News > Oyo Hotels set to join IPO bandwagon, may go public by end of the year | Business News

Oyo Hotels set to join IPO bandwagon, may go public by end of the year | Business News

Oyo Hotels and Homes will soon join the list of startups launching an initial public offering (IPO) in the country. The Economic Times citing people aware of the development mentioned in a report that, internally, the company has set a timeline of September for filing its IPO prospectus and wants to be a public company before the calendar year ends.

“Work has begun and some bankers have been finalised,” a person aware of the matter told the financial daily. “They are aiming to file the draft red herring prospectus (DRHP) by September.” Another person told the publication, “Directionally, they are moving towards an IPO but many details are yet to be finalised, including the offer size.”