OYO is once again preparing for its much-awaited stock market debut, with the company planning to launch its initial public offering (IPO) within the current financial year. Founder and CEO Ritesh Agarwal recently indicated at the Global Fintech Fest 2026 that OYO intends to launch the IPO soon, bringing the company’s public listing plans back into focus after several delays.

The proposed IPO is expected to be around ₹6,650 crore. A substantial portion of the issue proceeds is proposed to be used to reduce the company’s debt burden. According to the filing, around ₹4,987 crore, accounting for nearly 77% of the total issue proceeds, will be used to repay or prepay outstanding borrowings.

OYO has also reported an improvement in its operating performance. For the nine months ended December 31, 2025 (9MFY26), the company reported revenue of ₹6,940 crore, compared with ₹6,252 crore in FY25, registering growth of around 11%.

The company’s operating footprint has also remained significant. As of December 31, 2025, OYO operated 293,554 storefronts across hotels and vacation rentals in multiple international markets.

OYO’s IPO plans have faced several delays over the past few years as the company worked on its financial performance and preparations for a public listing. The latest comments from Ritesh Agarwal indicate that the company is targeting an IPO launch within FY27.

Ahead of the proposed listing, OYO unlisted shares are currently trading at around ₹24.50 per share, at a market capitalisation of around ₹38,881 crore, with a price-to-earnings (P/E) ratio of around 38x.