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Softbank-Backed Oravel Updates Filing for $703 Million India IPO

Softbank-Backed Oravel Updates Filing for $703 Million India IPO
Bloomberg Markets Tuesday 30 June 2026, 05:58 UTC By Rajesh Mascarenhas 1 min read
Key Points

Softbank-Backed Oravel Updates Filing for $703 Million India IPO Oravel Stays Ltd., the parent of travel platform OYO, filed updated paperwork for an initial public offering to raise as much as 66.5 billion rupees ($703 million), reviving one of India’s most closely watched deals. The proposed IPO will consist entirely of new shares, with no offer by existing shareholders, according to a filing with the Securities and Exchange Board of India. The company may also undertake a pre-IPO...

Softbank-Backed Oravel Updates Filing for $703 Million India IPO Oravel Stays Ltd., the parent of travel platform OYO, filed updated paperwork for an initial public offering to raise as much as 66.5 billion rupees ($703 million), reviving one of India’s most closely watched deals. The proposed IPO will consist entirely of new shares, with no offer by existing shareholders, according to a filing with the Securities and Exchange Board of India. The company may also undertake a pre-IPO placement of up to 13.3 billion rupees, which would reduce the size of the listing.
Softbank (ORG) India (LOCATION) IPO (ORG) the Securities and Exchange Board of India (ORG)
Originally published by Bloomberg Markets Read original →

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