Friday, 24 March, 2023

OYO revives IPO; submits fresh documents to SEBI as it finds room for growth

<p>Hospitality and travel-tech firm OYO recently filed an addendum to its earlier draft red herring prospectus given to the SEBI for its IPO. With this, the general public received new information about the company&rsquo;s finances. According to sources, a major cut-down on EBITDA losses (from 33.2% in 2021 to 79% reduction in 2022) and increase in revenue (by 21%, from FY21 to fiscal 22) have resulted in the company&rsquo;s eventual entry into the Stock Market.<br /> &nbsp;</p>