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
OYO has filed preliminary documents for a Rs 8,430 crore initial public offering (IPO). The offering will consist of a fresh issue of shares of up to Rs 7,000 crore and an offer-for-sale of as much as Rs 1,430 crore.