IPO · Commerce & Consumer Brands

OYO files Rs 6650 crore IPO with SEBI

By Startup Enthusiast · 30 June 2026

What they do

OYO is a global hospitality brand operating in over 35 countries with millions of listings

The company filed for an initial public offering to raise Rs 6650 crore through a fresh issue

Proceeds will primarily repay debt while revenue growth signals strong international demand expansion

The company plans to raise Rs 6650 crore through a fresh issue without any offer for sale.
A pre-IPO placement of up to Rs 1330 crore could reduce the final fresh issue size.
Listing venues include both the National Stock Exchange and the Bombay Stock Exchange.
Target valuation sits between $7 billion and $8 billion which is lower than previous attempts.
Previous confidential filings occurred in December 2025 with SEBI approval granted earlier in June 2026.
Lead managers for the listing include Axis Capital Citigroup Goldman Sachs and ICICI Securities among others.
SoftBank remains the largest shareholder holding approximately 40 percent of the company equity.

The IPO aims to materially improve a capital structure currently weighed down by significant debt instruments.
S&P affirmed a B rating but revised the outlook positive due to expected balance sheet strengthening.
International operations drive most revenue suggesting a strategic shift away from domestic market reliance.
Debt repayment using proceeds addresses historical financial leverage concerns raised by credit rating agencies.

OYO operates 43 brands across more than 35 countries serving diverse accommodation needs globally.
The network includes 24303 hotels and 124668 homes as of December 31 2025.
Total unique customers served since inception in 2012 stand at 119.36 million individuals worldwide.
Direct channels account for roughly 68 percent of demand indicating strong brand loyalty and retention.
Loyalty programs comprising OYO Wizard and My6 boast a membership base of 26.4 million users.
International revenue constitutes 84 percent of total operational revenue for the nine months ending FY26.
The United States contributes approximately 27 percent of global revenue driven by G6 Hospitality acquisition.
Europe represents another major market contributing around 24 percent of global revenue streams.
US gross booking value exceeds 52 percent of global totals highlighting American market dominance.
India expansion focuses on company-serviced hotel storefronts rising to 1573 locations by late 2025.
Company-serviced segment in India contributes nearly half of the country's total gross booking value.
Revenue for nine months FY26 reached Rs 6941 crore showing substantial top-line growth momentum.

SoftBank (existing) — Largest shareholder holding 40.04 percent stake in the company.
Patient Capital (existing) — Investment firm holding 3.81 percent stake in the company.
Five Stars Capital (existing) — Investment firm holding 2.77 percent stake in the company.
Lightspeed (existing) — Venture capital firm holding 1.74 percent stake in the company.
Airbnb (existing) — Global travel platform holding 1.22 percent stake in the company.
Peak XV Partners (existing) — Private equity firm holding 1.06 percent stake in the company.