SEBI clears OYO parent Oravel Stays IPO, ending years of listing delays
Markets regulator SEBI has greenlit the long-pending IPO of OYO's parent Oravel Stays, alongside four other companies, based on its draft red herring prospectus. The approval clears a key hurdle for the hospitality chain's public market debut after multiple aborted attempts.
SEBI has approved the IPO of OYO's parent Oravel Stays along with four other companies, clearing the path for the hospitality chain's long-pending public listing based on its draft red herring prospectus.