Drashti Chheda, Author at KuberGrow

Drashti Chheda
June 7, 2025
1 Comment

Bright Ambitions: Vikram Solar’s ₹1,500 Cr IPO Puts the Spotlight on India’s Clean Energy Future

IPO Buzz & a 30% Sprint: HDB Financial Services Takes the Spotlight

IPO Buzz & a 30% Sprint: HDB Financial Services Takes the Spotlight

NSE’s Unlisted Shares Surge 60%—Still a Bargain, Say Analysts

OYO, the travel tech unicorn that reshaped budget hospitality in India and beyond, is gearing up for its long-awaited IPO. The company is reportedly preparing to file its Draft Red Herring Prospectus (DRHP) this November, with ambitions of securing a $7–8 billion valuation. This marks a pivotal moment for the Ritesh Agarwal-led firm, which has been flirting with public listing plans for years but often delayed due to market conditions and internal restructuring. Backed heavily by SoftBank, OYO has now received positive signals from investment banks including Goldman Sachs, Axis Capital, Citi, ICICI Securities, JM Financial, and Jefferies. The message is clear: markets may finally be ready to welcome OYO. The timing couldn’t be more favorable. The hospitality sector has rebounded with gusto, buoyed by an insatiable post-pandemic demand for travel. OYO has been quick to capture this resurgence, tightening its operations, improving cash flows, and reporting healthier earnings in Q1. Analysts suggest that these stronger fundamentals could be the confidence boost investors need to buy into the IPO story. But this filing won’t just be about the numbers. Earlier this year, Agarwal hinted at a possible rebrand for OYO’s parent entity, Oravel Stays Limited. He even crowdsourced ideas for a new name, signaling an appetite for a refreshed identity that could debut alongside the DRHP. At the same time, OYO is exploring a premium hotel-focused app to complement its budget segment stronghold, widening its reach in an increasingly competitive travel-tech landscape. Valuation targets are equally ambitious. A $7–8 billion IPO implies pricing around ₹70 per share, translating to roughly 25–30x EBITDA. For a company once written off as a hyper-growth story with sustainability issues, this marks a bold statement of intent. Years of cost-cutting, portfolio optimization, and a sharper focus on profitable markets appear to have brought OYO closer to a more stable, scalable model. Of course, challenges remain. The global IPO environment is still patchy, and investors will be cautious about startups promising scale without profits. Yet OYO has one key advantage: the hospitality revival isn’t slowing down anytime soon. From quick weekend getaways to business travel, the demand curve is firmly in its favor. If the DRHP goes through in November, it could trigger one of the most-watched listings in India’s startup ecosystem. The narrative is compelling: a young founder, a global presence spanning 80+ countries, and a company that has survived crises to position itself for a blockbuster listing. OYO to File DRHP in November, Targets $7–8 Billion IPO Valuation

Oyo’s Identity Upgrade: A Luxe Makeover Before Hitting the Bourse

Oyo, the hospitality giant known for budget-friendly stays, is ready to change not just how the world books hotels but also how it sees the company itself. As part of its strategic pivot ahead of a planned IPO in the last quarter of the current fiscal year, the company is set to rename its parent […]

Oyo’s Third Time Charm: IPO Dreams Rekindled with Billion-Dollar Ambitions

In the ever-turbulent world of startups, few stories have oscillated between spectacular ambition and nail-biting suspense quite like Oyo’s. And now, the hospitality unicorn is back in the headlines, dusting off its IPO playbook for a third go—with bigger dreams and tighter suits. According to sources close to the matter, Oravel Stays, the parent company […]

NSDL’s Profit Climbs as IPO Nears — Dividend, Expansion, and a Leaner Public Debut

As it gears up for its much-anticipated stock market debut, the National Securities Depository Limited (NSDL) is wrapping up its financial year on a high note. The depository giant has reported a 4.77% year-on-year rise in consolidated net profit for the March quarter of FY25, clocking in at ₹83.3 crore — a modest but reassuring […]

SEBI Hints at Green Light for NSE IPO as Roadblocks Near Resolution

After nearly a decade of waiting, India’s largest stock exchange might finally be gearing up for its long-anticipated public debut. In a recent statement on May 22, SEBI Chairman Tuhin Kanta Pandey confirmed that the regulatory body is close to resolving the key issues holding up the NSE IPO, raising hopes that the listing may […]

NSDL’s IPO Gets a Trim — Big Names Cash Out, But No Fresh Shares in Sight

National Securities Depository Limited (NSDL), one of India’s leading market infrastructure institutions, is finally inching closer to its public debut—but with a slimmer offering than initially expected. The company has filed an updated prospectus with the Securities and Exchange Board of India (SEBI), revealing a reduced issue size of five crore equity shares. This is […]

Author: Drashti Chheda

Bright Ambitions: Vikram Solar’s ₹1,500 Cr IPO Puts the Spotlight on India’s Clean Energy Future

IPO Buzz & a 30% Sprint: HDB Financial Services Takes the Spotlight

NSE’s Unlisted Shares Surge 60%—Still a Bargain, Say Analysts

Oyo’s Identity Upgrade: A Luxe Makeover Before Hitting the Bourse

Oyo’s Third Time Charm: IPO Dreams Rekindled with Billion-Dollar Ambitions

NSDL’s Profit Climbs as IPO Nears — Dividend, Expansion, and a Leaner Public Debut

SEBI Hints at Green Light for NSE IPO as Roadblocks Near Resolution

NSDL’s IPO Gets a Trim — Big Names Cash Out, But No Fresh Shares in Sight

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