OYO Postpones IPO Plan For Third Time, To Bring Public Offer In March 2026
The OYO IPO delay comes after opposition from its largest shareholder SoftBank on the October 2025 listing plan amid market volatility.
Oyo Hotels has postponed its third attempt to launch IPO, Bloomberg reported on Friday. According to the report, the budget hotel chain now plans to bring its IPO in March 2026, as against October 2025 planned earlier.
The OYO IPO delay comes after opposition from its largest shareholder SoftBank on the October 2025 listing plan amid market volatility. The company now aims to list by March 2026 at a valuation of $7 billion, according to Bloomberg.
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The Ritesh Agarwal-led hotels aggregator was planning to launch an initial public offering later this year. However, early investor SoftBank has disagreed with the plan, asking the company to put off the public offer till its earnings are strong, the report said citing sources.
India’s blue-chip Nifty 50 is up about 3% this year, but remains some over 7% lower than the all-time high it hit in October last year.
Last week, LG Electronics’ Indian unit decided to postpone its IPO by a few quarters, Reuters reported, while e-scooter maker Ather Energy downsized its IPO and slashed its valuation by half amid the market volatility.
Oyo founder Ritesh Agarwal had urged for a quick IPO to meet conditions related to a restructured $2.2 billion loan he secured in 2019 for raising his stake in the company, the report said.
The loan, personally guaranteed by SoftBank founder Masayoshi Son, had a payment deadline for the first installment in December, with lenders indicating they may extend the repayment timeline if Oyo is listed this year.
However, SoftBank may help Agarwal get an extension on the loan in exchange for delaying the IPO, the report added.
Oyo had filed to go public for the first time in 2021, and was seeking a valuation of up to $12 billion. It renewed its plans in March 2023 by confidentially filing its papers with the SEBI, before delaying the issue last May.
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