OYO Eyes Third IPO Attempt after Record ₹623 Cr Profit
India’s hospitality giant, OYO, is set to file its initial public offering (IPO) papers with the Securities and Exchange Board of India (SEBI) between August and September 2025, aiming for a valuation of $6-7 billion. This comes on the heels of a record profit of ₹623 crore (approximately $83 million) in the financial year 2025, marking a staggering 172% year-on-year increase.
The news has sent shockwaves through the Indian startup ecosystem, with many analysts hailing OYO’s financial performance as a testament to its resilience and growth potential. The company has been working towards its IPO plans for some time now, and the recent court ruling in its favor in a dispute with Zostel has cleared the way for the company to move forward with its plans.
A Record-Breaking Profit
OYO’s profit figure for FY25 is a significant milestone for the company, which has been working to transform the hospitality industry in India. The company’s growth has been driven by its focus on technology and innovation, as well as its expanding presence in the domestic and international markets.
OYO’s financial performance has been fueled by its ability to scale its business rapidly, with the company reporting a significant increase in revenue and profitability over the past few years. The company’s revenue has grown from ₹2,400 crore in FY20 to ₹5,500 crore in FY25, representing a compound annual growth rate (CAGR) of over 50%.
IPO Plans
OYO’s IPO plans are expected to be one of the most highly anticipated listings in the Indian startup ecosystem this year. The company is targeting a valuation of $6-7 billion, which would make it one of the largest IPOs in the country’s history.
The IPO is expected to be a mix of fresh issuance and an offer for sale (OFS) by existing shareholders. The company has not yet disclosed the exact size of the IPO or the number of shares that will be on offer.
Court Ruling
OYO’s plans for its IPO have been boosted by a recent court ruling in its favor in a dispute with Zostel, a rival hospitality company. Zostel had claimed a 7% equity stake in OYO, but the Delhi High Court has dismissed the claim, ruling in favor of OYO.
The court ruling has cleared the way for OYO to move forward with its IPO plans, and the company is expected to file its IPO papers with SEBI shortly. The ruling is a significant victory for OYO, which has been embroiled in a long-running dispute with Zostel over the ownership and control of the company.
Growth Potential
OYO’s growth potential is significant, with the company operating over 45,000 hotels and homes across 80 countries. The company has a strong presence in India, as well as a significant presence in international markets such as China, the United States, and Europe.
OYO’s growth has been driven by its focus on technology and innovation, as well as its ability to scale its business rapidly. The company has developed a range of innovative products and services, including its OYO Rooms mobile app and its OYO HomeStay platform.
Conclusion
OYO’s plans for its third IPO attempt are a testament to the company’s growth potential and its commitment to transforming the hospitality industry in India. The company’s record profit and its ability to scale its business rapidly have made it one of the most successful startups in the country.
As OYO prepares to file its IPO papers with SEBI, the company is expected to be one of the most highly anticipated listings in the Indian startup ecosystem this year. With its strong financial performance and its growth potential, OYO is well-positioned to make a significant impact in the global hospitality industry.
Source:
https://startuptalky.com/news/oyo-set-to-file-ipo-papers-by-september/
