Key facts
- Oyo's parent company received approval from the Securities and Exchange Board of India for its IPO.
- The company plans to raise Rs 6,650 crore through the public offer.
- This is Oyo's third attempt to go public.
- An updated draft red herring prospectus is expected in the coming weeks.
Oyo, the hospitality brand, has secured approval from the Securities and Exchange Board of India (Sebi) for its initial public offering (IPO). The company aims to raise ₹6,650 crore through this public offer. This approval signifies the company's third attempt to go public. Oyo is expected to file its updated draft red herring prospectus in the coming weeks, detailing further aspects of the offering. The IPO represents a significant step for the company as it seeks to access public markets.