Oyo parent Oravel to earmark 75% of ₹6,650cr IPO proceeds for debt repayment
Oravel Stays has filed updated draft IPO papers to raise ₹6,650 crore, with three-fourths of proceeds directed toward repaying or prepaying outstanding borrowings, per fresh filings with India's markets regulator.
Oyo parent Oravel Stays filed updated draft IPO papers to raise ₹6,650 crore, with three-fourths of proceeds earmarked to repay or prepay outstanding borrowings, per filings with India's markets regulator.
Why this matters
Continues Oyo parent's repeated IPO push, with earlier filings seeking the same ₹6,650 crore at a $7-8 billion valuation amid stacked legal risks. This filing clarifies debt repayment as the dominant use of proceeds.
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