Oravel Stays IPO / OYO IPO Review, Bid, Size, Allotment, Subscription, GMP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Oravel Stays IPO release date, OYO IPO offer price, subscription, Oravel Stays Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 1 |
| Price Band | Rs [●] |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs 14,300 Million |
| Fresh Issue | Rs 70,000 Million |
| IPO Size | Rs 84,300 Million |
| Tick Size | 1 |
Oravel Stays IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Oravel Stays IPO – Summary
They are a leading, new-age technology platform empowering the large yet highly fragmented global hospitality ecosystem, according to RedSeer. They have been focused on reshaping the short-stay accommodation space since their incorporation in 2012 and have developed a unique two-sided technology platform focused on comprehensively addressing key pain points of their Patrons on the supply side and their Customers on the demand side.
Their unique business model helps their Patrons transform fragmented, unbranded, and underutilized hospitality assets into branded, digitally-enabled storefronts with higher revenue generation potential and provides their customers with access to a broad range of high-quality storefronts at compelling price points.
The Promoter of this company is RITESH AGARWAL, RA HOSPITALITY HOLDINGS (CAYMAN) AND SVF INDIA HOLDINGS (CAYMAN) LIMITED. The lead manager to the issue is Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, Citigroup Global Markets India Private Limited, ICICI Securities Limited, Nomura Financial Advisory and Securities (India) Private Limited, JM Financial Limited, and Deutsche Equities India Private Limited, and the Registrar to this issue is Link Intime India Private Limited.
Oravel Stays IPO Date / OYO IPO Date
The opening and the closing date of Oravel Stays IPO are not available yet.
Check out Related IPO Links:
| Oravel Stays IPO GMP |
| Allotment – Oravel Stays IPO |
Oravel Stays / OYO IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Check Oravel Stays IPO LIVE Subscription
- Oravel Stays IPO LIVE Bid details on BSE
- Oravel Stays IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Oravel Stays IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Oravel Stays IPO / OYO IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
OYO IPO Price Band
The face value of each share is Rs.1, but the price band of the IPO is Rs.[●]
OYO IPO Size
This Initial Public Issue of X Equity Shares of Rs.1 each for cash at a price of Rs.[●] per equity share aggregating to Rs.84,300 Million.
Oravel Stays IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.1/ each.
Issue Size: X Equity Shares of Rs.1 each, aggregating to Rs.84,300 Million
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Oravel Stays IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Oravel Stays Share Price |
Oravel Stays IPO Grey Market Premium
The Oravel Stays Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Oravel Stays IPO – Company Overview
Their Patrons use their platform to manage all mission-critical aspects of their business operations. Their comprehensive, full-stack technology suite integrates more than 40 products and services across their digital sign-up and onboarding, revenue management, daily business management, and D2C stacks into their two flagship Patron applications, Co-OYO and OYO OS.
This enables their Patrons to have a significant digital presence across their extensive distribution network. Their Customers can book storefronts through their D2C channels on their platform and indirect channels with third-party OTAs.
Their OYO mobile application offers a variety of digital tools to guide their customers throughout their journey, including discovery, seamless booking, pre-stay assistance and cancellations, digital check-ins as well as in-stay and post-stay services. As of March 31, 2021, they had 157,344 storefronts across more than 35 countries listed on their platform.
Their OYO mobile application was the third most downloaded travel mobile application globally and the most downloaded travel mobile application in Asia in 2020,6 according to Sensor Tower and had over 100 million downloads as of March 31, 2021.
OYO IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | |||
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 87,510.48 | 1,41,089.82 | 1,17,426.08 |
| *Total Revenue | 41,573.86 | 1,34,132.68 | 65,184.57 |
| Total Expense | 69,360.75 | 2,28,001.20 | 88,094.28 |
| Profit After Tax | (39,438.44) | (1,31,227.77) | (23,645.32) |
Earnings per Equity Share (in Million)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | (5.61) | (20.43) | (3.85) |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. (39,438.44) Million, Rs. (1,31,227.77) Million and Rs. (23,645.32) Million respectively.
Oravel Stays IPO – Promoters
The Promoter of this company is:
- RITESH AGARWAL
- RA HOSPITALITY HOLDINGS (CAYMAN)
- SVF INDIA HOLDINGS (CAYMAN) LIMITED
List of Related Parties (Key Managerial Personnel)
- Ritesh Agarwal, Founder, and Chairman
- Aditya Ghosh, Non-Executive Nominee Director
- Bejul Somaia Independent Director
- Troy Matthew Alstead, Independent Director
- William Steve Albrecht, Independent Director
- Deepa Malik, Independent Director
Oravel Stays IPO – Promoters Holding
- Pre Issue Share Holding – %
- Pos Issue Share Holding – %
Oravel Stays IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.84,300 Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,283,360,000 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Oravel Stays IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Prepayment or repayment, in part, of certain borrowings availed by certain of their Subsidiaries;
2. Funding their organic and inorganic growth initiatives; and
3. General corporate purposes
Oravel Stays – Business Strategy
- Grow their Patron base and storefront footprint globally
- Grow their GBV per storefront
- Expand their technology platform to further strengthen their value proposition and engagement
- Continued focus on profitable growth with established unit economics
- Enhance their global brand strength
Oravel Stays IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Scaled footprint with leadership in Core Growth Markets
- Full-stack technology platform driving strong value proposition for their Patrons and Customers
- High degree of engagement with their Patron and Customer community
- Virtuous flywheel driven by strong network effects
- Strong and trusted consumer brand
- Inherent financial strength with strong unit economics
- Strong leadership team with deep experience
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | (5.61) | (99.7%) | 5.63 |
| 31-Mar-20 | (20.43) | (162.9%) | – |
| Mar-19 | (3.85) | (28.7%) | – |
OYO IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Million) | |
| Oravel Stays Limited | 10 | [●] | (5.61) | (99.7%) | 41,573.86 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Oravel Stays IPO Lead Managers
| Lead Managers |
| Kotak Mahindra Capital Company Limited
J.P. Morgan India Private Limited Citigroup Global Markets India Private Limited ICICI Securities Limited Nomura Financial Advisory and Securities (India) Private Limited JM Financial Limited Deutsche Equities India Private Limited |
Oravel Stays IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C-101, 1st Floor, 247 Park L.B.S. Marg Vikhroli (West) Mumbai 400083 Maharashtra, India Tel: +91 22 4918 6200 Email: oyo.ipo@linkintime.co.in Website: www.linkintime.co.in Investor grievance ID: oyo.ipo@linkintime.co.in Contact person: Shanti Gopalkrishnan SEBI registration no.: INR000004058 |
Oravel Stays IPO – Other Details
- Statutory Auditor – S.R. Batliboi & Associates LLP, Chartered Accountants
- Legal Counsel to the Company – NA
- Bankers to the Company – Axis Bank Limited, Citibank N.A., HDFC Bank Limited, Mizuho Bank, Ltd, Yes Bank Limited, Kotak Mahindra Bank Limited, and ICICI Bank Limited
Oravel Stays / OYO IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Oravel Stays Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Oravel Stays IPO Review FAQs
Ques – What is the Issue Size of Oravel Stays IPO?
Answer – The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of Oravel Stays IPO?
Answer – The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.1 per share.
Ques – What is the Oravel Stays IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
Ques – What is the OYO Stays IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
Ques – What is the OYO Stays IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Ques – Who is the Registrar of OYO Stays IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of OYO Stays IPO?
Answer – Here are the promoters of this IPO – RITESH AGARWAL, RA HOSPITALITY HOLDINGS (CAYMAN), AND SVF INDIA HOLDINGS (CAYMAN) LIMITED. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of Oravel Stays IPO?
Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Oravel Stays IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Oravel Stays Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is (39,438.44), 2020 is (1,31,227.77), 2019 is (23,645.32).
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