Oravel Stay Limited is coming up with an ipo to raise about 8430 Crores. The ipo offer is a combination of fresh issue(7000Cr.) and offer for sale(1430Cr.).
Funds received through the fresh issue will be utilized for prepayment or repayment of the company's borrowings, growth initiatives, and remaining will be used for general corporate purposes.
About Company Business
The business of the company revolves mainly around helping hotels and homestays to share their brand goodwill, increase their revenue and simplify their operations by providing them required technology and best services.
Another aim is to provide the customers affordable and convenient accommodations seamlessly through their digital form.
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Open Date | To be announced |
Close Date | To be announced |
Allotment Date | To be announced |
Initiation of Refunds | To be announced |
Credit of Shares to Demat Account | To be announced |
Listing Date | To be announced |
Minimum Lot Size | 1 |
Maximum Lot Size | To be announced |
QIBs | 75% |
Non Institutional Investors | 15% |
Retail Investors | 10% |
First, you need to visit the IPO section on our website.
Then, click on the 'IPO Listing' option to view the IPO.
Open the OYO IPO by tapping on it.
You will see an option to subscribe that you need to click on.
Now that you can see the IPO details, you must enter details like cut-off price, number of lots, and UPI ID.
Next, verify your details and select the 'Subscribe' option to complete the bidding.
You have completed your bidding for the OYO IPO. Log in and go to the 'IPO Transactions' section to track your allotment status.