OYO IPO Details– Should you apply?

Oravel Stays Limited or commonly known as OYO issued a DRHP with SEBI in September 2021 for its Initial Public Offering. The Oyo IPO will be issued for a worth of Rs. 8,430 Crore.

The Oyo public offer covers a fresh issue of equity shares up to Rs. 7,000 crores and later an offer for sale of equity shares aggregating up to Rs. 1,430 crores from selling shareholders. Some stakeholders and notable promoters include SVF India Holdings Limited, A1 Holdings Inc. Ritesh Agarwal (CEO) amongst others.

The lead book running managers for the Oyo IPO are JM financial Ltd, ICICI Securities, Deutsche Equities India Pvt Ltd and NOMURA Financial Advisory and Securities.