Oravel Stays Pvt Ltd, which operates hospitality unicorn Oyo Hotels and Homes, has filed for a ₹8,430 crore ($1.1bn) initial public offering (IPO) which will see some of its investors, including Softbank Group, book a partial exit.
The issue will comprise a primary capital raise of around ₹7,000 crore with other investors selling ₹1,430 crore worth of shares.
