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OYO Preps November DRHP, Targets $7–8 Billion IPO Valuation

Sources say SoftBank coordinated banker outreach to tee up a board review next week.

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Overview

  • The company plans to present an IPO proposal to its board next week, according to PTI reporting.
  • Valuation guidance is pegged at $7–8 billion—about Rs 70 per share—or roughly 25–30 times EBITDA, sources said.
  • SoftBank engaged Axis, Citi, Goldman Sachs, ICICI, JM Financial and Jefferies in London to gauge market sentiment, per people familiar with the matter.
  • An OYO spokesperson declined to confirm timelines, saying the board will decide as the company evaluates strategic options.
  • The anticipated filing is expected to highlight improved Q1 and FY25 metrics and aligns with work on a new parent brand and a separate app for premium and mid‑market hotels.