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OYO Targets November DRHP Filing at $7–8 Billion Valuation, Sources Say

SoftBank’s bank outreach has set the stage for a board review of the listing plan.

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Overview

  • The company is expected to present the IPO proposal to its board next week, according to people familiar with the matter.
  • Recent guidance discussed with advisers pegs valuation at $7–8 billion, roughly 25–30 times EBITDA and around Rs 70 per share.
  • SoftBank has consulted Axis, Citi, Goldman Sachs, ICICI, JM Financial, and Jefferies in London to gauge investor appetite.
  • The prospective filing would showcase OYO’s latest Q1 performance, with sources citing stronger fundamentals and sector tailwinds.
  • A spokesperson declined to confirm timelines, as OYO also advances a new parent brand identity and explores a separate app for premium hotels.