Oyo to refile DRHP with Sebi in February | Mint
24 October 2024
Hotel booking company Oyo, operated by Oravel Stays Ltd., on Wednesday said it will refile draft papers for its initial public offering (IPO) by middle the middle of February with the Securities and Exchange Board of India (Sebi).
In December, the market regulator had asked the firm to refile its draft red herring prospectus (DRHP) with applicable updates or revisions.
The move had delayed the Softbank-backed company’s target of an early 2023 listing. Oyo had initially filed its DRHP with Sebi in September 2021 for a ₹8,430 crore issue.
Hotel booking company Oyo, operated by Oravel Stays Ltd., on Wednesday said it will refile draft papers for its initial public offering (IPO) by middle the middle of February with the Securities and Exchange Board of India (Sebi). In December, the market regulator had asked the firm to refile its draft red herring prospectus (DRHP) with applicable updates or revisions. The move had delayed the Softbank-backed company’s target of an early 2023 listing. Oyo had initially filed its DRHP with Sebi in September 2021 for a ₹8,430 crore issue.
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