OYO Eyes Third IPO Attempt After Record ₹623 Cr Profit
The 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, targeting a valuation of $6-7 billion. This move comes after the company reported a record profit of ₹623 crore in the fiscal year 2025, marking a significant 172% year-on-year increase.
OYO’s decision to go public for the third time is a testament to the company’s rapid growth and success in the hospitality industry. The company, which was founded in 2013 by Ritesh Agarwal, has expanded its operations to over 80 countries and has a presence in more than 500 cities worldwide.
In the fiscal year 2025, OYO’s revenue grew by 30% to ₹4,300 crore, while its net profit increased by 172% to ₹623 crore. The company’s revenue growth was driven by a significant increase in the number of rooms sold, as well as an improvement in average daily rates.
OYO’s plans to go public come at a time when the Indian hospitality industry is experiencing significant growth. The country’s tourism sector is expected to grow at a compound annual growth rate (CAGR) of 12% between 2020 and 2025, driven by an increase in disposable income, improved infrastructure, and a growing middle class.
The company’s IPO plans have been given a boost by a recent ruling by the Delhi High Court in its favour in its dispute with Zostel. The court dismissed Zostel’s claim of 7% equity in OYO, paving the way for the company to move forward with its IPO plans.
OYO’s IPO is expected to be one of the largest in the Indian startup ecosystem in recent years. The company is likely to raise between $500 million and $1 billion through the IPO, which will be used to fund its growth plans, pay off debt, and provide returns to its investors.
The company’s IPO plans have been well-received by the market, with OYO’s stock price increasing by over 10% since the news of the IPO was announced. The company’s valuation is expected to be in the range of $6-7 billion, making it one of the most valuable startups in India.
OYO’s success is a testament to the company’s ability to adapt to changing market conditions and its focus on providing high-quality services to its customers. The company’s IPO is likely to be a major milestone in its journey, and it is expected to create significant value for its investors and employees.
In conclusion, OYO’s plans to file its IPO papers with SEBI between August and September 2025, targeting a valuation of $6-7 billion, is a significant development in the Indian startup ecosystem. The company’s record profit in FY25, marking a 172% year-on-year increase, is a testament to its success in the hospitality industry. The company’s IPO is likely to be one of the largest in the Indian startup ecosystem in recent years, and it is expected to create significant value for its investors and employees.
News Source: https://startuptalky.com/news/oyo-set-to-file-ipo-papers-by-september/
