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By MOFSL
2021-10-22T04:56:22.000Z
4 mins read
OYO IPO: Details, Upcoming Date And Price Band
motilal-oswal:tags/others
2023-09-12T10:28:33.000Z

Opening Date
To be announced
Closing Date
To be announced
Face Value
To be announced
IPO Price Band
To be announced
Minimum Order Quantity
To be announced
Issue Size
Rs 8,430 Crs

The month of October 2021 is here to hit the Indian Stock Market with a bang! With more than 6 IPOs lined up, investors are informed to be aware of every momentum that takes place. One of the 6 major IPOs that will be going live this month is - Oravel Stays Ltd, popularly known as - OYO. So, let’s delve deep into understanding some key elements about the company! Stay updated on the latest Upcoming IPOs 2023!

About OYO

Founded in the year 2013, Oravel Stays Ltd, styled as OYO Rooms, quickly became the centre of attraction for every Indian, as its founder - Ritesh Agarwal, became the youngest self-made billionaire at the age of 27.  Oravel Stays Ltd offers a new-age technology platform that empowers the large yet highly fragmented global hospitality ecosystem. The company is focused on reshaping the short-stay accommodation space since its incorporation in 2012 and have developed a unique two-sided technology platform focused on comprehensively addressing key pain points of its Patrons (being the owners, lessors and/or operators of storefronts listed on our platform) on the supply side and its Customers (being travelers and guests who book accommodations at our Patrons’ storefronts through its platform) on the demand side. At present, the company has 157,344 storefronts across more than 35 countries listed on its platform.

Let’s now move onto the main part of this article. Here, we’re going to be looking at some of the most important details of this upcoming IPO viz - Oravel Stays Ltd IPO date and it’s share price.

According to the Red Herring Prospectus filed by the company, the public issue of the equity shares is yet to be declared, tentatively slated to go live around the last week of October 2021.

The total issue size of the latest IPO of Oravel Stays Ltd is expected to be around Rs 8,430 crores. Out of this, the fresh issue is expected to be around Rs 7,000crores and the rest will be an offer for sale.

The price band of the company’s upcoming IPO is yet to be finalised and announced by the company.

Since the IPO of Oravel Stays Ltd is from the mainboard, it would be listed on both - the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE)

The objective of going live with its IPO are herein stated to be - Prepayment or repayment, in part, of certain borrowings availed by certain of its Subsidiaries; Funding its organic and inorganic growth initiatives; and for other general corporate purposes

Conclusion

With so many new-age companies going live with their IPOs this month, you might be surely excited to experience how the Indian Stock Market will step into its new chapter. If you wish to become a part of this growing Indian Market, you will need to have an online demat and trading account, which will help you get shares of your favourite companies. To get an online DEMAT account for Free*, all you have to do is sign-up with Motilal Oswal and get started.

If you already have an existing account, you can  start your  online trading  and invest in the upcoming IPO's.

With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the  upcoming IPOs  by regularly following our  IPO calendar.

Popular Stocks:  HDFC Bank share price | ICICI Bank Share Price | UPL Share Price | Tata Consumer Share Price | Divislab Share Price

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