Oravel Stays Ltd. (OYO Rooms): Business & IPO Dashboard
Company Overview & Business Model
Corporation Name: Oravel Stays Ltd., (trading as OYO Rooms).
Founder & CEO: Ritesh Agarwal. He started the venture as Oracle Travels at 17, rebranding to OYO in 2013.
Key Strategies:
- Standardization: Hotels are brought under lease or franchise agreements and standardized to meet OYO brand quality.
- Tech-Driven Bookings: Utilizes proprietary web and mobile applications to facilitate easy booking and management.
- Asset-Light Strategy: Focuses on franchise and management agreements, which minimizes Capital Expenditure (CapEx) and associated risks.
Size & Scope
IPO Details & Offering
The Initial Public Offering (IPO) aims to raise ₹8,430 crores through a combination of a fresh issue of shares and an Offer for Sale (OFS).
IPO Size Distribution
The Big Idea & Planning
The IPO proceeds will be used to focus on a leaner portfolio of fewer, high-margin, and more controlled properties that are resistant to demand fluctuations, aiming for enhanced profitability.
Key lead banks include Goldman Sachs, Citi, ICICI, Axis, and Jefferies. The proposal is being presented to major investor SoftBank in London.
| Category | Details |
|---|---|
| IPO Issue Size | ₹8,430 crores (₹7,000 Cr Fresh Issue + ₹1,430 Cr OFS) |
| Expected Opening Date | January-March 2026 (Subject to confirmation) |
| Price Band | ₹55 – ₹58 per share |
| Lot Size | 255 shares |
| Minimum Investment | ₹14,800 (Retail), ₹2,01,000 (Small NIIs), ₹10,01,000 (Big NIIs) |
| Listing Platforms | NSE and BSE |
| Talked-about Valuation | ~US $7 Billion (To be finalized) |
| Registrar | Link Intime India Private Limited |
Financials & Performance
OYO has demonstrated significant financial improvement, achieving its first profitable fiscal year and showing consistent positive EBITDA for 10 consecutive quarters.
Net Profit Growth (FY24 vs FY25)
Valuation Trends (USD Billions)
| Metric | FY25 Performance | Notes |
|---|---|---|
| Net Profit | ₹623 Cr | +172% Year-over-Year growth from ₹229 Cr in FY24 |
| Earnings Per Share (EPS) | 0.93 | Rose by 158% |
| Revenue | ₹6,463 Cr (approx. from GBP) | Based on provided GBP figure |
| Total Gross Booking Value | ₹16,436 Cr | Represents total value of all bookings made |
| Occupancy Rate | 2.7x industry average | Indicates strong demand for OYO properties |
| Booking Repeat Rate | 1.3x industry average | Highlights customer loyalty |
Funding History & Shareholding
OYO has raised approximately US $4.1 billion over 26 financing rounds, attracting a diverse group of high-profile global investors.
Key Investors Include:
- SoftBank
- Lightspeed Venture Partners
- Sequoia Capital
- Greenoaks Capital
- Grab
- Didi
- Airbnb
- Microsoft
- Fidelity
- Citadel
Pre-IPO Shareholding & OFS Details
- Founder's Stake: Founder Ritesh Agarwal, via his entity RA Hospitality, will not be selling any of his shares in the IPO.
- SoftBank Divestment: As the largest institutional shareholder, SoftBank is expected to divest a portion of its stake, selling shares worth up to ₹1,328.5 crores through the Offer-for-Sale (OFS).
- Total OFS: The total size of the OFS component from all selling shareholders is ₹1,430 crores.
- New Equity: The company is raising ₹7,000 crores in fresh capital.
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Disclaimer: All financial figures and IPO details are based on the provided information and are subject to change. Investors should consult the official DRHP document before making any investment decisions.
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