Global travel tech firm OYO is gearing up for a major IPO move. According to reports, the company plans to file its Draft Red Herring Prospectus (DRHP) in November, with a target valuation of $7–8 billion.
Board Review Expected Next Week
People familiar with the matter revealed that OYO will present the proposal to its board next week. Once approved, the company will move forward with the filing process.
A company spokesperson, however, refrained from giving a timeline, stating: “OYO continues to evaluate a range of strategic options to drive value for stakeholders. IPO-related decisions will be guided by the Board of Directors.”
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Banking Discussions Gain Pace
Talks with key banking partners have intensified over the past few weeks. Sources suggest that the valuation guidance for OYO is pegged at $7–8 billion (around ₹70 per share), translating to nearly 25–30 times its EBITDA.
Market Update & Insights
Strong investor interest is expected in the IPO, given OYO’s global brand presence.
Hospitality and travel demand recovery post-pandemic adds momentum to OYO’s growth outlook.
The proposed valuation positions OYO among the largest IPOs in the Indian travel-tech space.
If successful, the IPO could strengthen OYO’s market standing and provide fresh capital for expansion and debt reduction.
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