OYO is officially moving into its next big phase — public listing preparation. After multiple rounds of restructuring and stabilising operations, the company has now started reshaping its capital structure and equity distribution to align with IPO requirements. The latest developments clearly indicate that OYO is gearing up for the markets and tightening its corporate framework to match listed-entity standards.
A) IPO Roadmap: Fundraising and Public Market Strategy
OYO has proposed raising up to ₹6,650 crore through a fresh equity issue as part of its Initial Public Offering. Once the IPO is cleared, the shares will be listed on both NSE and BSE, marking a highly anticipated stock market debut from one of India’s largest hospitality and travel tech brands.
Pricing of the issue will follow the book-building method, allowing flexibility for anchor investors, employees, and institutional participation. The company also has the option of retaining up to 1% oversubscription and may consider a pre-IPO placement, which could reduce the size of the final public issue.
After listing, the newly issued shares will hold equal rights to existing equity, whereas all pre-IPO shares will remain under a six-month lock-in, ensuring compliance and offering confidence to public investors.
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B) Capital Structure Expansion Before Listing
To facilitate the upcoming IPO and future equity issuances, OYO has updated its authorised share capital.
Authorised capital increased from ₹24,31 crore to ₹24,91 crore
Total equity share count (Face value ₹1) increased from 1,700 crore to 1,760 crore shares
What stands out is that the preference share structure remains untouched. These preference shares, issued in earlier fundraising rounds, will continue until conversion — a step expected shortly before the IPO to simplify the cap table.
This restructuring ensures that new equity can be issued smoothly during the public offering without altering the economic rights of older shareholders.
C) Bonus Issue: Rewarding Shareholders Ahead of IPO
OYO has approved a bonus issue in the ratio of 1:19 — one bonus equity share for every nineteen fully paid-up shares held.
📅 Record Date: December 5, 2025
The bonus shares will be allotted from free reserves or securities premium, boosting the equity base and improving liquidity ahead of the IPO.
This corporate action also triggers proportional recalculations across:
ESOP pools
Total number of employee options
Exercise prices of vested and unvested grants
Conversion ratios of all Series A to G preference rounds
The purpose of this alignment is to ensure fairness across all shareholder groups, so no segment is diluted more than others as the company transitions to a public-market structure.
What This Means for the Market
OYO’s recent actions point to a structured, compliant, and investor-friendly path to listing. The combination of bonus shares, capital expansion, and a large fresh issue indicates confidence in the brand’s improved financial stability and scale-up potential.
With OYO joining the list of major tech companies heading toward IPOs, interest in unlisted shares has surged once again. Many investors are tracking valuations now to position themselves early.
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