SoftBank-Backed OYO revives plans for IPO, reports first EBITDA positive quarter
- redlionscapital
- Sep 19, 2022
- 1 min read
OYO IPO may come in early 2023
Sales growth picking up, losses shrinking as pandemic eases
Startup files fresh documents with SEBI
Details:
OYO filed the addendum to the draft red herring prospectus (DRHP) on September 19 for its initial public offering.
OYO disclosed its latest financials in an IPO filing addendum — showing rebound in sales and narrower losses:
OYO reports its first EBITDA positive quarter;
The company's adjusted gross profit margin improved from 9.7% in fiscal 2020 to 33.2% in fiscal 2021;
Reported loss for the year of 2022 nearly halved from the previous 12 months.
https://www.bloomberg.com/news/articles/2022-09-19/softbank-backed-oyo-seeks-to-resurrect-ipo-after-growth-resumes
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