum - - -
B-HNI Minimum - - -
Issue Notes

Important takeaways before applying

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.