Upcoming IPO: Ritesh Aggarwal's OYO IPO May Hit Dalal Street With $800 Cr Valuation; What Investors Must Know

Upcoming IPO: In a major development for primary market investors, the Indian multinational hospitality and technology company, OYO, is all set to bring its initial public offering (IPO) to the Indian stock market. Ritesh Aggarwal's OYOis planning to raise $800 crore with its IPO and is planning to file the draft red herring prospectus (DRHP) in November, reported PTI on Monday, August 25.

OYO officials have been in discussions with key banking partners to ramp up the IPO process in recent weeks. The valuation guidance is now pegged at USD 7-8 billion (equivalent to Rs 70 per share), reported PTI, citing sources. An official response from OYO on GoodReturns' query is awaited.

Upcoming OYO IPO: All The Details You Need To Know

In response to PTI query about OYO IPO, an official from the company refrained from giving exact details about the IPO timeline. "While we cannot comment on any timelines related to OYO's DRHP or IPO related plans, since it's a decision that will be guided by OYO's Board of Directors and will be solely at their discretion. For now, OYO continues to evaluate a range of strategic options to drive value for its stakeholders," PTI quoted a company spokesperson.

OYO IPO Valuation

The OYO IPO valuation guidance is now pegged at $7-8 billion (around Rs 70 per share), which is in the range of 25-30 times the EBITDA.

Upcoming IPO: When Will OYO File IPO Papers?

The company is expected to file the IPO papers with the Securities and Exchange Board of India (SEBI) in November, reported PTI.

Upcoming OYO IPO: Which Banks Are Involved in the IPO Filing Process?

The company is in discussions with banks like Axis, Citi, Goldman Sachs, ICICI, JM Financial, and Jefferies in London to assess the market sentiment. Other IPO details will be finalised only after receiving confirmation from the board, reported PTI, citing sources. SoftBank remains one of OYO's largest shareholders.

OYO Brand Rebranding

In addition to launching the IPO, OYO is also working on the rollout of a new parent brand identity that will unify its expanding portfolio. Earlier this year, OYO founder and CEO Ritesh Agarwal asked for suggestions for its parent entity Oravel Stay Limited via his social media platforms.

Aggarwal's social media post was an indication that the name chosen through the exercise may end up being the new name of the group.

OYO New Ventures

Coming to its growth and expansion plans, the company is exploring the opportunity to launch a separate application for its premium hotels and mid-market to premium company-services hotels. The attempt aligns with the industry trend where the segment is seeing exponential growth across India as well as its global markets.

OYO FY25 Profit Recap

OYO became the most profitable Indian startup with a profit after tax of Rs 623 crore in the 2024-25 financial year, Founder Ritesh Agarwal told employees in a town hall in May 2025.

According to documents accessed by PTI, as per its unaudited financials, the company's FY25 PAT (profit after tax) grew 172 per cent from ₹229 crore in the preceding year. It achieved an adjusted EBITDA of ₹1,132 crore in FY25, compared to ₹889 crore in the year-ago fiscal, registering a 27 per cent year-on-year growth and its tenth consecutive quarter of EBITDA profitability.

Consequently, OYO's earnings per share (EPS) reached ₹0.93 for FY25, up from ₹0.36 in FY24, reflecting a 158 per cent increase, the documents showed.