Ritesh Aggarwal-led OYO will issue fresh shares worth INR 7,000 Cr
As per the documents seen by Inc42, the offer will consist of shareholders offloading shares worth INR 1,430
The startup and its stakeholders may, in consultation with lead managers, consider a further issue of equity shares “Pre-IPO placement” for cash consideration aggregating up to $193 Mn
Gurugram-based hospitality unicorn Oravel Stays which operates OYO will be raising INR 8430 Cr ($1.2 Bn) through an initial public offering.
According to documents seen by Inc42, the IPO offer will consist of a primary component which will include an issue of fresh shares worth INR 7,000 Cr and an offer-for-sale, meaning allowing existing investors to offload their shares, amounting to INR 1,430 Cr.