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.
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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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.
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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