OYO to file documents for IPO again by February 15

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Earlier this month, capital markets regulator Sebi had asked the company to re-file the draft initial public offering (IPO) with some new information.

New Delhi. Oravel Stages Ltd, the operating company of hotel business startup Oyo, on Wednesday said it will re-file its draft application for an IPO by the middle of next month. Earlier this month, capital markets regulator Sebi had asked the company to re-file the draft initial public offering (IPO) with some new information.

The company said, we are working on updating all the major segments simultaneously. This work is divided between different parties. Senior executives of the company are working closely with the book running lead manager, IPO bankers, lawyers and auditors. Company spokesperson said, we are preparing to re-submit the draft red herring prospectus (DRHP) by mid-February 2023.

Disclaimer:Prabhasakshi has not edited this news. This news has been published from PTI-language feed.



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