Check out the details about Oyo IPO Date 2023 Expected GMP, Listing Date, Share Price, and Launch from this article. Different details about Oyo IPO Date 2023 and other significant details are included in this article.
Oyo IPO Date 2023
Oyo IPO is an upcoming IPO of INR 8,430 Crores. The company filed the DRHP at SEBI on October 1, 2021. Oyo plans to utilize the IPO funds for various purposes, including repayment and prepayment of debts. In 2022, the FHRAI wrote to SEBI, asking to stop the launch of Oyo IPO. FHRAI demanded to stop Oyo IPO due to the penalty imposed by CCI for unfair business practices.
Hence, the Oyo IPO, which was supposed to have launched a year ago, was delayed. According to the information, the Oyo IPO can be released around Diwali of this year. However, the exact Oyo IPO Date 2023 is yet to be revealed by Oyo.
Oyo IPO launch Date
|
Name of the Company |
Oravel Stays Limited |
|
Headquarters |
Haryana |
|
Founded |
2012 |
|
Founder |
Ritesh Agarwal |
|
Issue Size |
INR 8430 Crores |
|
Fresh Issue |
INR 7,000 Crores |
|
Offer for Sale |
INR 1,430 Crores |
|
DRHP Date` |
October 1, 2021 |
|
Listing |
BSE, NSE |
|
Registrar |
Link Intime India Pvt. Ltd. |
|
Website |
oyorooms.com |
Oyo IPO Expected GMP 2023
A few days before the listing of Oyo IPO, the shares of this company might be traded by the investors in an unregulated market. Additionally, the GMP price will provide valuable insights into the Oyo IPO prior to its listing. The GMP price can be effectively used to predict the performance of the Oyo IPO in the coming days.
As the Oyo IPO has not been officially announced, there is no information available on the Oyo IPO Expected GMP. Investors should note that relying solely on the factor -“GMP” for investment decisions can be risky due to its volatility.
Oyo IPO Listing Date 2023
Oyo IPO Listing Date is currently unavailable. This is because the RHP prospectus is yet to be filed by the Oyo. Detailed information, including financial aspects, key people, issue size, promoters, number of shares, fresh issue, listing, registrar, book running lead managers, Oyo IPO listing date, bidding and anchor bidding dates, and other IPO-related information, is usually mentioned in the RHP.
Oyo was initially founded as Oravel Stays by the founder, Ritesh Agrawal. However, in the following year, Ritesh renamed the company to OYO. Over the years, OYO has emerged as one of the leading brands in India’s Hospitality industry. OYO has formed partnerships with many hotels and associations to offer its services.
The key people in Oyo include Ritesh Agrawal, Aditya Ghosh, Bejul Somaia, Deepa Malik, Troy Alstead, and Dr. W. Steve Albrecht. The website, oyorooms.com, was initially launched in 2013. After receiving good customer input and expanding the business, Oyo launched its mobile application in 2015.
According to the Draft Offer Documents of Oyo, the IPO comprises a fresh issue of INR 7,000 Crores and an offer for sale of INR 1,430 Crores. However, the share price of Oyo IPO is not available, as the RHP is yet to be filed. In addition to the Oyo Share Price, the company will also reveal the face value of each share.
The lead managers of the Oyo IPO include – J.P. Morgan India Pvt. Ltd., Nomura Financial Advisory and Securities (India) Pvt. Ltd., Citigroup Global Markets India Pvt. Ltd., Deutsche Equities India Pvt. Ltd. Kotak Mahindra Capital Company Ltd., and JM Financial Ltd.
The price of Oyo Shares will also be used to determine the cost of a lot. As we know, investors have to apply for IPOs through lots, and each lot has a fixed number of shares. Shares in a lot will be multiplied by the share price.
Oyo IPO Launch Date 2023
Oyo IPO is expected to be launched in October/November. Along with the Oyo IPO Launch date of the Oyo IPO, the bid opening date, closing date, allotment dates, refund initiation date, listing date, etc., will also be announced.
During the bidding dates of the Oyo IPO, investors have to apply for this IPO. They can do this through their broker’s website or application. After this, the registrar of the Oyo IPO will provide the allotment status, and shortly after that, the refunds will be initiated. Then, stocks of Oyo will be credited into the demat accounts of the investors and will be listed on NSE and BSE.