SEBI clears OYO's ₹6,650 cr IPO at $7-8 bn valuation in third listing attempt
SEBI greenlit five IPOs totaling ₹9,900 crore, headlined by OYO parent Oravel Stays targeting a $7-8 billion valuation. The hospitality unicorn's third listing bid is backed by SoftBank, with Truhome Finance (₹3,000 cr) and Veegaland Developers (₹250 cr) also cleared.
What happened
Oyo · SEBI cleared five IPOs totaling ₹9,900 crore, including OYO parent Oravel Stays' third listing attempt at ₹6,650 crore targeting $7-8 billion valuation,
Key facts
- ₹9,900 crore total
- ₹6,650 crore OYO IPO
- $7-8 billion OYO valuation
- ₹3,000 crore Truhome
- ₹250 crore Veegaland
- 36,105,578 Advanta OFS shares
Why this matters
OYO's cleared listing alongside Truhome Finance and Veegaland creates a window for strategic positioning in hospitality M&A, as a public OYO with fresh capital could accelerate consolidation of fragmented budget hotel inventory.