Market Update
Oravel Stays Ltd, widely recognised as OYO, has been on a protracted journey towards its Initial Public Offering (IPO).OYO, established by Ritesh Agarwal in 2012, operates as a leading technology platform within the global hospitality sector. Its core mission involves transforming fragmented, unbranded, and underutilised hospitality assets into branded, digitally-enabled fronts, aiming for higher revenue generation potential. This article will comprehensively unpack OYO's IPO journey, from its initial DRHP filing in 2021 and original objectives to its evolving financial performance and path to profitability. We will examine the multifaceted reasons behind the repeated withdrawals and delays, including regulatory feedback, shifts in investor sentiment, and broader macroeconomic factors.
Continue Reading
about 1 months ago