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Oravel Stays Ltd (Oyo) Overview

The company is a leading, new-age technology platform empowering the large yet highly fragmented global hospitality ecosystem, according to RedSeer (Source: Company DRHP).

The business model helps Patrons transform fragmented, unbranded and underutilized hospitality assets into branded, digitally enabled storefronts with higher revenue generation potential and provides Customers with access to a broad range of high-quality storefronts at compelling price points.

As at March 31, 2021, the company had 157,344 storefronts across more than 35 countries listed on their platform.

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Strengths & Risks associated

Top 0 Strengths

  • 1

    Scaled footprint with leadership in Core Growth Markets

    As at September 9, 2021, the company had the largest footprint in terms of hotel storefronts in India and SEA and the second largest footprint in Europe in terms of home storefronts among full stack short-stay accommodation players, according to RedSeer. (Source: Company DRHP).

  • 2

    Strong and trusted consumer brand

    OYO was identified as the most valuable Travel and Hospitality brand in India and 30th most valuable brand overall in India by a study conducted by Kantar for 2020 (Source: BrandZ India 2020 Report and Company DRHP).

  • 3

    Full-stack technology platform driving strong value proposition

    The proprietary technology platform is highly differentiated and has been developed largely by their in-house engineering and product and design teams, rather than through an aggregation of products developed by external software vendors (Source: Company DRHP).

Top 0 risks

  • 1

    The COVID-19 pandemic and the measures taken by governments to curb its spread have adversely impacted the industry and business

    The extent of the pandemic and its further impact on business, operations and financial performance is uncertain and cannot be predicted.

  • 2

    Maintaining and enhancing the brand and reputation is critical to growth

    Negative publicity could damage the brand and thereby harm ability to compete effectively, and could materially and adversely affect business, results of operations and financial condition.

Financials

  • Net Worth
  • Revenue from Contract with Customers
  • Total borrowings
  • Restated Loss
  • Basic Loss per Share

Net Worth

Revenue from Contract with Customers

Total borrowings

Restated Loss

Basic Loss per Share

Industry Trends

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Retail Individual Investor
Non-Institutional Investor
Qualified Institutional Buyers
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FAQs

An Initial Public Offering (IPO) is when a company issues common stock or shares to the public for the first time. It is the process where a privately held company becomes a publicly traded company with the initial sale of its stock. An IPO is a tool that companies use to secure capital through investments for future use. In most instances, this investment is used to expand or improve the business.

A price band is a price floor and a cap between which a seller will let buyers place bids on a security, usually during an initial public offering (IPO).

Minimum Order Quantity, as name says, is the minimum number of shares investors can apply while bidding in an IPO. If investors want to bid for more shares, they can apply in multiples of IPO market lot (lot Size or IPO bid lot) of shares.

If an investor wants to place bids for less than Rs.2 lacs, he needs to apply in the Retail segment. If an investor wants to bid for more than Rs.2 lacs, he needs to apply in the HNI segment.

Cut-off price is the offer price, finalized by a company in consultation with the book running lead managers (BRLMs), which could be any price within the price band. Applying on Cut-off price means the investor is ready to pay whatever price is decided by the company at the end of the book-building process.

When applying at a cut-off price, an investor has to pay the highest price while placing the bid. If a company decides the final price lower than the highest price asked for IPO, the remaining amount is returned to the retail investor.

An investor can apply in all Mainboard IPOs through ICICIdirect. However, if the investor wants to apply in SME IPOs, he/she can do it through the net banking portal of ICICI Bank.

ASBA stands for "Applications Supported by Blocked Accounts". At the time of bidding, investors’ account is blocked to the extent of the bid amount and debited only at the time of allotment. This facility is being offered by ICICIDirect in affiliation with ICICI Bank Limited.

In other payment options, the bid amount is debited when investors’ bid application is placed with the stock exchanges. Under the ASBA process, the amount will be debited from investors’ bank account to the extent of successful allotment at the time of allotment. Until such allotment, the amount will remain blocked in investors’ bank account.

Application under this facility can be placed only for Book Built Public Issues.

An investor can place maximum of 3 bids in an issue.

The investor with Demat account in ICICIdirect can apply in an IPO by logging in to his ICICIdirect Account. The investor needs to select IPO and then the name of the IPO in which he would like to apply. Given below is the path:

Login to ICICIdirect account >> IPO >> Name of IPO

Investor can apply in the retail section of an IPO through iDirect Portal even if he has a 2-in-1 account (Demat, Trading Accounts) with us and Bank account with third party.

Yes, the investor can revise or withdraw the bids after application. It can be done only once the order is executed. The investor needs to go to the IPO Order Book and select the Transaction Id and then click on Withdraw Application/ Revise Bid. The application in the non- institutional category cannot be withdrawn but can only be revised.

However, this needs to be done during the issue itself and cannot be done after the issue is closed. In case of ASBA applications, for upward revision of bid, additional lien will be marked to the extent of incremental amount. However, in case of downward revision, differential money blocked earlier will not be released. Such amount, if any, will be released after allotment

No, one person cannot apply multiple times with same Demat/PAN for an IPO. If an investor applies in an IPO though multiple applications with same Demat account or same PAN Number, his applications will be rejected.

If an investor would like to place order for multiple applications, he/she can apply with his/her family member's name. But, all eligible family members should have a Demat account and a PAN number.

In cases where issue is over-subscribed, bidding for more than 1 lot from the same account doesn’t help as maximum of only 1 lot can be provided against each application. However, if the investor applies for 1 lot from different accounts, the probability of allocation of shares increases.