Oyo set to revive IPO plans amid record profits and controversial new policy

Oyo is back at it again, reviving its IPO plans after two previously aborted attempts. The hospitality giant is gearing up to file its draft red herring prospectus (DRHP) by the end of the first quarter of FY25. This marks the company’s third try to go public, as it looks to cash in on a profitable year and restructuring efforts.