On Monday 19 September, OYO filed an addendum to the Draft Red Herring Prospectus (DRHP) filed earlier for its initial public offering (IPO) in October 2021 with the Securities and Exchange Board of India (SEBI).
OYO (formally Oravel Stays Limited) disclosed its latest financials in the IPO filing addendum in which OYO’s revenue stood at Rs 14.59 billion in the first quarter of FY 2022-23 as against Rs 47.81 billion in the fiscal year 2021-22.
According to the latest financial document file with SEBI, OYO’s adjusted gross profit stood at Rs 6021 million in the first quarter of FY 2022-23 while it stood at Rs 19158 million in FY 2021-22 and Rs 13136 million in FY 2020-21.
OYO’s Gross Booking Value (GBV) stood at Rs 24,870 million in Q1 FY 2022-23 as against Rs 81,009 million in FY 2021-22 and Rs 66,388 million in FY 2020-21.
According to DRHP filings with SEBI, OYO’s IPO will consist of a fresh issue of equity shares of up to Rs 70000 million and an offer for sale for up to Rs 14,300 million. Out of the total offer for sale of shares up to Rs 14,300 million – equity shares by SVF India Holdings (Cayman) Ltd up to Rs 13,285.32 million, equity shares by A1 Holdings Inc. up to Rs 516.21 million, equity shares by China Lodging Holdings (HK) Ltd up to Rs 231.32 million, and equity shares by Global Ivy Ventures LLP up to Rs 267.12 million.
OYO’s marketing and promotional expenses stood at Rs 2090 million in the first quarter of FY 2022-23 as against Rs 6902 million in FY 2021-22 and Rs 5427 million in FY 2020-21. OYO’s adjusted EBITDA stood at Rs 72.66 million in the first quarter of FY 2022-23 while it stood at Rs (4717) million in FY 2021-22 and Rs (17447) million in FY 2020-21.
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