IPO · Commerce & Consumer Brands

Oravel Stays files for ₹6,650 crore initial public offering

By Startup Enthusiast · 12 September 2026

What they do

Oravel Stays operates a global hospitality platform managing over 175,000 hotels and homes across 35 countries

The company filed for an initial public offering (a process where a private company sells shares to the public) worth ₹6,650 crore

Proceeds from the fresh issue will primarily fund debt repayment for its Singapore subsidiary and general corporate purposes

Oravel Stays Limited has filed for an initial public offering (IPO) to raise up to ₹6,650 crore through a fresh issue of shares.
The offering includes a pre-IPO placement of up to ₹1,330 crore, which accounts for a maximum of 20% of the total fresh issue.
The company plans to use the capital to invest in its subsidiary, Oravel Stays Singapore Pte. Ltd., specifically for the repayment or prepayment of borrowings.
A portion of the proceeds is also earmarked for general corporate purposes to support ongoing business operations.
The company has reserved a specific portion of equity shares for its employees and may offer them a discount on the final issue price.
The face value of each equity share is set at ₹1, with the final issue price to be determined through the book-building process.

Oravel Stays achieved a significant milestone by becoming the most profitable Indian startup in FY25, reporting a profit of ₹623 crore.
The company has aggressively expanded its global footprint, including the rebranding of its corporate entity to PRISM in September 2025.
The firm continues to integrate advanced technology, becoming the first Indian hospitality company to deploy Google’s Veo 3 AI.

The company operates a vast network of over 175,000 hotels and homes across more than 35 countries.
It serves a diverse customer base, having hosted over 100 million guests since its inception.
The platform supports over 5,000 corporate clients who utilize its services for business travel.
Its brand portfolio includes OYO, the premium Sunday hotels, DanCenter for holiday homes, and G6 for extended stays.
The company reported 20% annual growth in its corporate segment, adding 3,500 new clients in FY25 alone.
It maintains a strong digital presence with over 100 million app downloads globally.

The company plans to continue scaling its extended stay strategy through the G6 brand.
The premium Sunday brand aims to add 40 new hotels during the 2025-26 period.
DanCenter intends to add 250 vacation homes in India throughout FY26.