SEBI clears OYO's ₹6,650 cr IPO at $7-8 bn valuation in third listing attempt
SEBI greenlit five IPOs totaling ₹9,900 crore, headlined by OYO parent Oravel Stays targeting a $7-8 billion valuation. The hospitality unicorn's third listing bid is backed by SoftBank, with Truhome Finance (₹3,000 cr) and Veegaland Developers (₹250 cr) also cleared.
SEBI cleared five IPOs totaling ₹9,900 crore, including OYO parent Oravel Stays' third listing attempt at ₹6,650 crore targeting $7-8 billion valuation, plus Advanta Enterprises, Truhome Finance, Mehta Hitech and Veegaland Developers.