OYO (IPO) Share Price, Date, GMP, Review, Allotment Details
OYO is a digital platform which offers hotel rooms, homes, and living space for rent. The company does not own hotels and all but it only is the mediator between you and the dealer to make transactions.
It provides you with the cheapest to the most expensive living space for rent.
What is OYO: ORAVEL STAYS LIMITED?
Contents
- 1 What is OYO: ORAVEL STAYS LIMITED?
- 2 OYO IPO Details
- 3 OYO IPO Promoter Holding
- 4 OYO IPO Date
- 5 OYO Unlisted Share Price
- 6 Company Financials
- 7 IPO Financials
- 8 Objects of the Issue (OYO IPO Objectives)
- 9 OYO Limited Contact Details
- 10 OYO IPO Lead Manager(s)
- 11 OYO IPO GMP
- 12 Cons and Pros of OYO
- 13 Conclusion
- 14 FAQs
Oyo is a top tech platform that provides short-term stays for travellers. The company helps the unpopular and underused spaces into popular, branded places which generate more money. It also offers customers many high-quality, affordable places to stay. Since starting in 2012, Oyo has worked to solve problems in the hospitality industry, connecting property owners and travellers through its platform.
OYO IPO Details
| Issue Size | 8430 Cr |
| Minimum Investment | — |
| Lot Size | — |
| Price Range | — |
| Bidding Date | — |
| Managing Director | Ritesh Agarwal |
| Parent Organisation | Oravel Travels Ltd. |
OYO IPO Promoter Holding
Founder Ritesh Agarwal personally owns 39% of the company. His company, RA Hospitality, holds an additional 44% of the shares. Smaller investors and the company own the remaining 17% of the shares. This pattern shows that Ritesh Agarwal and his firm control the majority of OYO’s ownership, while other investors hold a smaller portion.
| Key Information* | 2023 A | 2024 E | 2025 E | 2026 E | 2027 E |
| Total Income | 560.17 | 835.44 | 1,247.61 | 1,865.04 | 2,790.22 |
| Operating Income | -23.61 | 97.81 | 196.48 | 334.45 | 591.15 |
| EBIT | -91.77 | 15.85 | 85.84 | 186.92 | 425.19 |
| EBT (Inc. Exceptional items) | -128.64 | -33.97 | 18.13 | 86.75 | 306.86 |
OYO IPO Date
The company will raise new shares worth 7000 Cr and some existing investors will do the same worth 1430 Cr. The money from the IPO is expected to be used the pay off debts to grow the company. The documentation work has been done by the SEBI and the IPO date will be announced soon.
The unlisted shares price of this company is 65rs per share. Since the company is expected to improve its financial performance in the coming years, there could be a rise in its share value after launching its IPO. Till now no official price range has been announced by the company yet.
Company Financials
| Market Cap | ₹ 8633Cr |
| Current Price | ₹ 65 |
| Lot Size | 500 |
| 52W High | ₹ 80(Unlisted) |
| EPS | -9.69 |
| P/B | 14.8 |
| Face Value | 1 |
| Debt to Equity | 8.71 |
| Stock P/E | -6.7 |
| Book Value | ₹ 4.4 |
| 52W Low | ₹ 38(Unlisted) |
| No. of Shares | 132.81Cr. |
| ROE | 25.52% |
IPO Financials
| FY20 | FY21 | FY22 | FY23 | FY24 | YOY % FY24 | CAGR % FY24 | |
| Net Sales | 13168.2 | 3961.6 | 4781.4 | 5463.9 | 5388.8 | -1.4 | -20 |
| Total Income | 13413.3 | 4157.4 | 4905.2 | 5601.7 | 5541.6 | -1.1 | -19.8 |
| Net Profit | -11079.8 | -4102.3 | -2139.9 | -1286.5 | 225.6 | -117.5 | NAN |
| Shareholder Funds | 6456.7 | 2744.1 | 1443.6 | 582.6 | 900.7 | 54.6 | -38.9 |
| Total Assets | 14109 | 8751 | 8452.5 | 7932.4 | 6443.5 | -18.8 | -17.8 |
| EPS | -18.41 | -6.82 | -3.56 | -9.69 | 1.7 | -117.5 |
Objects of the Issue (OYO IPO Objectives)
The company is going to issue its fresh share worth ₹7,000 crores and an offer for sale (OFS) worth ₹1,430 crores. The money raised will be used to pay off debts, and grow the company, as the company had some debt which became an obstacle to growth. The details of its IPO like the share price and lot size have not been announced yet.
OYO Limited Contact Details
Business support: Call 0124 6201381
Reservations and bookings: Call 01244208080
Customer care: customer care in India at 9313931393
OYO customer care number (India) 9313931393 or write to us at [email protected] for quick assistance.
OYO IPO Lead Manager(s)
- Nomura Financial Advisory and Securities (India) Private Limited.
- JM Financial Limited.
- Deutsche Equities India Private Limited.
- Kotak Mahindra Capital Company Limited.
- JP Morgan India Private Limited.
- Citigroup Global Markets India Private Limited.
- ICICI Securities Limited.
OYO IPO GMP
At the current time, the grey market premium (GMP) for OYO’s upcoming IPO is estimated to be between ₹20 and ₹25 per share. This suggests that traders in the unofficial market believe the shares will be listed at a higher price than the initial offer. It is only known till now that the company will list its share worth rs 8430 Cr through the IPO in which rs 7000 Cr will be the fresh shares and the remaining from the investors sell.
Cons and Pros of OYO
Pros :
- It is one of the biggest hotel chains in India and has expanded globally. The company has experienced rapid growth, especially as travel picks up after COVID-19.
- It doesn’t own hotels but partners with hotel owners. This helps the company save money and may lead to better profits.
- The company offers affordable stays to people, a large and steady market even during tough economic times.
- Big companies like SoftBank have invested in OYO, showing confidence in its future growth
- As people travel more after the pandemic, there could be higher demand for budget hotels, benefiting OYO.
Cons:
- The company has been losing money for years. Its rapid growth has led to high costs, which could worry investors.
- It has faced legal challenges in different countries, which might affect its business and profits.
- While SoftBank’s backing is helpful, its push for fast growth may lead to risks and pressure on its profits.
- It has had issues with customer service and bad reviews. In future, it should be resolved to grow.
Conclusion
OYO is one of the known companies for providing hospitality at a very affordable price. But as there is a lot of competition the company suffers more sometimes they get highlighted due to its bad customer support. The company trying to resolve all the problems one by one. Recently they announced to launch of its IPO, we have shared the all information related to the company and its IPO. So if you are interested in the company to invest then read the whole article to know in detail.
