OYO IPO soon? Company plans November DRHP filing, aims for $7–8 billion valuation for its offering

OYO is preparing to file its DRHP in November, aiming for a $7-8 billion IPO valuation, approximately 25-30 times its EBITDA. SoftBank, a major shareholder, is confident after gauging market sentiment and plans to highlight OYO's strong Q1 performance. The company is also considering a new parent brand identity and a separate app for its premium hotels.