India, July 1 -- OYO Files UDRHP For Rs.6,650 Cr IPO

OYO is making its third attempt at the Indian bourses. The hospitality unicorn's parent PRISM has filed its updated DRHP with SEBI for an IPO, which will consist entirely of a fresh issue. Backed by multifold profit surge, will OYO finally cross the D-Street finish line?

OYO's IPO Gameplan: The hospitality major has filed its papers for a Rs.6,650 Cr fresh issue, with no OFS. Eyeing a valuation of up to $8 Bn via the listing, the hospitality giant plans to spend the biggest chunk of the fresh proceeds (Rs.4,987 Cr) for debt repayment or prepayment. It is also mulling a pre-IPO placement of up to Rs.1,330 Cr.

The Profit Story: Unlike its previous two IPO attempts, OYO is entering the ...