Oyo secures plate kinks to a file for IPO with stronger financial prospects: Sources

Hospitality chain Oyo has obtained the approval of the board of directors to pursue a new application (IPO) application (IPO), according to people who are familiar with the issue.

The sources mentioned above indicated that the submission will emphasize the financial performance and operational improvements of the company.

In addition to founder and CEO Ritesh Agarwal, the board of Oyo has former Starbucks Coo Troy Alstead; W Steve Albrecht, former president of the American Accounting Association and Consultant at organizations such as the United Nations and FBI; Former Indigo co-founder Aditya Ghosh; Softbank Managing Partner Sumer Juneja and Bejul Somaia from Lightspeed Venture Partners.

In the 2025 financial year, the company reached approximately RS 1,100 Crore in EBITDA. Sources said that senior bankers are reportedly optimistic about the improved long -term prospects of the company.

Oyo refused to comment on the details of the IPO plans and only stated that the company “continues to evaluate a series of strategic options to stimulate value for its stakeholders.”

As per people familiar with the matter, discussions the company had with banking partners and institutional investors have placed oyo’s potential valuation in the $ 7–8 billion range, or roughly rs 70 per share, translating to about 25-30 oytda.et FeBitda A Meeting With Key Shareholder Softbank That Couldermine the Hospitality Company’s Way Forward for a Renewed Attempt at A Public Listing.The Banks Included Goldman Sachs, Citi and Jefferies alongside Axis Capital, said people.

In an e -mail to the senior leadership of Oyo in March, Ritesh Agarwal said that he is looking ahead, the company expects a profit after tax on RS 1,100 crore in the financial year 2026, and an EBITDA of RS 2,000 Crore. He attributed the success to the performance of the company in ‘core markets’ such as India and the US, together with ‘important’ contributions of emerging markets in Southeast Asia and the Central East.