The company`s adjusted EBITDA for Q2 grew eight times from Rs 7 crore in Q1 of Rs 56 crore. The sharp uptick in EBIDTA wasn`t enough to make the company profitable at a net level. It increased by 69 per cent year on year to Rs 3.48 lakh.The total GBV itself grew 33 per cent to Rs 5,028 crore in H1 2022-23.
The offering will consist of a fresh issue of shares of up to 70 billion rupees ($942.8 million) and an offer for sale of as much as 14.30 billion rupees. Oyo is the latest among a clutch of tech-focused companies to tap a booming Indian IPO market. According to Oyo`s draft herring prospectus, the offer for sale comprises equity shares aggregating up to 13.29 billion rupees by SVF India Holdings.
The company intends to list its equity shares on one or more stock exchanges to enable shareholders with a formal marketplace for dealing with equity shares. Last week, the board of Oravel Stays Private Limited had approved an increase in the authorised share capital of the company from Rs 1.17 crore to Rs 901 crore. OYO is likely to file its draft red herring prospectus (DRHP) with Sebi in the next couple of months, according to sources.