OYO IPO: Alert OYO Initial Public Offering

 After Zomato and Paytm, now OYO has lined up to go public during this period of market euphoria.



OYO IPO

OYO was founded in 2013 by the founded and CEO Ritesh Agarwal. Ritesh has been a traveling enthusiast, and this made him to use several hotels during his Journey. But he was not particularly satisfied with the hotel options he was using. And these problems gave him a business idea, which made him to start the OYO venture. 

Franchisee-based Model 

 Under this model, the entire hotel gets revamped by the OYO team and all the basic functioning are according to what OYO wants. In 2019, OYO became world's largest Hotel chain by having about 8.5 Lakh rooms worldwide. 


Of the total money being planned to be raised which is around 8400 crores rupees. Almost 2440 crores rupee would be used to reduce its overseas subsidiaries debt obligations.

Are you Planning to apply in OYO's IPO..?? 

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