<p>New Delhi: Global travel tech platform <a href="https://www.deccanherald.com/tags/oyo">OYO</a> has started discussions with bankers for a fresh attempt at IPO, targeting a listing in the last quarter of the current financial year, sources said.</p>.<p>Preliminary discussions with investment banks have indicated a potential valuation range of $6-7 billion for the public offering.</p>.<p>The company started informal discussions last month and is now calling for pitches, according to a person familiar with the development.</p>.<p>"The company is engaging with both Indian and international banking institutions with plans to potentially file the DRHP documents between Aug-Sept this year. It is yet to decide whether to file with FY25 financial results or wait till the Q1 FY26 financials are audited and ready for filing," sources told <em>PTI</em>.</p>.Groww files for IPO worth up to $1 billion.<p>"The Board and all shareholders, including SoftBank, are keen for the company to actively evaluate filing an IPO application in the near future due to the swift business turnaround with an estimated Rs 620 crore net profit in FY25," said a source close to the development.</p>.<p>The renewed IPO push comes after OYO had previously filed and refiled its draft papers with the Securities and Exchange Board of India (SEBI) in 2021, seeking to raise Rs 8,430 crore through a public offering.</p>.<p>The company finally withdrew those papers in May 2024.</p>.<p>In the recent past, OYO has streamlined its global operations while strengthening its presence in key markets including India, the US, Europe & Southeast Asia.</p>.<p>Sources indicated that the company's improved financial metrics and operational efficiency have renewed investor confidence, prompting the fresh attempt at going public.</p>
<p>New Delhi: Global travel tech platform <a href="https://www.deccanherald.com/tags/oyo">OYO</a> has started discussions with bankers for a fresh attempt at IPO, targeting a listing in the last quarter of the current financial year, sources said.</p>.<p>Preliminary discussions with investment banks have indicated a potential valuation range of $6-7 billion for the public offering.</p>.<p>The company started informal discussions last month and is now calling for pitches, according to a person familiar with the development.</p>.<p>"The company is engaging with both Indian and international banking institutions with plans to potentially file the DRHP documents between Aug-Sept this year. It is yet to decide whether to file with FY25 financial results or wait till the Q1 FY26 financials are audited and ready for filing," sources told <em>PTI</em>.</p>.Groww files for IPO worth up to $1 billion.<p>"The Board and all shareholders, including SoftBank, are keen for the company to actively evaluate filing an IPO application in the near future due to the swift business turnaround with an estimated Rs 620 crore net profit in FY25," said a source close to the development.</p>.<p>The renewed IPO push comes after OYO had previously filed and refiled its draft papers with the Securities and Exchange Board of India (SEBI) in 2021, seeking to raise Rs 8,430 crore through a public offering.</p>.<p>The company finally withdrew those papers in May 2024.</p>.<p>In the recent past, OYO has streamlined its global operations while strengthening its presence in key markets including India, the US, Europe & Southeast Asia.</p>.<p>Sources indicated that the company's improved financial metrics and operational efficiency have renewed investor confidence, prompting the fresh attempt at going public.</p>