SEBI Clears Five IPOs: Oyo Parent Oravel Stays Leads With Rs 6,650 Cr Issue

Markets regulator SEBI greenlit five public offerings including Oyo parent Oravel Stays (Rs 6,650 crore at $7-8B valuation), Truhome Finance (Rs 3,000 crore), UPL-backed Advanta Enterprises, Kerala's Veegaland Developers, and Mehta Hitech Industries.

— Source publishedFri, 5 Jun, 2026, 18:23 IST·First seen Fri, 5 Jun, 2026, 18:57 IST·Source NDTV Profit

What happened

Oravel Stays (OYO/PRISM) · SEBI approved five IPOs including Oyo parent Oravel Stays (Rs 6,650 crore, $7-8B valuation), Truhome Finance (Rs 3,000 crore),

Key facts

  • Rs 6,650 crore
  • $7-8 billion
  • Rs 3,000 crore
  • Rs 1,500 crore fresh
  • Rs 250 crore
  • 36,105,578 shares
  • 62 lakh shares

Why this matters

Oravel's path to listing at a $7-8B valuation resets benchmarks for hospitality and consumer-tech comps, sharpening reference points for upcoming M&A and pre-IPO negotiations.