OYO may reconsider its IPO size

OYO hotels and homes is soon going to make its debut in the Indian Stock Markets. According to the latest reports, before its debut, there is some news which indicates that Oyo is planning to significantly reduce its Initial Public Offering (IPO) size. One of the reasons behind this could be the adverse market conditions prevalent in the market right now. Also lately crashes in new-age tech startups, don’t provide favorable conditions to OYO to launch its IPO at the current size. Subsequently, the valuation at which the IPO was decided to launch, would decrease as well. A banker, on condition of anonymity, said: “At the current market conditions, it’s tough for companies like Oyo to raise funds at the valuations decided earlier, they are willing to reduce the issue size, but other decisions like changes to DRHP, launch date, will be decided once SEBI gives its observation”.