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SoftBank-Backed OYO revives plans for IPO, reports first EBITDA positive quarter

  • OYO IPO may come in early 2023

  • Sales growth picking up, losses shrinking as pandemic eases

  • Startup files fresh documents with SEBI


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.

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