OYO IPO

Oravel Travels Ltd.

OYO IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
To be announced------
Issue SizeIPO Doc
8430.00Cr
DRHP PDF

About OYO

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.;
Parent Organisation
Oravel Travels Ltd.
Founded
2012
Managing Director
Ritesh Agarwal
https://www.youtube.com/watch?v=1k-DVSEngwg

Strengths & Risks

  • 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
  • Full-stack technology platform
  • Two flagship Patron applications - Co-OYO and OYO OS
  • An increase in Patron satisfaction score from 30.1% for the three months ended September 30, 2020 to 72.3% for the three months ended March 31, 2021
  • Unit economics, measured based on Contribution Profit, has improved from 5.1% in Fiscal 2020 to 18.4% in Fiscal 2021
  • The proportion of hotel and home storefronts with minimum guarantees or fixed payout commitments from the company has decreased from 14.7% in Fiscal 2019 to 0.1% in Fiscal 2021.
  • 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.
  • A substantial amount of debt in the past
  • No control over or ability to predict the actions of our patrons, customers and other third parties, such as neighbors or invitees, during a customer’s stay
  • Any adverse outcome in legal proceedings involving Zostel may affect the business.
  • The company is currently involved in a matter before the Competition Commission of India.
  • There is a pending litigation against the company, certain subsidiaries and directors and promoters.

Financials

*All values are in Rs. Cr
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Application details

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