IPO-bound Oyo to consider 1:1 bonus share issue at upcoming AGM; details here
22 September 2025
Oravel Stays Limited, which operates OYO Rooms, said its board will consider a 1:1 bonus share issue at its 14th Annual General Meeting (AGM) on Friday, September 26.
After shareholders' approval, the company will issue fully paid-up equity shares of face value ₹1 each to eligible shareholders in the ratio of 1:1 held as of the record date, Tuesday, September 30, 2025.
OYO said the notice of the AGM, along with the annual report 2024-25, is being sent to all eligible shareholders whose names appear in the register of members or the list of beneficial owners as on Friday, August 29, 2025. The Company has fixed Friday, September 19, 2025, as the cut-off date for voting at the AGM.
"The equity shares proposed to be issued and allotted as bonus shares shall be subject to the provisions of the memorandum and articles of association of the company and shall rank pari passu in all respects with and carry the same rights as the existing fully paid equity shares of the company," said OYO.
OYO IPO update
According to sources, OYO plans to file its Draft Red Herring Prospectus (DRHP) in November, eyeing a USD 7-8 billion valuation for its IPO.
According to sources, discussions with key banking partners have ramped up in recent weeks, with valuation guidance now pegged at USD 7-8 billion ( around ₹70 per share), potentially in the range of 25-30 times the EBITDA.
"The filing with regulators is being considered for November. Over the past few months, SoftBank has engaged with banks such as Axis, Citi, Goldman Sachs, ICICI, JM Financial, and Jefferies in London to assess market sentiment. After assessing market feedback, they are now confident in their decision. The board will be approached next week as the company firms up the details and finalises key strategic elements," PTI reported, quoting one person aware of the developments.
Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
Oravel Stays Limited, which operates OYO Rooms, said its board will consider a 1:1 bonus share issue at its 14th Annual General Meeting (AGM) on Friday, September 26. After shareholders' approval, the company will issue fully paid-up equity shares of face value ₹1 each to eligible shareholders in the ratio of 1:1 held as of the record date, Tuesday, September 30, 2025. OYO said the notice of the AGM, along with the annual report 2024-25, is being sent to all eligible shareholders whose names appear in the register of members or the list of beneficial owners as on Friday, August 29, 2025. The Company has fixed Friday, September 19, 2025, as the cut-off date for voting at the AGM. "The equity shares proposed to be issued and allotted as bonus shares shall be subject to the provisions of the memorandum and articles of association of the company and shall rank pari passu in all respects with and carry the same rights as the existing fully paid equity shares of the company," said OYO. OYO IPO update According to sources, OYO plans to file its Draft Red Herring Prospectus (DRHP) in November, eyeing a USD 7-8 billion valuation for its IPO. According to sources, discussions with key banking partners have ramped up in recent weeks, with valuation guidance now pegged at USD 7-8 billion ( around ₹70 per share), potentially in the range of 25-30 times the EBITDA. "The filing with regulators is being considered for November. Over the past few months, SoftBank has engaged with banks such as Axis, Citi, Goldman Sachs, ICICI, JM Financial, and Jefferies in London to assess market sentiment. After assessing market feedback, they are now confident in their decision. The board will be approached next week as the company firms up the details and finalises key strategic elements," PTI reported, quoting one person aware of the developments. Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
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