OYO may come up with its IPO around Diwali this year
Oravel Stays Limited
Created at 09 Jun 2022 19:49
As per sources, familiar with ORAVEL STAYS LIMITED, the holding company of OYO, which filed its DRHP in September 2021 to raise INR 8,430 Cr through an IPO, may reduce its IPO size to around INR 6,227 Cr. Due to negative market sentiments globally, and investors' pullback from new edge tech companies, OYO may settle with lower valuations.