{"id":109037,"date":"2026-06-05T18:02:12","date_gmt":"2026-06-05T12:32:12","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=109037"},"modified":"2026-06-05T18:02:13","modified_gmt":"2026-06-05T12:32:13","slug":"oyo-ipo-sebi-clears-oravel-stays-2026-june-5","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/oyo-ipo-sebi-clears-oravel-stays-2026-june-5\/","title":{"rendered":"OYO IPO Gets SEBI Clearance on 5 June 2026: Oravel Stays Among Five IPOs Cleared as India&#8217;s Most Anticipated Startup Listing Moves Closer to Reality"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>OYO IPO: SEBI clears Oravel Stays June 5, 2026. Size ~Rs 5,957 Cr (OFS Rs 4,500 Cr + fresh Rs 1,457 Cr). Revenue Rs 5,604 Cr FY25. First positive EBITDA. Valuation ~$3-4B.<\/em><\/p>\n<p>Oravel Stays received SEBI&#8217;s observations letter for the OYO IPO on 5 June 2026, with the capital markets regulator clearing Oravel Stays Limited, the parent company of OYO Hotels and Homes, as part of a batch of five IPOs approved on the same day. The the clearance marks the culmination of one of the longest IPO journeys in Indian startup history: Oravel Stays first filed a DRHP with SEBI in September 2021 seeking to raise Rs 8,430 crore at a $9 billion valuation. Multiple refiling rounds, a complete business restructuring, significant valuation reset, and four and a half years later, the company has finally received regulatory go-ahead at a more modest but operationally supported valuation of approximately $3-4 billion.<\/p>\n<p>Oravel Stays comes to market with meaningfully improved financial credentials. Oravel Stays reported consolidated revenues of approximately Rs 5,604 crore in FY25 (approximately 13% growth year-on-year), and more importantly, achieved positive EBITDA of approximately Rs 801 crore in FY25 &#8212; the first full financial year with positive operating cash generation. The company will list on both NSE and BSE. Data sourced from publicly available DRHP filings and SEBI communications; verify with official SEBI (sebi.gov.in) disclosures before any investment decisions.<\/p>\n<p style=\"margin-top: 24px; margin-bottom: 16px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=oyo-ipo-sebi-clears-2026\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/oyo-ipo-sebi-clears-oravel-stays-2026-june-5\/#OYO_IPO_Key_Details\" title=\"OYO IPO: Key Details\">OYO IPO: Key Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/oyo-ipo-sebi-clears-oravel-stays-2026-june-5\/#OYO_IPO_The_Long_Road_From_2021_to_2026\" title=\"OYO IPO: The Long Road From 2021 to 2026\">OYO IPO: The Long Road From 2021 to 2026<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/oyo-ipo-sebi-clears-oravel-stays-2026-june-5\/#OYO_IPO_What_Makes_the_Business_Case_in_2026\" title=\"OYO IPO: What Makes the Business Case in 2026\">OYO IPO: What Makes the Business Case in 2026<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/oyo-ipo-sebi-clears-oravel-stays-2026-june-5\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/oyo-ipo-sebi-clears-oravel-stays-2026-june-5\/#Frequently_Asked_Questions_on_OYO_IPO_and_SEBI_Clearance\" title=\"Frequently Asked Questions on OYO IPO and SEBI Clearance\">Frequently Asked Questions on OYO IPO and SEBI Clearance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/oyo-ipo-sebi-clears-oravel-stays-2026-june-5\/#Has_SEBI_cleared_the_OYO_IPO_in_2026\" title=\"Has SEBI cleared the OYO IPO in 2026?\">Has SEBI cleared the OYO IPO in 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/oyo-ipo-sebi-clears-oravel-stays-2026-june-5\/#What_are_the_OYO_IPO_details_%E2%80%94_size_valuation_and_key_shareholders\" title=\"What are the OYO IPO details &#8212; size, valuation, and key shareholders?\">What are the OYO IPO details &#8212; size, valuation, and key shareholders?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/oyo-ipo-sebi-clears-oravel-stays-2026-june-5\/#What_is_OYOs_financial_performance_ahead_of_the_OYO_IPO\" title=\"What is OYO&#8217;s financial performance ahead of the OYO IPO?\">What is OYO&#8217;s financial performance ahead of the OYO IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/oyo-ipo-sebi-clears-oravel-stays-2026-june-5\/#What_are_the_key_risks_investors_should_evaluate_before_the_OYO_IPO\" title=\"What are the key risks investors should evaluate before the OYO IPO?\">What are the key risks investors should evaluate before the OYO IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/oyo-ipo-sebi-clears-oravel-stays-2026-june-5\/#What_other_IPOs_were_cleared_alongside_the_OYO_IPO_on_June_5_2026\" title=\"What other IPOs were cleared alongside the OYO IPO on June 5, 2026?\">What other IPOs were cleared alongside the OYO IPO on June 5, 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/oyo-ipo-sebi-clears-oravel-stays-2026-june-5\/#When_will_the_OYO_IPO_open_for_subscription\" title=\"When will the OYO IPO open for subscription?\">When will the OYO IPO open for subscription?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"OYO_IPO_Key_Details\"><\/span><strong>OYO IPO: Key Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Parameter<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><strong>Company<\/strong><\/td>\n<td>Oravel Stays Limited (OYO parent)<\/td>\n<\/tr>\n<tr>\n<td><strong>SEBI Clearance Date<\/strong><\/td>\n<td>June 5, 2026<\/td>\n<\/tr>\n<tr>\n<td><strong>IPOs in Same Batch<\/strong><\/td>\n<td>5 total (OYO IPO is the headline transaction)<\/td>\n<\/tr>\n<tr>\n<td><strong>Total OYO IPO Size (approx.)<\/strong><\/td>\n<td>~Rs 5,957 crore<\/td>\n<\/tr>\n<tr>\n<td><strong>Fresh Issue (approx.)<\/strong><\/td>\n<td>~Rs 1,457 crore<\/td>\n<\/tr>\n<tr>\n<td><strong>Offer for Sale (approx.)<\/strong><\/td>\n<td>~Rs 4,500 crore<\/td>\n<\/tr>\n<tr>\n<td><strong>Founder-CEO<\/strong><\/td>\n<td>Ritesh Agarwal (~33% stake)<\/td>\n<\/tr>\n<tr>\n<td><strong>Key Investor<\/strong><\/td>\n<td>SoftBank Group (~46% pre-IPO)<\/td>\n<\/tr>\n<tr>\n<td><strong>Target Valuation<\/strong><\/td>\n<td>~$3-4 billion (vs $9 billion in 2021 DRHP)<\/td>\n<\/tr>\n<tr>\n<td><strong>FY25 Revenue<\/strong><\/td>\n<td>~Rs 5,604 crore (+13% YoY)<\/td>\n<\/tr>\n<tr>\n<td><strong>FY25 EBITDA<\/strong><\/td>\n<td>~Rs 801 crore (first full-year positive)<\/td>\n<\/tr>\n<tr>\n<td><strong>Business<\/strong><\/td>\n<td>Tech-enabled hospitality: budget hotels, homes, vacation rentals<\/td>\n<\/tr>\n<tr>\n<td><strong>BRLMs<\/strong><\/td>\n<td>Kotak Mahindra Capital, JM Financial, Citigroup, J.P. Morgan<\/td>\n<\/tr>\n<tr>\n<td><strong>Proposed Listing<\/strong><\/td>\n<td>NSE and BSE<\/td>\n<\/tr>\n<tr>\n<td><strong>OYO IPO Open Date<\/strong><\/td>\n<td>To be announced (expected July-August 2026)<\/td>\n<\/tr>\n<tr>\n<td><strong>Price Band<\/strong><\/td>\n<td>To be announced<\/td>\n<\/tr>\n<tr>\n<td><strong>First DRHP Filed<\/strong><\/td>\n<td>September 2021<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div style=\"background: #E8EAFF; border-radius: 14px; padding: 28px 32px 24px 32px; margin: 24px 0; font-family: -apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,sans-serif; cursor: pointer; max-width: 100%; box-sizing: border-box;\">\n<p style=\"font-size: 20px; font-weight: bold; color: #0a0a23; margin: 0 0 12px 0; line-height: 1.3;\">Top Upcoming IPOs Tracked by Univest<\/p>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 14px 0; line-height: 1.6;\">When <strong style=\"color: #0a0a23;\">Univest analysts<\/strong> identify high-conviction opportunities, <em>investors pay attention.<\/em><\/p>\n<ul style=\"margin: 0 0 16px 20px; padding: 0; color: #3a3a5c; font-size: 15px; line-height: 1.8;\">\n<li>OYO IPO GMP and subscription data tracked daily<\/li>\n<li>High-conviction IPO research from Univest analysts<\/li>\n<li>Real-time IPO allotment and listing alerts<\/li>\n<\/ul>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 20px 0;\">Unlock the latest <a style=\"color: #3b7fff; font-weight: bold; text-decoration: none;\" href=\"https:\/\/univest.in\/user\/payment?planType=ALL_PRO%20PLANS\">Top Stock Picks<\/a> on Univest<\/p>\n<p><a style=\"display: inline-block; background: #3B7FFF; color: #fff; font-size: 15px; font-weight: 600; padding: 13px 28px; border-radius: 50px; letter-spacing: 0.2px; text-decoration: none;\" href=\"https:\/\/univest.in\/user\/payment?planType=ALL_PRO%20PLANS\" target=\"_blank\" rel=\"noopener\">See the Stocks \u2192<\/a><\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"OYO_IPO_The_Long_Road_From_2021_to_2026\"><\/span><strong>OYO IPO: The Long Road From 2021 to 2026<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This IPO story is one of the most consequential in Indian startup history precisely because it mirrors the full cycle of startup valuations from peak private market euphoria to public market reality. In September 2021, the company filed its first DRHP at a $9 billion valuation, backed by the SoftBank-led late-stage funding frenzy that had taken OYO&#8217;s private valuation to a peak of $10 billion. The SEBI review process revealed significant concerns: the DRHP ran to over 1,400 pages, financials were complex, business model risks were substantial, and legal proceedings were numerous.<\/p>\n<p>OYO withdrew and refiled the DRHP in October 2023 with a significantly revised proposal: smaller fresh issue, reduced OFS, and a dramatically lower target valuation of approximately $2.5-3 billion. The company continued to restructure aggressively, exiting over 150,000 hotel rooms from its portfolio, shutting down unprofitable geographies including China and several European markets, and focusing on its core India, Southeast Asia, and Europe franchised hotel business. The FY25 EBITDA positive milestone was the financial inflection point that made the OYO IPO viable again. The June 5, 2026 SEBI clearance is the confirmation that the OYO IPO story has reached an acceptable state of maturity for public market investors.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"OYO_IPO_What_Makes_the_Business_Case_in_2026\"><\/span><strong>OYO IPO: What Makes the Business Case in 2026<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The 2026 listing is fundamentally different from the 2021 attempt because the company is now trying to list as a profitable hospitality technology platform rather than a high-growth loss-making startup. At Rs 5,604 crore in FY25 revenue and Rs 801 crore in positive EBITDA, OYO has demonstrated that its asset-light aggregator model &#8212; where it provides technology, branding, and distribution to hotel partners in exchange for a revenue share &#8212; can generate meaningful operating leverage. The investor base in 2026 evaluating the OYO IPO will primarily compare OYO to listed hospitality companies (Indian Hotels, Lemon Tree Hotels, Chalet Hotels) and technology platforms (Zomato, Swiggy) rather than the pure growth-stage tech comps of 2021.<\/p>\n<p>The most important financial metric for OYO investors for public market investors will be the path to PAT profitability. With positive EBITDA confirmed but legacy debt servicing costs still creating net losses at the PAT level, the OYO IPO pricing will need to justify a valuation that factors in the time to full profitability. The target valuation implies roughly 4-5x EV\/Revenue (FY25), which is significantly more modest than the 20x+ multiples at which the 2021 OYO IPO was attempted. Verify with official SEBI DRHP before any decisions.<\/p>\n<p style=\"margin-top: 24px; margin-bottom: 16px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Track the OYO IPO GMP, subscription status and listing date on the Univest Screener.<\/strong><\/a><\/p>\n<p style=\"margin-top: 24px; margin-bottom: 16px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track OYO IPO allotment status and get IPO research alerts.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The OYO IPO receiving SEBI clearance on 5 June 2026 closes a chapter in Indian startup history that began with unbridled optimism in 2021 and arrives in 2026 with a more grounded but credible public market case. Oravel Stays, with Rs 5,604 crore in FY25 revenue and its first positive EBITDA of Rs 801 crore, presents a significantly de-risked business relative to the 2021 DRHP version. The OYO IPO total issue of approximately Rs 5,957 crore targets a $3-4 billion valuation, a reset from the $9 billion peak. Subscription dates and price band are pending. Data from publicly available filings; verify with official SEBI disclosures. This does not constitute investment advice.<\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_OYO_IPO_and_SEBI_Clearance\"><\/span><strong>Frequently Asked Questions on OYO IPO and SEBI Clearance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Has_SEBI_cleared_the_OYO_IPO_in_2026\"><\/span><strong>Has SEBI cleared the OYO IPO in 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Yes, SEBI cleared the OYO IPO on June 5, 2026, issuing its observations letter to Oravel Stays Limited, the parent company of OYO Hotels and Homes. This is a landmark development for one of India&#8217;s most anticipated tech IPOs. The SEBI clearance for the OYO IPO follows multiple rounds of DRHP filings and revisions since 2021, when OYO first filed for an IPO at a valuation of $9 billion. The June 5 clearance is part of a batch of five IPOs that SEBI cleared on the same day. The OYO IPO is now free to open for public subscription at a date and price band to be announced by the company, subject to market conditions. Data sourced from publicly available SEBI and exchange filings; verify with official SEBI (sebi.gov.in) and OYO communications.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_OYO_IPO_details_%E2%80%94_size_valuation_and_key_shareholders\"><\/span><strong>What are the OYO IPO details &#8212; size, valuation, and key shareholders?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The OYO IPO by Oravel Stays Limited is expected to be one of the largest technology-led startup IPOs in Indian history. The revised DRHP indicates the total issue size is approximately Rs 5,957 crore comprising an offer for sale (OFS) of approximately Rs 4,500 crore and a fresh issue of approximately Rs 1,457 crore. This is substantially smaller than the original 2021 DRHP that sought to raise Rs 8,430 crore at a $9 billion valuation. The revised OYO IPO targets a valuation of approximately $3-4 billion, reflecting the recalibration to public market reality from the peak private market valuations of 2021. Key shareholders: Ritesh Agarwal (founder-CEO, approximately 33% stake), SoftBank Group (approximately 46% pre-IPO), and SVF India Holdings. BRLMs include Kotak Mahindra Capital, JM Financial, Citigroup, and J.P. Morgan. Data from publicly available filings; verify with official SEBI disclosures.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_OYOs_financial_performance_ahead_of_the_OYO_IPO\"><\/span><strong>What is OYO&#8217;s financial performance ahead of the OYO IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> OYO&#8217;s financial trajectory ahead of the OYO IPO shows meaningful improvement from its loss-making history. In FY25, Oravel Stays reported consolidated revenues of approximately Rs 5,604 crore (approximately 13% growth year-on-year from Rs 4,955 crore in FY24). More significantly, FY25 marked OYO&#8217;s first full financial year with positive EBITDA of approximately Rs 801 crore, a significant turnaround from the deep EBITDA losses of FY21 and FY22 (when OYO&#8217;s EBITDA was negative Rs 2,500-3,000 crore). The OYO IPO story is therefore one of operational turnaround: the company significantly restructured its property portfolio, exited unprofitable markets including several international geographies, and improved unit economics at remaining hotels through its technology platform. OYO remains net loss-making at the PAT level due to historical debt servicing costs, but the EBITDA positive signal is critical for IPO investor assessment. Data from publicly available filings; verify with official SEBI DRHP.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_key_risks_investors_should_evaluate_before_the_OYO_IPO\"><\/span><strong>What are the key risks investors should evaluate before the OYO IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors evaluating the OYO IPO should assess four key risk categories. First, profitability timeline: despite FY25 positive EBITDA, OYO remains net loss-making at the PAT level and has accumulated significant historical losses. The OYO IPO investors must form a view on when OYO will turn PAT positive. Second, business model risk: OYO&#8217;s asset-light aggregator model involves revenue from hotel management contracts and technology fees, which can be volatile as hotel partners can and have exited the OYO platform. Third, valuation reset risk: the OYO IPO comes to market at $3-4 billion versus $9 billion private market peak, but comparable listed hospitality and tech platform companies may offer better risk-reward at current multiples. Fourth, competitive landscape: OYO competes with Treebo, Fab Hotels, and increasingly with Airbnb and international chains in the budget and mid-market hospitality segments. Consult a SEBI-registered financial advisor before investing in the OYO IPO. This does not constitute investment advice.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_other_IPOs_were_cleared_alongside_the_OYO_IPO_on_June_5_2026\"><\/span><strong>What other IPOs were cleared alongside the OYO IPO on June 5, 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> SEBI cleared five IPOs on June 5, 2026, with the OYO IPO (Oravel Stays Limited) being the most prominent. The four other IPOs cleared alongside the OYO IPO represent a range of sectors, continuing SEBI&#8217;s active IPO pipeline processing. The exact details of the four other companies cleared in the same June 5 batch were not disclosed in the initial announcement beyond the headline number. India&#8217;s IPO market in mid-2026 has been active, with the OYO IPO expected to be the headline transaction of this batch. Earlier in June 2026, Paras Healthcare also refiled its DRHP for a Rs 1,800 crore IPO, and Aureate Tradde listed on BSE SME. Data sourced from publicly available SEBI and exchange filings; verify with official SEBI (sebi.gov.in) for the complete list of IPOs cleared on June 5.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_will_the_OYO_IPO_open_for_subscription\"><\/span><strong>When will the OYO IPO open for subscription?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The OYO IPO subscription dates, price band, and lot size have not been announced as of June 5, 2026 &#8212; SEBI&#8217;s observations letter (effective clearance) was issued today. The standard timeline after SEBI issues observations is approximately 12 weeks during which the company must launch the IPO, failing which a fresh SEBI clearance is required. Based on the June 5 the clearance, the public subscription could open as early as late July or August 2026, subject to market conditions and the company&#8217;s decision on timing. Investors interested in the OYO IPO should monitor official SEBI announcements at sebi.gov.in, BSE and NSE exchange filings, and OYO&#8217;s official communications for the confirmed opening date and price band. This does not constitute investment advice.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Has SEBI cleared the OYO IPO in 2026?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes, SEBI cleared the OYO IPO on June 5, 2026, issuing its observations letter to Oravel Stays Limited, the parent company of OYO Hotels and Homes. This is a landmark development for one of India's most anticipated tech IPOs. The SEBI clearance for the OYO IPO follows multiple rounds of DRHP filings and revisions since 2021, when OYO first filed for an IPO at a valuation of $9 billion. The June 5 clearance is part of a batch of five IPOs that SEBI cleared on the same day. The OYO IPO is now free to open for public subscription at a date and price band to be announced by the company, subject to market conditions. Data sourced from publicly available SEBI and exchange filings; verify with official SEBI (sebi.gov.in) and OYO communications.\"}},{\"@type\":\"Question\",\"name\":\"What are the OYO IPO details -- size, valuation, and key shareholders?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The OYO IPO by Oravel Stays Limited is expected to be one of the largest technology-led startup IPOs in Indian history. The revised DRHP indicates the total issue size is approximately Rs 5,957 crore comprising an offer for sale (OFS) of approximately Rs 4,500 crore and a fresh issue of approximately Rs 1,457 crore. This is substantially smaller than the original 2021 DRHP that sought to raise Rs 8,430 crore at a $9 billion valuation. The revised OYO IPO targets a valuation of approximately $3-4 billion, reflecting the recalibration to public market reality from the peak private market valuations of 2021. Key shareholders: Ritesh Agarwal (founder-CEO, approximately 33% stake), SoftBank Group (approximately 46% pre-IPO), and SVF India Holdings. BRLMs include Kotak Mahindra Capital, JM Financial, Citigroup, and J.P. Morgan. Data from publicly available filings; verify with official SEBI disclosures.\"}},{\"@type\":\"Question\",\"name\":\"What is OYO's financial performance ahead of the OYO IPO?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"OYO's financial trajectory ahead of the OYO IPO shows meaningful improvement from its loss-making history. In FY25, Oravel Stays reported consolidated revenues of approximately Rs 5,604 crore (approximately 13% growth year-on-year from Rs 4,955 crore in FY24). More significantly, FY25 marked OYO's first full financial year with positive EBITDA of approximately Rs 801 crore, a significant turnaround from the deep EBITDA losses of FY21 and FY22 (when OYO's EBITDA was negative Rs 2,500-3,000 crore). The OYO IPO story is therefore one of operational turnaround: the company significantly restructured its property portfolio, exited unprofitable markets including several international geographies, and improved unit economics at remaining hotels through its technology platform. OYO remains net loss-making at the PAT level due to historical debt servicing costs, but the EBITDA positive signal is critical for IPO investor assessment. Data from publicly available filings; verify with official SEBI DRHP.\"}},{\"@type\":\"Question\",\"name\":\"What are the key risks investors should evaluate before the OYO IPO?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Investors evaluating the OYO IPO should assess four key risk categories. First, profitability timeline: despite FY25 positive EBITDA, OYO remains net loss-making at the PAT level and has accumulated significant historical losses. The OYO IPO investors must form a view on when OYO will turn PAT positive. Second, business model risk: OYO's asset-light aggregator model involves revenue from hotel management contracts and technology fees, which can be volatile as hotel partners can and have exited the OYO platform. Third, valuation reset risk: the OYO IPO comes to market at $3-4 billion versus $9 billion private market peak, but comparable listed hospitality and tech platform companies may offer better risk-reward at current multiples. Fourth, competitive landscape: OYO competes with Treebo, Fab Hotels, and increasingly with Airbnb and international chains in the budget and mid-market hospitality segments. Consult a SEBI-registered financial advisor before investing in the OYO IPO. This does not constitute investment advice.\"}},{\"@type\":\"Question\",\"name\":\"What other IPOs were cleared alongside the OYO IPO on June 5, 2026?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"SEBI cleared five IPOs on June 5, 2026, with the OYO IPO (Oravel Stays Limited) being the most prominent. The four other IPOs cleared alongside the OYO IPO represent a range of sectors, continuing SEBI's active IPO pipeline processing. The exact details of the four other companies cleared in the same June 5 batch were not disclosed in the initial announcement beyond the headline number. India's IPO market in mid-2026 has been active, with the OYO IPO expected to be the headline transaction of this batch. Earlier in June 2026, Paras Healthcare also refiled its DRHP for a Rs 1,800 crore IPO, and Aureate Tradde listed on BSE SME. Data sourced from publicly available SEBI and exchange filings; verify with official SEBI (sebi.gov.in) for the complete list of IPOs cleared on June 5.\"}},{\"@type\":\"Question\",\"name\":\"When will the OYO IPO open for subscription?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The OYO IPO subscription dates, price band, and lot size have not been announced as of June 5, 2026 -- SEBI's observations letter (effective clearance) was issued today. The standard timeline after SEBI issues observations is approximately 12 weeks during which the company must launch the IPO, failing which a fresh SEBI clearance is required. Based on the June 5 the clearance, the public subscription could open as early as late July or August 2026, subject to market conditions and the company's decision on timing. Investors interested in the OYO IPO should monitor official SEBI announcements at sebi.gov.in, BSE and NSE exchange filings, and OYO's official communications for the confirmed opening date and price band. This does not constitute investment advice.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>OYO IPO: SEBI clears Oravel Stays Limited on June 5, 2026. Total size ~Rs 5,957 Cr: fresh issue ~Rs 1,457 Cr + OFS ~Rs 4,500 Cr. 5 IPOs cleared same day. Founder: Ritesh Agarwal (~33%). SoftBank ~46% pre-IPO. Target valuation ~$3-4 billion (down from $9B in 2021 DRHP). First DRHP: Sept 2021; refiled Oct 2023; final clearance June 2026. FY25 revenue Rs 5,604 Cr (+13% YoY). FY25 EBITDA Rs 801 Cr (first full-year positive). BRLMs: Kotak Mahindra, JM Financial, Citigroup, J.P. Morgan. Listing: NSE + BSE. Subscription dates TBA. Full analysis on Univest.<\/p>\n","protected":false},"author":26,"featured_media":109045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[],"class_list":["post-109037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_lock":["1780662748:26"],"_last_editor_used_jetpack":["block-editor"],"rank_math_primary_category":["842"],"rank_math_seo_score":["81"],"rank_math_focus_keyword":["OYO IPO"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"],"rank_math_title":["OYO IPO SEBI Clears Oravel Stays for Listing in 2026"],"rank_math_description":["OYO IPO cleared by SEBI June 5, 2026. Oravel Stays among 5 IPOs cleared. Revenue Rs 5,604 Cr FY25. First positive EBITDA. Size ~Rs 5,957 Cr. Ritesh Agarwal. SoftBank."],"_thumbnail_id":["109045"],"_edit_last":["26"],"_ez-toc-disabled":[""],"_ez-toc-insert":[""],"_ez-toc-header-label":[""],"_ez-toc-alignment":["none"],"_ez-toc-heading-levels":["a:0:{}"],"_ez-toc-alttext":[""],"_ez-toc-visibility_hide_by_default":[""],"_ez-toc-hide_counter":[""],"_ez-toc-exclude":[""],"_ez-toc-position-specific":["before"],"stm_select_gm_zoom":[""],"stm_agenda":[""],"stm_host":[""],"stm_select_approved_denied":[""],"stm_multiselect_approved":[""],"stm_multiselect_denied":[""],"stm_date":[""],"stm_time":[""],"stm_timezone":[""],"stm_duration":[""],"stm_password":[""],"stm_waiting_room":[""],"stm_join_before_host":[""],"stm_host_join_start":[""],"stm_start_after_participants":[""],"stm_mute_participants":[""],"stm_enforce_login":[""],"stm_alternative_hosts":[""],"top_bar_custom_style":[""],"top_bar_bg":[""],"wc_top_bar_cart_custom_style":[""],"wc_top_bar_cart_color":[""],"wc_top_bar_cart_icon_color_hover":[""],"wc_top_bar_cart_counter_color":[""],"wc_top_bar_cart_counter_color_hover":[""],"wc_top_bar_cart_counter_bg":[""],"wc_top_bar_cart_counter_bg_hover":[""],"top_bar_wpml_switcher_custom_style":[""],"wpml_switcher_color":[""],"top_bar_wpml_switcher_bg":[""],"top_bar_wpml_switcher_bg_hover":[""],"top_bar_wpml_switcher_color_hover":[""],"top_bar_socials_custom_style":[""],"top_bar_socials_color":[""],"top_bar_socials_color_hover":[""],"top_bar_search_custom_style":[""],"top_bar_search_color":[""],"top_bar_search_icon_color_hover":[""],"top_bar_contact_info_style":[""],"top_bar_contact_info_color":[""],"top_bar_contact_info_link_color":[""],"top_bar_contact_info_link_color_hover":[""],"top_bar_contact_info_select_bg":[""],"top_bar_contact_info_select_color":[""],"top_bar_contact_info_select_drop_bg":[""],"top_bar_contact_info_select_items_bg":[""],"top_bar_contact_info_select_items_color":[""],"top_bar_contact_info_select_items_hover":[""],"header_inverse":["default"],"enable_header_transparent":["off"],"header_nav_custom_style":[""],"header_bg":[""],"header_shadow":[""],"wc_cart_custom_style":[""],"wc_cart_icon_color":[""],"wc_cart_icon_color_hover":[""],"wc_cart_counter_color":[""],"wc_cart_counter_color_hover":[""],"wc_cart_counter_bg":[""],"wc_cart_counter_bg_hover":[""],"header_wpml_switcher_custom_style":[""],"header_wpml_switcher_color":[""],"header_wpml_switcher_color_hover":[""],"header_wpml_switcher_bg":[""],"header_wpml_switcher_bg_hover":[""],"header_socials_custom_style":[""],"header_socials_color":[""],"header_socials_color_hover":[""],"header_search_custom_style":[""],"header_search_icon_color":[""],"header_search_icon_color_hover":[""],"header_contact_info_style":[""],"header_contact_info_color":[""],"header_contact_info_link_color":[""],"header_contact_info_link_color_hover":[""],"header_button_custom_style":[""],"header_button_color":[""],"header_button_color_hover":[""],"header_button_bg":[""],"header_button_bg_hover":[""],"header_nav_menu_customize":[""],"header_nav_menu_link_color":[""],"header_nav_menu_link_color_hover":[""],"header_nav_menu_link_color_active":[""],"header_nav_menu_link_arrow_color":[""],"header_nav_menu_link_arrow_color_hover":[""],"header_nav_menu_level_1_bg":[""],"header_nav_menu_level_1_link_color":[""],"header_nav_menu_level_1_link_color_hover":[""],"header_nav_menu_level_1_link_bg_hover":[""],"header_nav_menu_level_1_link_arrow_color":[""],"header_nav_menu_level_1_link_arrow_color_hover":[""],"header_nav_menu_level_2_bg":[""],"header_nav_menu_level_2_link_color":[""],"header_nav_menu_level_2_link_color_hover":[""],"header_nav_menu_level_2_link_bg_hover":[""],"header_mega_menu_bg":[""],"header_mega_menu_title_color":[""],"header_mega_menu_title_color_hover":[""],"header_mega_menu_description_color":[""],"header_mega_menu_description_link_color":[""],"header_mega_menu_description_link_color_hover":[""],"header_mega_menu_color":[""],"header_mega_menu_color_hover":[""],"header_mega_menu_border_color":[""],"header_mega_menu_icons_color":[""],"header_nav_menu_customize_end":[""],"hfe_enabled_notice":[""],"disable_title_box":["default"],"hfe_disabled":[""],"enable_transparent":["default"],"title_box_title_bg_color":[""],"title_box_bg_custom_image":["default"],"title_box_bg_image":[""],"title_box_bg_position":["default"],"metabox_title_box_bg_position_x":[""],"metabox_title_box_bg_position_y":[""],"metabox_title_box_bg_attachment":["default"],"title_box_bg_size":["default"],"metabox_title_box_bg_size_slider":[""],"title_box_bg_repeat":["default"],"disable_title":["default"],"title_box_title_color":[""],"title_box_title_line_color":[""],"disable_breadcrumbs":["default"],"metabox_title_box_breadcrumbs_color":[""],"metabox_title_box_links_color":[""],"metabox_title_box_links_color_hover":[""],"content_bg_transparent":[""],"show_popup_single":[""],"popups_single":[""],"popups_single_event":[""],"popup_single_event_open_delay":[""],"popup_single_event_showing_in":[""],"popup_single_event_date_from":[""],"popup_single_event_date_to":[""],"popup_single_event_time_from":[""],"popup_single_event_time_to":[""],"popup_single_animation":[""],"popup_single_responsive":[""],"separator_footer_copyright_border_t":[""],"name":[""],"email":[""],"phone":[""],"company":[""],"memberId":[""],"testimonial_position":[""],"testimonial_company":[""],"testimonial_bg_img":[""],"testimonial_video_url":[""],"popups_width":[""],"popups_height":[""],"popups_image_bg":[""],"popups_color_bg":[""],"popups_border_radius":[""],"popups_template":[""],"rank_math_analytic_object_id":["15925"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/06\/OYO-IPO-Gets-SEBI-Clearance-on-5-June-2026.jpg","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/109037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=109037"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/109037\/revisions"}],"predecessor-version":[{"id":109046,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/109037\/revisions\/109046"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/109045"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=109037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=109037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=109037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}