When will the IPO come for Oravel Stays Ltd (OYO)?
If you are one of the investors of Oravel Stays Ltd (OYO), you are sure to ask the question about when its IPO comes to trade in exchanges. It is because of the earlier two attempts to create an IPO for a few reasons. The first OYO IPO attempts in 2020 and 2023 did not go through because of unfavourable market conditions, and SEBI asked for a few corrections in the DRHP or Draft Red Herring Prospectus. However, with huge fundraising from top companies and banks, OYO made many acquisitions to increase its value to over 10 billion dollars in 2019. But because of a few reasons, including expensive acquisitions and buying thousands of properties and others, the value has been reduced to 2.5 billion dollars now; it is also the reason that its unlisted share value has come down from its high of Rs. 120 to Rs. 50 now. But it is a golden opportunity that savvy investors should not miss, as OYO, with enormous potential and recent excellent financial results, will increase its value and also come out with the IPO for you to reap huge profits.
So, check out all about Oravel Stays Ltd OYO share price and past IPO attempts and how it could increase its value again by launching a fresh IPO, listing its shares in the exchanges at a considerable premium, and making windfall returns.
When was the first IPO attempt by Oravel Stays Ltd (OYO)?
In 2021, OYO had over 157,000 storefronts in over 35 countries listed on its new-age technology platform to help unbranded, underutilised, fragmented hospitality assets into brands with digital operations to make higher revenue by providing customers excellent service. Also, the many continuous acquisitions by OYO include the Qilk Pass team, which led the data science department in 2016. In 2018, it acquired Novascotia Boutique, a Chennai-based service apartment provider, to establish a presence in the sector. Also, it acquired Weddingz, a Mumbai-based online marketplace for wedding vendors and venues, to organise 40 billion dollars worth of the wedding industry in 2019. OYO entered into a strategic partnership with Airbnb and acquired Leisure Group, an Amsterdam-based Europe’s largest vacation rental company. All these acquisitions made through the vast funds raised from top companies and banks will take time to yield the desired results. However, the valuation of OYO dropped from over 10 billion dollars. Hene SEBI wanted to reduce the issue size by raising over Rs. 8,000 crores by OYO in its first IPO in 2020 so as not to go through with it.
Conclusion:
The above facts about Oravel Stays Ltd (OYO) ‘s first IPO attempt failing, followed by its second attempt also not going through in 2023, do not reduce its potential to come out with an IPO because its value is still around 3 billion with millions of rooms. Tens of thousands of properties, along with many other income sources, will raise its unlisted share price to unexpected levels in the near future.
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