| Name | Oravel Stays Limited Unlisted Shares |
|---|---|
| Alias Name | Oyo |
| Sector | Hospitality |
| Security Type | Pre-IPO/Unlisted Equity Shares |
| Face Value | ₹ 1 |
| ISIN Code | INE561T01021 |
| Available in Depository | CDSL & NSDL |
| OYO Unlisted Share Price | ₹ 52 Per Equity Share |
| Lot Size | 500 Shares |
| Minimum Investment | ₹ 26000-28000 |
| All Time High | ₹ 150 |
| All Time Low | ₹ 34 |
| Highlights | - OYO is one of the largest hospitality companies in India and has a significant presence in several other countries - OYO has received significant investment from several high-profile investors, including SoftBank, Sequoia Capital, and Airbnb |
| PAN | AABCO6063D |
Oyo is a leading, new-age technology platform empowering the large yet highly fragmented global hospitality ecosystem, according to RedSeer. Oyo have been focused on reshaping the short-stay accommodation space since their incorporation in 2012 and have developed a unique two-sided technology platform focused on comprehensively addressing key pain points of their Patrons (being the owners, lessors and/or operators of storefronts listed on our platform) on the supply side and thier Customers (being travelers and guests who book accommodations at their Patrons’ storefronts through our platform) on the demand side.
Oyo has a unique business model which helps their Patrons transform fragmented, unbranded and underutilized hospitality assets into branded, digitally-enabled storefronts with higher revenue generation potential and provides their Customers with access to a broad range of high-quality storefronts at compelling price points. As at March 31, 2021, Oyo had 157,344 storefronts across more than 35 countries listed on their platform.
The Customers of Oyo can book storefronts through oyo’s own D2C channels on platform and through indirect channels with third-party OTAs. Their OYO mobile application offers a variety of digital tools to guide their Customers throughout their journey, including discovery, seamless booking, pre-stay assistance and cancellations, digital check-ins as well as in-stay and post-stay services
Full Stack technology of Oyo platform is deeply integrated with Patrons’ business and Cusotmers’ experience 
OYO mobile application was the third most downloaded travel mobile application globally and the most downloaded travel mobile application in Asia in 2020,6 according to Sensor Tower, and had over 100 million downloads as at March 31, 2021. We had 9.2 million OYO Wizard members (including 2.1 million members who pay subscription fees for higher membership tiers) in India as of March 31, 2021, making it one of the largest loyalty programs run by leading travel or food brands in India, and the largest among online hotel or food brands in India, based on the number of members as of March 31, 2021, according to RedSeer.
Business Model of Oyo
The business model of Oyo relies on their Patrons who list their storefronts on our platform and Oyo’s large base of Customers who book accommodations at their Patrons’ storefronts through Oyo’s platform.
Oyo’s value proposition to their Patrons of their hotel and homes business is based on their integrated, full-stack technology suite, which empowers all mission-critical aspects of their business operations. In turn, Oyo’s Patrons provide them with distribution rights (largely on an exclusive basis) and significant control over pricing decisions relating to their storefront inventory, which enables them to maximize their revenue generation potential through dynamic pricing algorithms of Oyo.
Oyo distribute their Patrons’ hotel and home storefront inventory through the D2C channels on their platform and through indirect channels with third party OTAs and generally earn an average revenue share of 20% to 35% of GBV (net of discounts and loyalty points), which creates strong alignment between Oyo and their Patrons. Oyo also offer a listing only service, where Patrons can list their storefronts on their platform for a fixed subscription fee.
Oyo generate a significant share of demand through our D2C channels. Their share of direct demand on our platform, measured as a percentage of booked nights through Oyo’s D2C channels, was 74.5% in Fiscal 2020 and 71.2% in Fiscal 2021 globally and 90.9% in Fiscal 2020 and 94.4% in Fiscal 2021 for India. Oyos’s Adjusted Gross Profit Margin is higher for storefronts booked by Customers through their online D2C channels, when compared with storefronts booked by Customers through indirect channels such as third party OTAs, as they are able to charge a higher percentage of revenue share where contribution of Oyo from online D2C channels is higher.
Oyo have an asset-light business model and a lean cost structure. They do not own the storefronts listed on their platform. As at March 31, 2021, 99.9% of storefronts of Oyo did not have contracts with minimum guarantees or fixed payout commitments from them, with any investments, capital expenditure, storefront employee costs and other expenses relating to the operation of such storefronts borne largely by their Patrons. This enables Oyo to be capital-efficient and scale their business with minimal marginal costs.
Key offerings of Oyo
Customers of Oyo
Oyo Mobile App
Source – Oyo IPO DRHP
Oyo’s Business Overview and Financial Performance (FY 2022-23)
Business Engagement:
Focus and Model:
Revenue and Profitability:
Gross Booking Value (GBV):
Gross Profit:
Strategic Focus:
Technology and Product:
Initial Public Offering (IPO):
OYO, a leading new-age technology platform, is dedicated to empowering small entrepreneurs and property owners by providing them with full-stack technology products and services to efficiently manage and operate their hotels and homes. OYO’s platform simplifies operations and brings affordable, easy-to-book accommodation options to customers. Since its inception in 2012, OYO has focused on transforming the short-stay accommodation sector through its innovative, two-sided technology platform. This platform addresses the needs of both Patrons (hotel and property owners) on the supply side and Customers (travelers and guests) on the demand side.
OYO’s unique business model allows Patrons to convert fragmented, unbranded, and underutilized hospitality assets into branded, digitally enabled storefronts, enhancing their revenue potential. Customers benefit from a wide selection of high-quality accommodations at attractive price points, available through OYO’s app, web, mobile web, and various partnerships, including online travel agents and corporate tie-ups.
In FY24, OYO delivered an exceptional business performance, marked by eight consecutive EBITDA-positive quarters. Notably, FY24 was a pivotal year for OYO, as it turned PAT positive for the first time since its inception, recording a profit of INR 2,292.6 million. The company’s consolidated adjusted EBITDA surged by approximately 316% to INR 8,772.03 million, compared to INR 2,777.42 million in FY23.
OYO’s emphasis on delivering high-quality customer experiences was reflected in initiatives such as the Super OYO program, which recognizes hotels for consistent customer satisfaction, and the launch of Palette, a premium hotel brand. The company saw a growing demand in the mid-premium and premium segments, with plans to further diversify its offerings across various price points to meet the evolving needs of customers.
OYO’s Adjusted Gross Profit margin remained robust at 23.6% in FY24, up slightly from 23.2% in FY23, despite significant additions to its hotel inventory. By March 31, 2024, OYO’s inventory expanded from 12,938 hotels to 18,103. While the new properties are expected to take time to reach their full revenue potential, OYO’s consolidated revenue from operations remained stable at INR 53,887.89 million in FY24, compared to INR 54,639.45 million in FY23.
In FY24, OYO remained focused on maintaining sustainable growth while increasing profitability. A key part of this strategy involved streamlining its cost structure by reducing general and administrative expenses and optimizing marketing spend. OYO successfully reduced its interest outlay by executing a $195 million debt buyback, repurchasing 30% of its outstanding Term Loan B (TLB) due in June 2026. Additionally, OYO aims to refinance its remaining debt to a lower margin over the SOFR, targeting a reduction in the effective interest rate from 14% to 10%. This move is expected to generate annual savings of approximately $15-$17 million and extend the repayment period to 2029.
As OYO expands its global footprint, India remains the core of its operations, with over 70% of its workforce based in the country. India’s domestic tourism sector presents significant opportunities, particularly in the growing spiritual tourism trend. OYO capitalized on this by launching properties in major religious destinations across India. With the middle class expanding and the economy performing well compared to other Asian markets, OYO is well-positioned to benefit from these favorable trends.
Beyond India, OYO experienced growth across key international markets, including Europe, the US, Southeast Asia, and the Middle East. Europe, OYO’s largest vacation rental market, is expected to grow further, particularly through its OVH homes business, which is poised to benefit from robust leisure travel trends in the region. The company has also expanded in the US, operating over 300 properties, while increasing its premium storefronts in Southeast Asia, including Indonesia, Malaysia, and Thailand.
OYO’s success is driven by its commitment to cutting-edge technology. The company has continued investing in machine learning to enhance hotel search and ranking, improve hotel recommendations, predict potential customer escalations, and introduce faster payment options. This focus on technology strengthens OYO’s ability to provide seamless experiences for its users.
In FY24, OYO also emphasized its company-serviced hotels, which are leased and operated by trusted partners to ensure consistently premium experiences for guests. This initiative has expanded beyond India, with additions to the company-serviced portfolio in Southeast Asia and the Middle East.
Looking ahead, OYO is committed to enhancing profitability and driving revenue growth by focusing on technology, expanding its company-serviced hotel portfolio, curating premium experiences, and strengthening its presence in high-potential markets like the US. Building on the success achieved in FY24, OYO aims to deliver continued improvements in the next financial year.
| Paticulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|
| Income | ||||||
| Revenue from contract with customers | 53,887.89 | 54,639.45 | 47,813.61 | 39,616.49 | 1,31,681.52 | 63,297.36 |
| Other income | 1,527.96 | 1,377.59 | 1,233.82 | 1,957.37 | 2,451.16 | 1,887.21 |
| Total income | 55,415.85 | 56,017.04 | 49,052.14 | 41,573.86 | 1,34,132.68 | 65,184.57 |
| Expenses | ||||||
| Operating expenses | 28,854.41 | 31,372.76 | 28,738.22 | 27,727.03 | 97,377.77 | 53,726.28 |
| Employee benefits expense | 7,443.82 | 15,488.40 | 18,617.78 | 17,421.21 | 47,652.89 | 14,899.34 |
| Finance costs | 8,438.18 | 6,815.80 | 7,457.10 | 5,599.42 | 7,411.55 | 1,111.66 |
| Depreciation and amortization expense | 2,003.46 | 2,802.85 | ||||
| Other expenses | 10,517.95 | 11,517.14 | ||||
| Total expenses | 57,257.82 | 67,996.95 | 69,853.21 | 69,360.75 | 2,28,001.20 | 88,094.28 |
| Loss before tax and exceptional items | (1,740.57) | (11,808.74) | (20,912.89) | (40,347.20) | (1,11,218.33) | (22,904.71) |
| Profit/(Loss) for the year | 2,295.79 | (12,865.18) | (21,416.62) | (41,022.80) | (1,10,797.88) | (22,943.05) |
| EPS (In INR) | 0.36 | (1.93) | (3.51) | (5.61) | (20.43) | (3.85) |
*Rates mentioned in the chart are indicative.
The trend indicator above has been derived from the current demand/supply of Oyo Unlisted Shares. The trend has a tendency to change anytime depending on the market conditions and other events. This indicator must not be construed as any recommendation to buy/sell/hold.
Number of Shares: Approx. 6,61,43,46,404 shares after considering conversion of preference shares (As per Oyo Extra Ordinary General Meeting Notice)
Market Cap Scenarios:
At 40 Rs/Share, Oyo Unlisted Shares values the company at approx. Rs. 26,457 crores.
This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of Oyo unlisted shares.
At 50 Rs/Share, Oyo Unlisted Shares values the company at approx. Rs. 33,071 crores.
This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of Oyo unlisted shares.
At 60 Rs/Share, Oyo Unlisted Shares values the company at approx. Rs. 39,686 crores.
This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of Oyo unlisted shares.
No Listed/Unlisted Peers found for OYO (Oravel Stays)
OYO Dividend:
No information found for OYO Rights Issue
No information found for OYO Buyback
No information found for OYO Face value Split
Process of Buying Oyo Unlisted Shares
Get connected with us and inquire for the Oyo Unlisted Shares
We will quote the current prevailing market rates of the Oyo Unlisted Shares (Subject to availability)
If you agree on the rate and quantity, we will send our bank details. (Please note, we accept payment only through bank)
Buyer transfers the fund in our bank account and buyer also need to send their demat details (for initiating share transfer process)
Post receiving funds and demat details, we initiate transfer of Oyo unlisted shares. The shares usually gets transferred on same/next working day in your demat account
For detailed buying process, refer here
The minimum lot size for investing in Oyo Unlisted Shares is 200 Shares
The Lock-in period for Oyo Unlisted Shares will be Six Months. The Lock-in period starts from the date of IPO allotment
As per the SEBI guidelines, lock-in period for Pre IPO shares is six months. The lock-in period starts from the date of allotment of IPO. During the lock-in period, the shares remain in your account but are marked as locked. After six months, the shares automatically gets unlocked and one can sell it normally on stock exchanges like any other listed shares
Yes, buying Oyo Unlisted Shares is completely legal
You can regularly check the updated price of Oyo Unlisted Shares at our Website and on our Telegram Channel
The IPO of Oyo can be expected in very short term. The company has already filed its IPO DRHP with SEBI
At Unlisted Arena, you can buy Oyo Unlisted Shares and many such Pre IPO Shares easily at most reasonable rates with a hassle-free process. Unlisted Arena is India’s leading dealer in Unlisted & Pre IPO Shares
You can sell Oyo Unlisted Shares:
Before IPO: You can sell Oyo Unlisted Shares before IPO too. You need to have a buyer for this shares. We can also help you to liquidate your holdings of unlisted shares.
After IPO: Once the lock-in period is complete, you can sell the shares on stock exchanges(NSE/BSE) just like any other listed shares
There are two methods to transfer Oyo Unlisted Shares
Method 1 – Offline Transfer
In this method, you must have a Delivery Instruction Slip (DIS) book which is provided by your broker. All the demat broking companies have its own DIS book. Along with DIS, there is an annexure which is to be submitted by the seller. Annexure too is provided by the demat broking company. After filing DIS and annexure, duly signed by the seller, they are to be handed over to your respective broker. Post that, your broker will process the request and transfer the shares as per details provided
Method 2 – Online Transfer
One can also transfer shares online through E-DIS/Off Market share transfer. The client must check with their respective brokers if they provide such facility. One can also transfer shares through CDSL easiest (for CDSL Demat) and NSDL Speed-E (For NSDL Demat) after registering into it
Yes, Oyo Unlisted Shares are in demat form just like listed shares. You can buy and store them in your demat account. Like listed shares, Unlisted Shares also have their ISIN code so that you can verify the authenticity of shares
Once the process is complete, Oyo Unlisted Shares will reflect in your demat account. The shares usually gets reflected in your Depository holdings (DP Holdings). You can check it in your stock brokers app/website. The shares are also shown on your DP transactions and holding statement.
You can also check your holdings in the following:
If you have CDSL Demat Account – CDSL Myeasi app
If you have NSDL Demat Account – NSDL Speed-E
Many investors do ask ‘How to buy Oyo Unlisted Shares in Zerodha, Angel One, Upstox, etc?’
You can buy Oyo Unlisted Shares in any demat account with any broking company
When it comes to delivery of unlisted shares- Be assured as Unlisted Arena is the fastest in delivering shares. Once the process is completed, we usually deliver the shares on same day or the next working day. i.e T day or (T+1) working day
Short Term Capital Gains Tax: If unlisted shares are sold in 24 months or less, gains from such sale are taxed at the slab rate
Long Term Capital Gains Tax: If unlisted shares are sold after holding for more than 24 months, gains on such sale will be taxed at 20% after indexation
Tax on Capital Gains on Unlisted Shares that are sold after getting listed: The tax rates will be the same as that on purchase and sale of listed shares.
That is, the long-term gains (shares sold after holding for more than one year) will be taxed at 10% after a threshold of ₹ 1 lakh per financial year.
Short-term gains (gains on selling shares in one year or less) will be taxed at 15%
For listed shares, there are numerous applications and website which shows the market capitalization of shares. But no need to worry, we have included market capitalization scenarios on our website which shows market cap/valuations of the company based on prevailing Unlisted Shares rates. In addition, we have also mentioned total number of shares so that you can easily calculate current market cap quickly without putting much efforts. Click here to see the valuations of Oyo Pre IPO shares
Quick tip: Market Cap= Total Outstanding shares x Price per share
You can easily check latest developments, news related to Oyo Unlisted Shares on our website without any sign up or login. Click here to know about latest news and happenings
Unlisted Arena is a prominent name which facilitates Unlisted Shares & Pre IPO Shares safely and securely. All the transactions are done through bank accounts where no third parties are involved. Unlisted Arena always quotes transparent rates and is also known for its fastest delivery of Unlisted Shares and Pre IPO Shares. Unlisted Arena gets featured regularly in India’s top most financial publications. You can check media coverage of Unlisted Arena here
Oyo is a Pre IPO company. OYO has plans to get its stock listed on stock exchanges. For that purpose, OYO (Oravel Stays) has already filed its IPO DRHP with SEBI
Yes, NRIs can also buy and sell Oyo Unlisted Shares just like domestic investors. But their investment is on a non-repatriable basis
Like any listed shares, Unlisted Shares price is also determined by demand-supply of Unlisted Shares. Higher the demand, higher the price and vice-versa. The rates of Unlisted Shares are also derived from its performance, corporate actions such as declaration of results, bonus, dividend, etc. Another important aspect is share price/valuation of its listed peer. If the listed business is identical, unlisted companies share price/valuation will too be in similar fashion
At Unlisted Arena, we charge Zero Brokerage/Charges. The rates quoted by us are- net rates, i.e., you do not need to pay any brokerage or charges
One can buy Oyo Unlisted Shares in any demat account – no matter with which broker you have a demat account. There is no need for separate/special demat account for buying Unlisted Shares
Unlisted Arena sources Oyo Unlisted Shares from existing investors looking to liquidate their investment
Yes, you are eligible to get dividend, bonus and/or any other corporate actions declared by the company. You need to hold the Unlisted Shares in your demat account on the record date declared by the company to be eligible for such corporate actions
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