Hospitality chain Oyo is set to make its third attempt at going public, following board approval for a fresh IPO filing. This move comes on the heels of the company's impressive financial performance, with EBITDA reaching approximately Rs 1,100.00 crore.

Previous IPO Attempts

Oyo's journey to the public markets has been marked by two previous attempts. The company filed draft prospectuses in 2021 and 2023 but subsequently withdrew both applications. The 2021 attempt was particularly ambitious, targeting an IPO size of Rs 8,430.00 crore.

Financial Projections

CEO Ritesh Agarwal has set optimistic targets for the company's future performance:

These projections suggest a strong growth trajectory and improved profitability for the hospitality chain.

Preparations for the IPO

In preparation for this third attempt, Oyo has taken several key steps:

1. Investment Bank Meetings: The company has approached five investment banks, including Goldman Sachs, Citi, and Jefferies, for meetings with key shareholder SoftBank.

2. Board Composition: Oyo's board includes notable figures such as Troy Alstead, W Steve Albrecht, Aditya Ghosh, SoftBank's Sumer Juneja, and Lightspeed's Bejul Somaia.

3. Filing Focus: The upcoming filing is expected to highlight Oyo's first-quarter financial performance and operational improvements.

Market Sentiment

Senior bankers are reportedly optimistic about Oyo's improved long-term outlook. This positive sentiment, coupled with the company's strong financial performance, could potentially create a more favorable environment for the IPO compared to previous attempts.

Looking Ahead

As Oyo prepares for its third IPO attempt, investors and industry observers will be closely watching the company's financial performance and market conditions. The success of this attempt could mark a significant milestone for the hospitality chain and potentially influence the broader Indian startup ecosystem.

OYO has revealed insights into Indian travelers' preferences for international destinations during the first half of 2025. The travel technology firm's data, based on 20,000 bookings through the OYO app, highlights a significant shift in travel patterns and a notable increase in bookings for destinations with simplified visa processes.

Key Findings

• Dubai, Bali, and Bangkok emerged as the most preferred international destinations for Indian travelers between January and June 2025.
• OYO recorded a 65.00% year-on-year growth in bookings for destinations with streamlined visa procedures.
• Family bookings for Dubai tripled compared to the same period in the previous year.
• Bali saw increased interest from couples and honeymooners.

Travel Duration Trends

OYO's data revealed varying travel durations based on the region:

• Southeast Asian trips: 5-7 days
• Middle Eastern destinations: 3-5 days
• Long-haul travel to Europe and the US: 10-15 days

OYO's Premium Offerings

The company has been expanding its presence in popular international destinations:

• OYO operates 50 premium hotels across key locations
• 23 properties in Southeast Asia
• 27 properties in the Middle East
• These premium offerings are under OYO's SUNDAY and Palette brands

Future Plans

OYO has announced plans to expand its premium offerings in emerging international destinations, capitalizing on the growing trend of Indian travelers seeking experiences abroad.

This data from OYO provides valuable insights into the changing preferences of Indian travelers and the impact of simplified visa processes on travel decisions. As the travel industry continues to recover and evolve, OYO's strategic positioning in key international markets appears to be aligning well with current travel trends.