The hotel company OYO Rooms has filed a draft red herring prospectus (DRHP) with the capital market regulator SEBI to increase Rs 8,430 crore by launching an initial public offering (IPO).
Here are the key things to know about this list:
The initial public offering (IPO) includes a new issue of shares totaling up to Rs 7,000 crore, according to a copy of its draft red herring prospectus dated September 30.
Offer to sell (OFS)
The offer to sell is Rs 1,430 crore, according to the draft red herring prospectus filed with Sebi.
JPMorgan, Kotak Mahindra Capital, and Citi are some of the primary book managers for the IPO.
Existing shareholders SVF India Holdings, A1 Holdings, China Lodging Holdings and Global Ivy Ventures will offer shares under the OFS portion. In addition, Softbank Vision Fund, Singaporean ridesharing company Grab and Global Ivy Ventures will participate in the OFS.
Importance of this IPO
Also, it’s a time when startups are hitting the primary market to raise capital. In July, as Zomato and CarTrade made a solid debut on Dalal Street, Paytm, PolicyBazaar, Nykaa and Mobikwik filed their papers to launch IPOs.