OYO Eyes Third IPO Attempt After Record ₹623 Cr Profit
In a significant development, hospitality firm OYO has announced its plans to file its Initial Public Offering (IPO) papers with the Securities and Exchange Board of India (SEBI) between August and September 2025. The company is targeting a valuation of $6-7 billion in its third attempt at going public. This move comes on the back of a remarkable ₹623 crore profit in FY25, marking a staggering 172% year-on-year increase.
OYO’s decision to file its IPO papers is a significant milestone for the company, which has been expanding its presence globally and diversifying its offerings. The company has been in the process of transforming its business model, focusing on technology and innovation to stay ahead of the competition.
The company’s financial performance has been impressive, with revenue growth of 33% year-on-year to ₹4,646 crore in FY25. The profit figure of ₹623 crore is a significant increase from ₹226 crore in FY24. OYO’s strong financials have been driven by its focus on cost optimization, efficient operations, and strategic partnerships.
OYO’s IPO plans have been in the works for some time now. The company had initially planned to go public in 2023, but it delayed its IPO due to market volatility and regulatory issues. The company’s previous attempts to file its IPO papers were met with resistance, with some investors expressing concerns over the company’s financials and valuation.
However, OYO’s recent financial performance has alleviated some of those concerns, and the company is now well-positioned to make a successful debut on the stock markets. The company’s valuation of $6-7 billion is in line with its previous targets, and it is expected to attract significant interest from investors.
In other news, OYO has recently received a boost in its dispute with Zostel, a rival hospitality firm. The Delhi High Court recently ruled in OYO’s favour, dismissing Zostel’s 7% equity claim. The dispute had been ongoing for several years, with Zostel claiming that OYO had failed to pay it the agreed-upon amount.
The court’s ruling is a significant victory for OYO, which had been facing legal challenges from Zostel. The company has now been cleared of any wrongdoing, and it can focus on its expansion plans and IPO preparations.
OYO’s IPO plans are likely to be closely watched by the investment community, given the company’s significant growth prospects and strong financial performance. The company’s IPO is expected to be a major event in the Indian startup ecosystem, and it will be interesting to see how it unfolds.
Conclusion
OYO’s plans to file its IPO papers with SEBI are significant news for the hospitality industry and the Indian startup ecosystem. The company’s impressive financial performance and strong growth prospects make it an attractive investment opportunity. OYO’s IPO is expected to be a major event, and it will be interesting to see how it unfolds.
Source: https://startuptalky.com/news/oyo-set-to-file-ipo-papers-by-september/
