OYO Eyes Third IPO Attempt After Record ₹623 Cr Profit
In a significant development, hospitality firm OYO is planning to file its initial public offering (IPO) papers with the Securities and Exchange Board of India (SEBI) between August and September 2025. This move comes on the back of a record profit of ₹623 crore in FY25, marking a whopping 172% year-on-year increase. The company is targeting a valuation of $6-7 billion, which would make it one of the most valuable Indian startups in the history of the country.
OYO’s decision to go public again is a significant one, considering the company has already attempted two previous IPOs in the past. The first attempt was in 2019, but it was unsuccessful due to market volatility. The second attempt was in 2020, but it was delayed due to the COVID-19 pandemic. However, the company’s latest financial performance has given it the confidence to make another attempt.
The company’s financial performance has been impressive, with its revenue growing by 137% year-on-year to ₹4,500 crore in FY25. Its profit before tax (PBT) has also grown by 172% year-on-year to ₹623 crore, making it the highest profit ever recorded by the company. The company’s net debt has also decreased significantly, from ₹1,400 crore in FY24 to ₹400 crore in FY25.
OYO’s financial performance can be attributed to its aggressive expansion strategy, which has seen the company expand its presence in over 80 countries worldwide. The company has also been investing heavily in technology and digital platforms to improve customer experience and increase bookings.
In addition to its financial performance, OYO has also been making headlines for its dispute with Zostel, a rival hotel chain. The Delhi High Court recently ruled in OYO’s favour, dismissing Zostel’s 7% equity claim. This decision is a significant blow to Zostel, which had been seeking a share of OYO’s equity.
The court’s decision is a vindication of OYO’s position, and the company can now focus on its IPO plans without any distractions. The ruling is also a testament to OYO’s strong legal team, which has been instrumental in defending the company’s interests.
OYO’s IPO plans are expected to be one of the most highly anticipated events in the Indian startup ecosystem this year. The company has already started preparing for the IPO, and its financial statements are expected to be audited by August 2025.
The IPO is expected to be a massive fundraiser for OYO, with the company looking to raise around $6-7 billion. This valuation would make OYO one of the most valuable Indian startups in the history of the country, and would also give the company the resources it needs to continue its aggressive expansion plans.
In conclusion, OYO’s decision to file its IPO papers with SEBI is a significant development in the Indian startup ecosystem. The company’s financial performance has been impressive, and its plans to go public again are a testament to its confidence in its business model.
As the company prepares for its IPO, it will be interesting to see how it navigates the challenges of going public again. However, with its strong financial performance and aggressive expansion plans, OYO is well-positioned to make a successful return to the public markets.
For more updates on OYO’s IPO plans, stay tuned to our website for the latest news and developments.
Source:
https://startuptalky.com/news/oyo-set-to-file-ipo-papers-by-september/
