According to insiders, Ola intends to initiate the IPO process by filing requisite papers with the country's market regulator within the next three months. While the sources opted for anonymity due to the confidentiality of the matter, they revealed Ola's ambitious plans to attain a company valuation of approximately USD 5 billion through this offering., Companies News - Times Now
Market sources suggest that the continuous decline in OYO’s valuation is because of ambiguity over its listing because of poor appetite for the stock at prevailing valuations