Oravel Travels Ltd. IPO
Price Band
₹ – ₹
Lot Size
Minimum Bid Quantity
Not Announced
Minimum Investment
₹0
Issue Size
₹8430Cr
Opens
Closes
Listing
Not Announced
IPO Details
Issue Type
EQUITY
Face Value
₹0
Tick Size
1
ISIN
OYOISIN123
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
OYO is a leading, new-age technology platform empowering the large yet highly fragmented global hospitality ecosystem. It has been focusing on the short-stay accommodation space since 2012. Its unique business model helps its patrons transform fragmented, unbranded, and underutilized hospitality assets into branded, digitally-enabled storefronts with higher revenue generation potential. OYO provides its customers with high-quality storefronts at compelling price points.
Pros
- • Largest footprint in terms of hotel storefronts in India and SEA
- • Second largest footprint in Europe in terms of home storefronts among full stack short-stay accommodation players, according to RedSeer.
- • Asset-light business model and a lean cost structure - the company does not own the storefronts listed on its platform
Cons
- • Impact of the Covid-19 pandemic on the travel industry.
- • Negative cash flows from operating activities in prior years.
- • Company has incurred net losses in each year since incorporation.
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