OYO IPO Detail Information

IPO Details GMP Dates Subscription Status Allotment Status

OYO IPO

OYO IPO: Oravel Stays Limited is an innovative, cutting-edge technology platform that empowers the huge but highly fragmented global hotel ecosystem. OYO has been focused on redefining the short-stay hotel sector since its incorporation in 2012. They have developed a unique, two-sided technology platform that is focused on fixing the most pressing issues for their patrons on the supply side and their customers who are on demand.

OYO’s distinctive business strategy assists patrons of businesses to transform their fragmented unbranded, under-utilized, and unbranded hospitality assets into brand-name digitally-enabled storefronts that offer greater earnings potential. They also provide customers with company access to a variety of premium storefronts at attractive cost points. As of the end of March 2021, OYO had 157,344 storefronts in over 35 different countries on the platform.

Names of Promoters:

  • Ritesh Agarwal
  • RA Hospitality Holdings (Cayman)
  • SVF India Holdings (Cayman) Limited

OYO Company Financials:

The following table will provide a Summary of consolidated financial information.

ParticularsAs of and for the Fiscal ended (in ₹ million)
March 31, 2021March 31, 2020 March 31, 2019
Total Assets 87,510.48141,089.82117,426.08
Total Liabilities60,069.0576,522.7930,456.87
Total Revenue 39,616.49131,681.5263,297.36
Profit After Tax - 39,438.44- 131,227.77- 23,645.32
Total borrowings 31,659.9327,958.78949.90

OYO IPO Details:

IPO Opening DateTo Be Announced
IPO Closing Date To Be Announced
Issue Sizeaggregating up to ₹8,430.00 Cr
Fresh Issueaggregating up to ₹7,000.00 Cr
Offer for Sale aggregating up to ₹1,430.00
Issue Type Book Built Issue IPO
Face Value ₹1 per equity share
Price Band₹. to ₹. per equity share
Market Lot NA
Min Order Quantity NA
Listing at ExchangesBSE & NSE

Objects of the Issue:

  • Prepayment or repayment, in part, of certain borrowings availed by our Subsidiaries
  • Funding our organic and inorganic growth initiatives
  • General corporate purposes

OYO IPO Time Table:

IPO Open Date To Be Announced
IPO Close Date To Be Announced
Basis of Allotment Date To Be Announced
Initiation of Refunds To Be Announced
Credit of Shares to Demat Account To Be Announced
IPO Listing Date To Be Announced

OYO IPO Lot Size:

The market lot size is _ shares. A retail-individual investor can apply for up to _ lots (_ shares or ₹_).

 LotsSharesAmount (Cut-off)
MinimumNANANA
MaximumNANANA

OYO IPO Subscription status:

CategoryShares Offered Percentage (%)Subscription (times)
Qualified Institutional Buyers (QIB)
--NA
Non Institutional Investors (NII)
--NA
Retail Individual Investors (RII)
--NA
Employee --NA
Total --NA

OYO Mission

  • OYO’s goal is to support entrepreneurs as well as small and medium-sized businesses who manage hotels or homes by providing the full stack of technology services and products that are designed to help them increase their revenues and simplify their daily operations. It also aims to allow a global community of customers to book low-cost and reliable hotels through a seamless online experience through the platform.

OYO Business

  • OYO is a leader in a modern technology platform that is empowering the huge, yet extremely fragmented global hospitality industry as per RedSeer. OYO has been focused on redefining the short-stay hotel sector since its company’s inception in 2012 and has created a unique, two-sided technology platform that is focused on solving the most pressing issues for patrons (being the proprietors, owners, lessors, and/or operators of the storefronts that are listed on the OYO’s platform) in the supply aspect, and Customers (being guests and tourists who make reservations at patrons stores through the platforms) in the demand.
  • The unique approach to business allows patrons to transform dispersed unbranded, under-utilized, and unbranded hospitality assets into branded digitally-enabled storefronts that have higher revenue potential. It also provides customers the opportunity to access a vast selection of premium storefronts at competitive prices. As of the end of March 2021, OYO has 157,344 stores across over 35 different countries on its platform.
  • OYO Patrons utilize the platform to handle every aspect of mission-critical business operations. Their full-stack, comprehensive technology suite incorporates more than 40 services and products across digital sign-up and onboarding as well as revenue management, daily business management, and D2C stacks in two main Patron applications: Co-OYO as well as OYO OS. This allows Patrons to enjoy an impressive digital presence throughout their vast distribution network.
  • OYO Storefronts can be booked using their the company’s D2C channels on the platform as well as via indirect channels through third-party OTAs. OYO mobile application provides numerous digital tools that guide customers throughout their journey. These include the discovery process seamless booking cancellations, assistance with pre-stay bookings and digital check-ins, as well with post-stay and in-stay services.

OYO Competitive Strengths

  • Expanded footprint and leadership for Core Growth Markets
  • A full-stack technology platform that creates an attractive value proposition for the company’s customers and patrons
  • High level of engagement with Patrons and Customers of the Company. community
  • Virtuous flywheel powered by network effects strong
  • Financial strength that is inherent and backed by solid unit economics
  • A trusted and reliable brand for consumers
  • A strong leadership team that has extensive knowledge

RISK FACTORS

  • OYO has suffered net losses each year since its incorporation. the ability to become profitable could delay.
  • OYO could not continue to expand at previous growth rates and may encounter problems in executing expansion plans or developing growth strategies.
  • If OYO is unable to retain customers and patrons who are already in the company or gain new Patrons or Customers cost-effectively the revenue could decrease, and the business’s performance, operations, and financial health could be negatively impacted.
  • Enhancing and maintaining the reputation of your brand is crucial for growth. Negative publicity can damage a brand’s image and, consequently, hinder performance in competition, and can adversely impact the business, performance of operations, and financial performance.
  • If OYO does not continue to develop and innovate their platform and platform development, they will not work or don’t keep up with technological advancements, the company might not be competitive, and the business, as well as the results of operations, may suffer.
  • Patron and third-party actions that are unlawful violent, indecent, or unsafe, or fraud could compromise the security or perception of security of the platform as well as its capability to draw and keep patrons and customers and significantly and negatively impact the business reputation, the results of operations and financial health.
  • OYO relies on distributors of third parties such as travel management companies, OTAs along with global distribution platforms for marketing and distribution of storefronts. This could be detrimental to margins and profit.
  • OYO business and activities could be regulated under competition laws in various regions. OYO is currently in the middle of a dispute that is before the Competition Commission of India and could face penalties should any penalties be imposed.
  • OYO could be exposed to the risk that is frequently faced in travel and tourism. A decrease in the accommodation and travel sectors or economic downturn may negatively and significantly impact the business, its results of operations, and its financial position.
  • OYO pricing strategies and the share of revenue they charge Patrons can be affected by a variety of different factors. The company may not always succeed in attracting and keeping patrons and customers.
  • Errors, defects, or vulnerabilities in software, backend systems, or other technology systems, as well as the systems from third-party service suppliers and any interruptions, delays, or interruptions in services provided by these third-party service providers, could affect the performance of services and platforms, and also the reputation and financial performance and performance of operations could be significantly and negatively affected.
  • If OYO does not properly protect intellectual property and data, the business performance, results of operations, and financial performance could be negatively affected.
  • The industry and business in which they operate are extremely competitive locally and internationally, and companies may not be able to succeed.
  • Steps they’re taking to enhance the security and trust of their platform, and the security and reliability of storefronts could result in large costs and could not prove successful.
  • OYO relies on customers’ visits to the platform to boost revenue. If they fail to grow the number of users on their platform in a cost-effective way it can significantly and negatively impact business, results of operations, and financial performance.
  • OYO depends upon mobile operating systems and marketplaces to provide applications to users who use the platform. If they fail to operate in conjunction with or get favorable positions in these marketplaces for applications and continue to receive good reviews, use or brand recognition may decrease and earnings, liquidity, and the results of operations may be negatively affected.
  • OYO’s inability to effectively manage the funds that customers pay especially those who pay in advance for their reservations may negatively and significantly impact business results, operating results, and financial health.
  • OYO debt obligations have limitations that affect business operations and put them at risk which could adversely and significantly affect financial liquidity and financial health. If they require additional funds to help their business, this funding could not be accessible at reasonable terms or even at all.

OYO Growth Strategies

  • Expand Patron storefronts and base locations around the world
  • Increase GBV for each storefront
  • The technology platform is expanded to strengthen its value proposition and increase engagement
  • Focus continues on profitable growth based on well-established unit economies
  • Increase global brand strength

Board of Directors:

NameDesignation
Ritesh Agarwal Founder and Chairman
Aditya GhoshNon-Executive Nominee Director
Bejul SomaiaIndependent Director
Troy Matthew AlsteadIndependent Director
William Steve AlbrechtIndependent Director
Deepa MalikIndependent Director

OYO IPO Prospectus:

Download OYO IPO DRHP

OYO IPO Registrar:

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg
Vikhroli (West)
Mumbai 400083
Maharashtra, India
Tel: +91 22 4918 6200
Email: oyo.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor grievance ID: oyo.ipo@linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI registration no.: INR000004058

IPO Lead Managers:

  • Kotak Mahindra Capital Company Limited
  • J.P. Morgan India Private Limited
  • Citigroup Global Markets India Private Limited
  • ICICI Securities Limited
  • Nomura Financial Advisory and Securities (India) Private Limited
  • JM Financial Limited
  • Deutsche Equities India Private Limited

Registered and Corporate Office:

Registered Office: Ground Floor-001, Mauryansh Elanza, Shyamal Cross Road, Nr. Parekh Hospital, Satelite, Ahmedabad 380015, Gujarat, India; Tel: +91 079-41005020;
Corporate Office: 3rd Floor, Orchid Centre, Sector 53, Golf Course Road, Village Haiderpur Viran, Gurugram 122002, Haryana, India; Tel: +91 0124-4887253;
Contact Person: Vimal Chawla, Vice President – Legal, Company Secretary, and Compliance Officer
Email: investors@oyorooms.com; Website: www.oyorooms.com
Corporate Identity Number: U63090GJ2012PLC107088

IPO Details GMP Dates Subscription Status Allotment Status