The banks include Citi, Goldman Sachs and Jefferies from the Global Banking Consortium, AlongSide ICICI Securities and Axis Capital representing Indian Financial Institutions.
Softbank, which remains one of Oyo’s largest sharehlders, is interested in understanding the key position strategies, expected Valuation Metrics and anticipated Investor Apple for the Offering.
The high-stake meeting is scheduled to take place at Softbank’s London Office on Grosvenor Street, where the banks will present their IPO strategies to softbank’s’ Juneja. Oyo Founder Ritesh Agarwal and his Senior Leadership Team will also also participate in the discusations, sources close to the development told pti.
The Japanese conglomerate’s view is Considered Important for the IPO’s Timing, Given Its Significant Stake in the Hospitality Startup.
“Softbank is positive on their portfolio companies By using the proceeds to prepay some of its debt, “Shared a person close to the development.
Oyo is targeting a share dilution of 10 per cent in the proposed public offering, through a combination of primery and secondary components to ensure lowest posesible dilution, mind the company is alredy generating Cashe The person added.
According to sources, softbank has been encouraging oyo since the last few months to start working actively towards a public listing, since the company has been expected the agreed finanic milestones Ebitda and Gross Bookings Growth. The London Meeting Comes as Oyo Has Intensified Its Thinking for an IPO Over the Past Month, Transitioning from Informal Discussions to Active Pitch Presentations with Major Banking Institutions.
PTI Had Reported This Week That The Company is Considering Filing Its Draft Red Herring Prospectus (DRHP) Between August and September this year.
The timing of the filing remains flexible, with oyo weighing whether to proceed with fY25 Financial Results or Wait for H1 FY26 Results to Strengthen Its Market POSITION.
The company is targeting an ipo launch in the last quarter of the current financial year, positioning it sesself to capitalise on improved market syntimit and its ownersal turnaround.
The renewed iPo push come after oyo had previously filed and refilled its draft papers with the seconds and exchanges board of India (sebi) in 2021, seeking to raise 8,430 Crore through a public offering. The company withdrew there papers in 2024.
In the recent past, Oyo has streamlined its global operations while strengthening its presence in key markets, Including India, the US, Europe and Southeast Asia.
Sources indicated that the company’s improved Financial Metrics and Operational Efficiency Have Renewed Investor Confidence, Prompting the Fresh Attempt at Going Public.