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OYO, a prominent name in the global hospitality ecosystem, is gearing up for its Initial Public Offering (IPO). Here’s a comprehensive guide to help you understand the key details about the OYO IPO, its strengths, risks, and more.
OYO IPO Details
- Bidding Dates: To be announced
- Issue Size: Rs. 8430 crore
- Fresh Issue: Rs. 7000 crore
- Offer for Sale: Rs. 1430 crore
- Minimum Investment: Details yet to be announced
- Lot Size: To be declared
- Price Range: To be determined
- Registrar: Link Intime India Private Limited
- Listing: Shares will be listed on both the BSE and NSE.
About OYO
OYO is a leading new-age technology platform revolutionizing the highly fragmented global hospitality industry. Since its inception in 2012, the company has been committed to transforming underutilized, unbranded hospitality assets into branded, digitally enabled storefronts that deliver higher revenue potential. With a strong emphasis on short-stay accommodations, OYO offers customers high-quality lodging at competitive price points.
- Founded In: 2012
- Managing Director: Ritesh Agarwal
- Parent Organization: Oravel Travels Ltd.
Strengths of OYO
- Global Footprint:
- Largest network of hotel storefronts in India and Southeast Asia.
- Second-largest home storefront presence in Europe among full-stack short-stay accommodation players (source: RedSeer).
- Asset-Light Business Model: OYO does not own the properties listed on its platform, which helps maintain a lean cost structure.
- Full-Stack Technology Platform: Two flagship Patron applications, Co-OYO and OYO OS, enhance operational efficiency and Patron satisfaction.
- Improved Unit Economics: Contribution profit improved from 5.1% in FY20 to 18.4% in FY21.
- Increased Patron Satisfaction: Satisfaction score rose from 30.1% (Q3 FY21) to 72.3% (Q4 FY21).
- Reduced Financial Commitments: Proportion of storefronts with fixed payout commitments decreased from 14.7% in FY19 to 0.1% in FY21.
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Risks and Challenges
Top FAQs About OYO IPO
The OYO IPO issue size includes a fresh issue worth Rs. 7000 crore and an offer for sale worth Rs. 1430 crore.
The dates are yet to be announced.
Details about the lot size and minimum order quantity have not been declared yet.
The allotment date is yet to be announced.
The registrar is Link Intime India Private Limited.
Shares of OYO will be listed on the BSE and NSE.
Oravel Stays Ltd. is the official name of OYO Hotels.
Conclusion
OYO’s IPO is highly anticipated, given its innovative business model, strong market presence, and technology-driven approach to hospitality. However, potential investors should carefully evaluate the risks and financial performance before making investment decisions. Stay tuned for updates on the IPO dates, price range, and other key details.