OYO IPO
upcoming
TBAMin. investment
OYO IPO Details
Issue size
---
IPO type
Mainboard
Listing date
To be announced
RHP/DRHP
Read
IPO type
Regular
RHP/DRHP
Read
OYO IPO Timeline
- Pre-applyTo be announced
- Bid startTo be announced
- Bid endTo be announced
- AllotmentTo be announced
- Release of fundsTo be announced
- Demat transferTo be announced
- ListingTo be announced
OYO founder Ritesh Agarwal was once on a backpacking trip in India. His experience taught him that travellers have no idea about what to expect when it comes to picking budget hotels in India. In a bid to fill this gap in the hospitality industry, the then-19-year-old founded OYO in 2013.
OYO Hotels is a digital platform that connects property owners or operators (including hotels and apartments) with travellers. Today, there are more than 1.5 lakh properties listed on OYO catering to a wide user base. Backed by marquee investors such as Softbank and strategic investment from Airbnb, OYO’s parent company Oravel Stays has expanded its footprint to 35 countries.
Over the last two years, much like the rest of the hospitality and tourism industry, OYO too has faced a host of problems and challenges. The pandemic-led restrictions on movement dented its business. A sharp drop in revenue and occupancy rates forced the company to trim its workforce and control costs.
However, the pent-up demand for travel is expected to fuel recovery. After the restructuring, OYO is hoping to grow stronger and raise money to fuel business growth. The net proceeds from the fresh issue of OYO IPO will be used for repaying debt and funding organic as well as inorganic growth of the business.
OYO IPO Contact Details
Company NameOYO
How to apply for OYO IPO?
- Step 1
Log in to your Upstox account to access IPO investments. Next, select the current IPO section.
- Step 2
Specify IPO details. Enter the number of lots and the price you wish to apply for.
- Step 3
Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4
Mandate Notification. Your UPI app will receive a mandate notification to block funds.
- Step 5
Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.
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How to apply for IPOs on Upstox
Step 1
Go to www.upstox.com/ipo or open the Upstox mobile app and select the IPO you wish to apply for from the 'Open IPO' section
Step 2
Click on apply, enter the lot size, price and provide your UPI mandate.
Step 3
Approve the UPI mandate on your UPI app and you are all set!

