OYO, officially known as Oravel Stays Limited, founded in 2013 by <a target="_blank" href="https://www.planify.in/investors/ritesh-agarwal/">Ritesh Agarwal</a>, has emerged as a worldwide player within the hospitality and technology industry. The <a alt="OYO IPO" href="https://www.planify.in/article/oyo-withdraws-ipo-plans-seeks-private-funding-at-70-lower-valuation/" target="_blank">OYO IPO</a>, which the company recently withdrew, is a significant shift in its financial strategy. The company disrupted the traditional hotel enterprise with the aid of offering standardized and affordable resorts through its platform. OYO's business model includes partnering with hotels and property owners, accommodating and standardized rooms, and offering a continuing booking experience for travelers. Over the years, <a href="https://www.planify.in/research-report/oyo-share-price/">OYO,&nbsp;Oravel Stays Ltd</a> multiplied its footprint throughout countries, such as India, China, the USA, and Europe. Its growth trajectory became fueled by great investments from Softbank and other venture capital firms. However, like many startups, OYO confronted demanding situations associated with profitability, scalability, and regulatory compliance.​<h2>IPO Withdrawal and Refinancing</h2> OYO, the Indian budget hotel aggregator, has once again pulled back its initial public offering (IPO) application, drawing considerable interest from market analysts and investors. This is the second instance in almost three years that OYO has taken back its IPO documents, with the most recent retreat happening on May 17, according to filings with SEBI. OYO's initial attempt at going public was in 2021, and aims to reach a valuation of $12 billion.&nbsp;​Nevertheless, this effort experienced a setback as SEBI sent back the IPO application in January 2023, requesting further details and explanations. In response to the situation, OYO revised its IPO filing by suggesting a reduced IPO size, demonstrating a more careful strategy due to unstable market conditions.​OYO's recent decision to pull out stands out, happening at the same time as the IPO plans of other well-known Indian tech companies like Ola Electric, FirstCry, and Swiggy. This trend of companies choosing to go public in India shows the overall growth and dynamic challenges present in the Indian tech industry. The OYO IPO was eagerly awaited as a public offering of an Indian hospitality technology startup. Nevertheless, the company has recently pulled back its DRHP submission to SEBI and plans to resubmit it after undergoing refinancing. The initial public offering experienced numerous setbacks due to fluctuations in the market and regulatory hurdles. The OYO's financials are projected to see major shifts as a result of the refinancing. Therefore, in accordance with the current regulations, it is necessary to ensure that its filings are in line with the regulatory body. Since the refinancing decision was in its last phase, it was illogical to proceed with the IPO process given the current financials, the source further mentioned. <h2 style="text-align: justify">Reasons to Withdraw OYO IPO</h2> OYO, backed by Softbank, has withdrawn and postponed its IPO plan due to its primary focus on repaying its existing debts. This involves altering the contractual terms with creditors to secure improved repayment conditions for debts and interests. Therefore, OYO aims to attain improved financial sustainability, reduced interest expenses, and extended debt repayment timelines. It is anticipated that JP Morgan will lead the refinancing efforts with an expected interest rate range of 9 to 10% annually. The company’s chief executive Ritesh Agarwal stated that the action is necessary to show a stronger balance sheet, with the potential for a better valuation, when the OYO IPO is eventually relaunched. Market Volatility: The global economic conditions along with the uncertainties due to the COVID-19 pandemic also influenced OYO to reconsider its decision with regard to IPO. Market volatility and investor sentiment were key factors in this decision.

<h2>Funding and valuation</h2> OYO is in talks with a couple of potential investors for its fresh fundraising round. It is anticipated that this round is to come up with an estimated value of about $2.3 billion, a figure that marks a decline of more than 74% compared to $9 billion it had achieved during the funding round led by Microsoft in 2021. The funding round is still being finalized in terms of its details. OYO aims to bag about $70-80 million from this new round of funding it is tapping. This fundraising is spearheaded by InCred Wealth, a firm that works under the bracket of wealth management services targeting the Higher Net Worth Individuals (HNIs) at the forefront of this fundraising. They aim to gather a team of investors to back OYO's financial strategy. The main purpose of the capital raised in this round is to primarily refinance some of OYO's existing debt commitments. As of February, OYO's financial reserves amounted to between $200-250 million, a testament to the company's effective reduction in operational expenses. Initially, OYO had set out to raise $1.2 billion, equivalent to approximately Rs 8,430 crore, through its public offering. Later on, the company revised its plans by suggesting a smaller IPO filing, which was kept confidential and was 40-60% less than the initial amount. SoftBank holds a significant 46% ownership in OYO, while CEO Ritesh Agarwal owns a 33% stake in the company. Other key investors include Lightspeed and Peak XV Partners. Notably, SoftBank was designated as a promoter in OYO's initial IPO draft.​<h2>OYO Refinancing Plans: Timeline</h2> FY23: OYO posts an adjusted EBITDA of Rs 277 crore making the business operationally profitable. Q4 FY23: OYO becomes operationally profitable for Quarter ending with nearly Rs 90 crore of surplus cash flow. Q2 FY24: OYO achieves its maiden profitability with a net PAT of Rs. 16 crore. Q3 FY24: OYO has generated profit of Rs. 30 crore. FY24: In total, OYO has reported an adjusted EBITDA of around ~ Rs 888 crore, and an overall profitability of Rs. 99 Crores.​The company plans to raise up to $450 million by issuing dollar denominated bonds. Oravel Stays Ltd, the parent company of OYO, has already prepaid ₹1,620 crore of debt through a buyback process in November 2023 - i. e, Q3-FY24, where it repurchased 30% of its Term Loan B which is due in June 2026. This helps to lower the company’s outstanding loan balance and enhance the debt to equity ratio. The refinancing extended the repayment timeline to 5 years from the current Term Loan B maturity in 2026. Successful buyback that will help OYO to slash its annual interest expenses by Rs 225 crore, positively impacting the company’s bottom line. Financial Performance: OYO Recent Financial Developments In the town hall meeting, Agarwal told employees that OYO might receive interest from supportive investors for a slight equity round at a valuation of $3-4 billion, or at Rs 38-45 per share, in order to continue decreasing its debt. In FY24, OYO increased its global portfolio by around 5,000 hotels and 6,000 homes. Hotels averaged a Gross booking value (GBV) of about Rs 3.32 lakh ($4,000) per storefront each month. In the past five years, the company experienced a 29% rise in net losses from FY18 to FY23. However, in comparison to FY22, there has been a 40% decrease in losses in FY23. In FY24, the gross margins of the travel tech platform increased in FY23 to Rs 2,508 crore ($302 million) from Rs 2,350 crore ($283 million). Sources indicated that there was also an improvement in operating costs, with a decrease from 19% to 14% of GBV between FY23 and FY24. Agarwal stated that enhanced operational performance, consistent gross margins, cost efficiencies, and lowered interest costs due to a $195 million debt prepayment contributed to the profitability in Q3 FY24. In FY25, OYO’s aim is to increase both revenue and GBV, maintaining the upward trend in profit growth. OYO recently completed a debt repurchase worth $195 million (equivalent to Rs 1,620 crore). The buyback procedure consisted of purchasing back 30% of the Term Loan B that was outstanding and due in June 2026. CEO Ritesh Agarwal stated that the refinancing will provide the company with the necessary financial stability to weather market uncertainties and invest in growth opportunities. He emphasized that this move aligns with OYO's long-term strategic goals of profitability and sustainable expansion. The consequences of this decision are substantial. Investors view the withdrawal as a sign that OYO is dedicated to establishing a strong financial base before going public. It additionally indicates that the company is emphasizing long-term stability rather than immediate fundraising requirements. Market analysts believe that if a refinancing is successful, it could result in a better IPO scenario, which enhances investor confidence and the IPO's eventual success. <h2>Conclusion</h2> In the wider market context, OYO's decision shows a careful stance taken by tech companies dealing with unpredictable market conditions and strict regulatory oversight. The company's plan could be a model for other new businesses trying to manage the difficulties of becoming publicly traded in tough economic conditions. OYO's upcoming IPO has significant potential and has attracted close attention during its IPO journey. The company possesses an extensive range of portfolio, conducting business in more than 80 nations and forming alliances with over 157,000 hotels and homes. This worldwide presence highlights the importance of its initial public offering, opening possibilities for other Indian technology startups considering entering the stock market. OYO unlisted shares are currently being traded in the Pre-IPO market for ₹40 per share.​To sum up, OYO's strategic decisions, such as withdrawing the IPO application and refinancing, demonstrate its commitment to establish a strong market presence. While the company adjusts its finances, stakeholders anxiously anticipate the updated DRHP and OYO's upcoming actions as it moves closer to becoming a major player in the global hospitality industry.

OYO, officially known as Oravel Stays Limited, founded in 2013 by Ritesh Agarwal, has emerged as a worldwide player within the hospitality and technology industry. The OYO IPO, which the company recently withdrew, is a significant sin its financial strategy. The company disrupted the traditional hotel enterprise with the aid of offering standardized and affordable resorts through its platform. OYO's business model includes partnering with hotels and property owners, accommodating and standardized rooms, and offering a continuing booking experience for travelers.

OYO Withdraws IPO Plans Amid Refinancing Efforts

<span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Urban Tots is one of the companies that are at the helm of this revolution.<a alt=" Urban Tots," href="https://www.planify.in/research-report/urban-tots-deepak-houseware-and-toys/"> Urban Tots,</a> which falls under Deepak Houseware and Toys Pvt. Ltd. (DH&amp;T), has established itself as one of the key players in the Indian toy sector. DH&amp;T focuses on producing and selling various kinds of toys such as plastic toys, electronic toys, and role-play sets. Some of their impressive products in the market are plastic-made heavy toys like Mercedes and BMW bikes. Urban Tots is equipped with a dynamic production facility covering 36,000 square yards in Bhiwadi, Rajasthan with PLI scheme support from the Indian Government. <span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Urban Tots has a varied business model, manufacturing and selling a diverse range of toys through well-known retail outlets like Hamleys, FirstCry, DMart, and Reliance Retail, as well as online giants such as Flipkart and Amazon. They also take pride in their retail store, aptly named Urban Tots.&nbsp;<span style="font-size:12.499999999999998pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Currently, <a alt="Urban Tot’s share price" href="https://www.planify.in/research-report/urban-tots-deepak-houseware-and-toys/">Urban Tot’s Share Price</a> is <span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">&nbsp;₹100 per share. <span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">In January 2023, the BJP launched its election manifesto for 2024 which outlined a visionary intention for India’s toy manufacturing industry. It promises to convert India into a leading toy manufacturing country in the world with the aid of leveraging the country’s human resources and cultural diversity. This highly ambitious plan aims at creating quality toys that can be on par with the international markets and hence a major benefit to companies involved in toy manufacturing. <span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Financial Performance <span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Urban Tots has shown significant improvement in its financial performance. The company recorded a 67% increase in sales from the preceding ₹49 Cr in FY23 to ₹80 crore in FY24. This surprising increase is attributed to a sturdy book value, the acquisition of new customers, and the growth of the company’s product base. The net profit of Urban Tots also registered a growth of 138% from ₹4 Cr in FY23 to ₹10 Cr in FY24. The profit margin multiplied from 9% in FY23 to 12% in FY24 due to the efficient use of labor and fixed resources. <div class="se-component se-image-container __se__float- __se__float-center" contenteditable="false" style="width: 50%; min-width: 100%;"><figure style="margin: auto; width: 50%;"><img alt="" data-align="center" data-file-name="1jVBH_C9hQnH1rulu80U3tBlXjk6zq5k0I80XWbuhGDHNcdXNKgYJ6N4AScKTiRlNG267GxqRSKE5iNLXfVU9pTckrI6U7hNDFjOyVy2Nfj5drloXQCSocOPUWC-9KwEgdYDlKrVSV67rZb5TrXkzV8" data-file-size="0" data-index="0" data-origin="," data-percentage="50," data-proportion="true" data-rotate="" data-rotatex="" data-rotatey="" data-size="50%," height="556" origin-size="1000,690" src="https://lh7-us.googleusercontent.com/1jVBH_C9hQnH1rulu80U3tBlXjk6zq5k0I80XWbuhGDHNcdXNKgYJ6N4AScKTiRlNG267GxqRSKE5iNLXfVU9pTckrI6U7hNDFjOyVy2Nfj5drloXQCSocOPUWC-9KwEgdYDlKrVSV67rZb5TrXkzV8" style="margin-left: 0px; margin-top: 0px; width: 100%;" width="806"/></figure></div> This financial success is based on the fact that Urban Tots has got a strong retail and online footprint. It has distribution tie-ups with leading supermarkets and a significant online presence on websites such as Amazon and Flipkart to ensure that its products are easily available to a wide audience. <span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Face Off:&nbsp; Urban Tots Vs. Ok Play <span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Urban Tots and OK Play are both involved in the toy manufacturing business. In this face, we compare urban tots with Ok Play, a listed brand as an Indian toy manufacturer in plastic-modeled toys.&nbsp; <span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">By FY24, Ok Play India Limited saw an impressive 711% increase in its stock price, jumping from ₹2.67 to ₹21.64 in just 1.5 years, mainly due to the benefits of the PLI scheme. By FY25, Urban Tots is poised to be the largest toy manufacturer in India, thanks to potential gains from the PLI scheme and Order Book. <span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">With Urban Tots' current valuation at ₹555 Cr and a forward PE ratio of 19x, it appears to be undervalued when compared to the sector's forward PE ratio of 73x and its competitor, Ok Play India Limited, with a forward PE ratio of 258x for FY25. This presents Urban Tots as an attractive investment opportunity. <div class="se-component se-image-container __se__float- __se__float-center" contenteditable="false" style="width: 50%; min-width: 100%;"><figure style="margin: auto; width: 50%;"><img alt="" data-align="center" data-file-name="yJ-gNuL8bUqgOZzToRPeOb3cek4YU8qFiV22JBvGrc17UvCG2plsMk2PIPNgn3m1_ovg-VyG5gtzWqnhmR_yJ6hJWKdapQdar66q5Q5nSFTZXjGYxJhGDMB8dNNeaF3SVZC9b_XkdK8bteMNl_jg3JE" data-file-size="0" data-index="1" data-origin="," data-percentage="50," data-proportion="true" data-rotate="" data-rotatex="" data-rotatey="" data-size="50%," height="521" origin-size="895,487" src="https://lh7-us.googleusercontent.com/yJ-gNuL8bUqgOZzToRPeOb3cek4YU8qFiV22JBvGrc17UvCG2plsMk2PIPNgn3m1_ovg-VyG5gtzWqnhmR_yJ6hJWKdapQdar66q5Q5nSFTZXjGYxJhGDMB8dNNeaF3SVZC9b_XkdK8bteMNl_jg3JE" style="margin-left: 0px; margin-top: 0px; width: 100%;" width="895"/></figure></div> Future Expansion and Strategic Partnerships <span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Other government initiatives such as subsidies under the DIC scheme and the PLI scheme also continue to support Urban Tots’s growth. The future perspectives of the company include retail development and marketing strategy. These efforts make Urban Tots a viable investment company with expected high turnovers and an upcoming IPO in the next 5 years. <span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Urban Tots entered into a distinctive MOU with IOC in January 2023. As per this arrangement, Urban Tots will open toy shops as well as kiosks at IOC retail stores in India. This strategic move effectively utilizes IOC’s distribution channels to access customers, especially those in tier 2 and tier 3 cities, which helps improve Urban Tots’ market coverage. <span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">A Promising Investment Opportunity <span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">The<span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;"> <a alt="Urban Tots share Price " href="https://www.planify.in/buy-pre-ipo/">Urban Tots Share Price </a>is approximately ₹100 per share today<span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">, which is relatively high due to its strong financial performance and potential for growth. The Indian toy industry is expected to grow strongly due to favorable regulations and increasing demand, and Urban Tots is a viable investment option. Currently, Urban Tots shares are available in the pre-IPO market. Potential investors might be interested in Urban Tots due to its more advanced market position and the growth potential of the toy sector.​<span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">&nbsp;<span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Conclusion <span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">During the same period, Urban Tots attained a 9% net profit margin and a bottom line of ₹4.2 Cr. One of its main rivals, Ok Play India Ltd, trades on the domestic stock exchange (NSE) in Q3 FY24 at a TTM PE ratio of 131x and has a TTM net profit of ₹3.2 Cr. <span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Investors looking to enter the successful toy industry in India could consider Urban Tots as a lucrative investment option due to its established performance and well-thought-out expansion strategies. Investors seeking detailed analysis of Urban Tots' stock price, industry data, and unlisted share investment should explore the informative research report -&nbsp; <span style="font-size:12pt;font-family:Arial,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Urban Tots ​

Urban Tots is one of the companies that are at the helm of this revolution. Urban Tots, which falls under Deepak Houseware and Toys Pvt. Ltd. (DH&T), has established itself as one of the key players in the Indian toy sector. DH&T focuses on producing and selling various kinds of toys such as plastic toys, electronic toys, and role-play sets. Some of their impressive products in the market are plastic-made heavy toys like Mercedes and BMW bikes. Urban Tots is equipped with a dynamic production facility covering 36,000 square yards in Bhiwadi, Rajasthan with PLI scheme support from the Indian Government.

Urban Tots: Shaping the Future of India’s Toy Industry

​<a target="_blank" href="https://www.planify.in/">Planify</a>&nbsp;is again proud to announce a series of innovative updates aimed at enhancing the experiences of investors and founders on our platform. These new features bring simplicity and efficiency to your financial journey, offering advanced tools for market analysis, investment management, and seamless transactions. Discover how Planify's latest offerings can transform your approach to investing. <h2>&nbsp;1. Investor Profile&nbsp;</h2> Feature Overview Feature Name: Investor Profile Release Date: 15th May Version: 1.0 Platform: Website<h3>Impact :&nbsp;External Stakeholders</h3>Investors: A tool for monitoring how angel investors allocate their investments, providing insights into their portfolios and investment strategies. Description Purpose: The Investor Profile feature is designed to allow users to view the investment patterns of angel investors. It provides detailed information on the stocks and other assets that angel investors are investing in, essentially giving users a glimpse into their portfolios. This feature helps investors understand market trends and strategies used by successful investors, aiding them in making more informed investment decisions. <h2>2. OTP Less Integration</h2> Feature Overview Feature Name: OTP Less Integration Release Date: 8th May Version: 1.0 Platform: Website Impact :&nbsp;External Stakeholders Investors: Enhanced user experience with improved OTP delivery Description Purpose: The OTP Less Integration feature has been implemented on both the website and app. Users now receive OTPs on both platforms, ensuring a seamless and secure authentication process. This integration enhances the user experience by providing a more reliable and efficient method for receiving OTPs. <h2>3.&nbsp; Investor Return Page</h2> Feature Overview <h3>​Feature Name: Investor Return Page</h3> Release Date: 8th May Version: 1.0 Platform: Website and App Impact :&nbsp;External Stakeholders Investors: A tool for potential investors to explore and evaluate returns on investments in unlisted markets<h3>Description</h3>Purpose: The Investor Return Page allows potential investors to explore returns across 31 shares in unlisted markets. It provides a comprehensive overview by factoring in both listed and unlisted stocks, showcasing investment growth over time, entry and exit points of potential investments, and annual returns. <h2>4.&nbsp;Global&nbsp; Scroll Bar</h2> Feature Overview Feature Name: Global Scroll Bar Release Date: 15th May Version: 1.0 Platform: Website<h3>Impact :&nbsp;External Stakeholders</h3>Investors and Team: Enhances navigation and user experience for both investors and the internal team.<h3>Description</h3>Purpose: The Global Scroll Bar feature has been added throughout the website to improve user experience. This ensures that users, including investors, can easily recognize when there is more content available on the page. The scroll bar helps prevent users from missing important information, thereby enhancing overall navigation and usability of the website. 5. Contact Form Feature Overview Feature Name: Contact Form Release Date: 15th May Version: 1.0 Platform: Website Impact :&nbsp;External Stakeholders Investors: Improved means of inquiry for potential and current investors. Description Purpose: The Contact Form feature has been updated on the product pages to enhance the communication process for investors. This update ensures that investors have an efficient and streamlined way to reach out for inquiries, support, and additional information regarding products. The improved contact form facilitates better engagement and responsiveness, contributing to a more user-friendly experience. 6.&nbsp; YouTube Video Backup Page&nbsp; Feature Overview Feature Name: Youtube Video Backup Page Release Date: 8th May Version: 1.0 Platform: Website <h3>Impact :&nbsp;External Stakeholders</h3> Investors: Investors can see videos related to startups now after buying the subscription. Description Purpose: Now, videos related to startups aren't available on YouTube but rather on our platform, and the investor will have to buy the subscription to view those videos.

Planify is again proud to announce a series of innovative updates aimed at enhancing the experiences of investors and founders on our platform. These new features bring simplicity and efficiency to your financial journey, offering advanced tools for market analysis, investment management, and seamless transactions. Discover how Planify's latest offerings can transform your approach to investing.

What's New at Planify: May Fortnight 2024

​<a target="_blank" href="https://www.planify.in/research-report/indian-crown/">Indian Crown</a> specializes in an extensive array of products, including handbags, laptop bags, and diverse travel bags. With a 7,000 sq. ft. manufacturing facility capable of producing 20K handbags and 50K backpacks, the company serves a prestigious B2B clientele such as Lino Perris, COBS, Swiss Military, and Borosil, alongside its B2C operations. Presently, Indian Crown has 30 SKUs ready with an additional 20 in the pipeline.

Indian Crown: Factory Expansion & Product Catalogue

​​
 
 ​
 
 
 
 Oyo, a hospitality company, has withdrawn its draft IPO papers for the second time, originally filed in March 2023. The company is now in discussions with investors for a new funding round at a potential valuation as low as US$2.3 bn, a significant decline of over 74% from its peak valuation of US$9 bn during a 2021 funding round with Microsoft, according to multiple sources. SoftBank, Oyo's largest investor, had already lowered the company's valuation to US$2.7 bn in 2022 from an earlier US$3.4 bn, though these figures were not publicly disclosed. Oyo's initial IPO application in 2021 was returned by the stock market regulator in January 2023, prompting a revised filing for a considerably smaller IPO. The company had originally planned a US$1.2 bn (around Rs. 8430 cr.) issue, but the revised confidential filing proposed an IPO that was 40-60% smaller. The firm intends to refile for an IPO after refinancing plans (US$350-450 mn), aiming to raise through a bond issuance at an interest rate of 9-10% per annum.

Oyo Withdraws IPO Plans, Seeks Private Funding at 70% Lower Valuation

Indian Crown manufactures a range of products, ranging from handbags to laptop bags to all kinds of travel bags. The company operates via a B2B/D2C business model. Indian Crown employs a hybrid distribution model, catering to both B2B and D2C&nbsp;segments. Their customer base includes some major industry giants such as Lino Perris, COBS,&nbsp;Swiss Military, Borosil, Flipkart, Myntra, etc. The company strategically positions itself in the mass-to-mass premium range, aiming to serve a large customer base without compromising&nbsp;on&nbsp;quality.

Indian Crown: Investor Update

​A Notice is hereby given that the Extraordinary General Meeting of the Members of <a target="_blank" href="https://www.planify.in/research-report/rrp-s4e-innovation/">RRP S4E Innovation</a> Private Limited will be&nbsp;held on May 29, 2024 (09:00 a.m.).​ To transact the Special business (ES) regarding the Preferential Issue of 70,00,000 Equity Shares by way of swap of shares (Consideration Other&nbsp;Than Cash) for an acquisition of a 100% stake of RRP Drones Innovation Private Limited (CIN: U26515MH2024PTC420271).&nbsp; Objects of the Acquisition:<ul><li>The company was not able to reach remarkable business growth because of a proper business growth plan. The Board&nbsp;decided to take M/s. RRP Drones Innovation Private Limited whose business activities more or less similar to the existing&nbsp;business activities of the Company.</li><li>Also, this proposed allotment will help the company to improve its debt-equity ratio and compliance with the&nbsp;Companies Act, 2013. By this conversion and issue of new shares, the wealth of the Shareholders and other stakeholders&nbsp;will increase.</li></ul>The Board of Directors of the Company in their meeting held on 16-05-2024 approved the raising of funds aggregating up to Rs.&nbsp;175,00,00,000/- (Rupees One Hundred Seventy-Five Crore only) by way of issuance of up to 70,00,000 equity shares of Rs. 10/&nbsp;price of Rs. 250/-per Equity Share by way of swap of shares to the above said proposed allottees of the&nbsp;Company, by way of a preferential issue through private placement offer, that has agreed&nbsp;to subscribe to the proposed preferential issue.

NOTICE is hereby given that the Extraordinary General Meeting of the Members of RRP S4E Innovation Private Limited will be  held on May 29, 2024

Extraordinary General Meeting of the Members of RRP S4E Innovation

Tata Motors, India's third-largest carmaker by volume, is embarking on a strategic restructuring to streamline its operations and reduce its substantial debt. The company plans to spin off its vehicle financing subsidiaries currently housed under <a alt="Tata Motors Finance Ltd" class="on" href="https://www.planify.in/planify-news/tata-motors-to-restructure-nbfc-arms-with-tata-capital-for-streamlined-operations/">Tata Motors Finance Ltd</a> (TMFL) and merge them with Tata Capital, the flagship financial services company of the Tata conglomerate. This significant restructuring is not only aimed at enhancing the efficiency of financial services but also at preparing Tata Capital for its much-anticipated initial public offering (IPO) in 2024-25.&nbsp; The Spin-Off and Merger:&nbsp; Tata Motors is separating its vehicle financing arm, Tata Motors Finance Limited, and merging it with Tata Capital. This strategic move is aimed at streamlining operations and reducing Tata Motors' debt burden. The deal structure involves a share-swap agreement where Tata Sons, the group holding company, will offer shares of Tata Capital to Tata Motors, granting the carmaker a minority stake in Tata Capital.&nbsp; The valuation at which the shares will be issued is estimated to be between Rs 15,000-20,000 crore, which translates to approximately 2.6-3.5 times the FY23 book value of Tata Motors Finance Ltd, pegged at Rs 5,625 crore. This valuation is considered to be at a significant premium compared to the value ascribed by equity analysts at Tata Motors.&nbsp; The merger is part of Tata Capital's broader strategy to consolidate the financial services portfolio of the Tata Group under a single entity ahead of its planned IPO in 2024-25. For Tata Motors, this transaction will not only help in deleveraging its balance sheet but also provide an opportunity to unlock value during Tata Capital's listing, potentially leading to a significant upside.&nbsp; Let’s talk about the purpose and benefits of the merger:&nbsp; ​Operational Streamlining: Tata Motors wants to focus on its core business—building cars and trucks. Tata Motors aims to simplify its corporate structure and create a more efficient financial services entity by merging TMFL with Tata Capital. This consolidation is expected to lead to better resource allocation, cost efficiencies, and improved customer service.&nbsp; Debt Reduction: Tata Motors has been proactive in addressing its net automotive debt burden, with debt reaching ₹14,191 crore in FY24. The company has made strides in reducing its net automotive debt to ₹16,000 crore, down from a total debt of ₹43,700 crore at the end of FY23. The strategic decision to separate the finance arms and merge them with Tata Capital is expected to further reduce leverage and strengthen the balance sheet.&nbsp; Value Creation: The merger aligns with Tata Capital's goal of presenting a unified and streamlined financial services portfolio to investors during its planned IPO in 2024-25. Post-merger, Tata Motors will retain shares in Tata Capital, allowing it to monetize these shares during the IPO, potentially unlocking significant value.&nbsp;

Tata Capital Financial Performance&nbsp; Tata capital limited released its financials for Q3 FY24. The company reported a growth of 46% in its revenue from ₹3,349 Cr in Q3 FY23 to ₹4,889 Cr in Q3 FY24. The net profit of the company grew by 78% from ₹574 Cr in Q3 FY23 to ₹1,022 Cr in Q3 FY24. The net worth of the company has shown a growth of 55% increasing from ₹14,771 Cr in Q3 FY23 to ₹22,830 Cr in Q3 FY24. The Debt to equity ratio of the company has decreased by 13% from 6.8 in Q3 FY23 to 5.9 in Q3 FY24.&nbsp; <div class="se-component se-image-container __se__float- __se__float-center" contenteditable="false" style="width: 75%; min-width: 100%;"><figure style="margin: auto; width: 75%;"><img alt="" data-align="center" data-file-name="p56fpdmQh8K1YDQ9oUHoP1eh3f34tUoa5IZBXrNMoofr3kp8NYSF2lpRf5AJyualn41cM07ef_pQnWBGGjS_PcsNY1ZI9Z8ujEWr_YlKxHAeeo2W49tmaGzwOcWLD97wcKUEMejSBYTQCLYKASKSeag" data-file-size="0" data-index="0" data-origin="," data-percentage="75," data-proportion="true" data-rotate="" data-rotatex="" data-rotatey="" data-size="75%," height="444" origin-size="1600,900" src="https://lh7-us.googleusercontent.com/p56fpdmQh8K1YDQ9oUHoP1eh3f34tUoa5IZBXrNMoofr3kp8NYSF2lpRf5AJyualn41cM07ef_pQnWBGGjS_PcsNY1ZI9Z8ujEWr_YlKxHAeeo2W49tmaGzwOcWLD97wcKUEMejSBYTQCLYKASKSeag" style="margin-left: 0px; margin-top: 0px; width: 100%;" width="790"/></figure></div> 
 ​Tata Capital IPO: Anticipation and Market Impact&nbsp; The upcoming Tata Capital IPO has generated substantial interest among investors and market analysts. The IPO is expected to offer a lucrative investment opportunity, given Tata Capital's enhanced market position and operational strength post-merger. While the <a alt="Tata Capital IPO Price" href="https://www.planify.in/research-report/tata-capital/">Tata Capital IPO Price</a> is yet to be announced, market experts anticipate a strong valuation. The consolidation with TMFL is likely to bolster investor confidence, positioning Tata Capital as a formidable player in the financial services sector.&nbsp; ​ The merger is poised to impact both Tata Motors and Tata Capital's financial performance significantly. Understanding the rationale behind this strategic move and assessing its effect on growth prospects and financial health is crucial for potential investors. The merger could lead to enhanced synergies, better market perception, and a potential increase in Tata Capital's share price.&nbsp; Impact on Tata Capital Share Price The merger could positively impact Tata Capital's Share Price due to the following factors:&nbsp; 1. Enhanced Synergies: Consolidating financial services operations can create synergies, and potentially boost profitability.&nbsp; 2. Unlocking Value: As Tata Motors monetizes its shares, it could lead to increased demand for Tata Capital stock.&nbsp; <span style="font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">The face value of each Tata Capital share is ₹ 10. <a alt="Tata Capital Share Price" class="on" href="https://www.planify.in/research-report/tata-capital/">Tata Capital Share Price</a><span style="font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;"> is ₹ 1,010/share. The price band for the IPO has not been disclosed yet.
 An official announcement about the merger is expected soon. Investors should closely watch this development as it could impact both Tata Motors and Tata Capital's financial performance. Understanding the rationale behind this merger is crucial for investors. Assessing its effect on growth prospects and financial health is essential. As the Tata capital IPO approaches, investors should stay informed and evaluate the impact on their investment decisions.&nbsp; In summary, the merger aims to optimize operations, reduce debt, and unlock value for both Tata Motors and Tata Capital. Investors should closely monitor further announcements and evaluate the impact on their investment decisions.&nbsp;

Tata Motors, India's third-largest carmaker by volume, is embarking on a strategic restructuring to streamline its operations and reduce its substantial debt. The company plans to spin off its vehicle financing subsidiaries currently housed under Tata Motors Finance Ltd (TMFL) and merge them with Tata Capital, the flagship financial services company of the Tata conglomerate. This  significant restructuring  is not only aimed at enhancing the efficiency of financial services but also at preparing Tata Capital for its much-anticipated initial public offering (IPO) in 2024-25.

Tata Motors to Spin Off NBFC and Merge with Tata Capital for Streamlined Operations

Medi Assist released its financials for Q4 FY24. the revenue of the company increased by 22.6% year-on-year (y-o-y) from Rs 136 Cr inQ4 FY23 to Rs 167 Cr in Q4 FY24. The operating margins slightly declined by 0.4% from 22.6% in Q4 FY23 to 22.2% Q4 FY24 and the net profit of the company increased by 50.5% from Rs 17 Cr. to Rs 26 Cr. The y-o-y results are outstanding as the Revenue has been increasing consistently at a CAGR of 21.4% and Net Income for the company increased by 50.5% to Rs 26 Cr.&nbsp;

Medi Assist Healthcare Services consolidated net profit rises 58.26% in the March 2024 quarter

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