 "OYO Hotels & Homes")
The initial public offering (IPO) of Oravel Stays, parent to hospitality chain Oyo Hotels, may now hit the market by the last quarter of this calendar year, following the direction of the Securities and Exchange Board of India (Sebi) to re-file its draft red herring prospectus (DRHP) with revisions, said sources.
The markets regulator said on its website on Tuesday that it returned the offer document on December 30, 2022 with an advice to re-file with applicable updates and revisions.
“The earlier plan was to launch the IPO between April-July of 2023 but now there might be delays, owing to
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