Oyo Rooms IPO: Key things to know

Hospitality firm OYO Rooms has filed a draft red herring prospectus (DRHP) with capital market regulator SEBI to raise Rs 8,430 crore by floating an initial public offering (IPO).

Oyo, launched in 2013 by Ritesh Agarwal, is the latest among a clutch of tech-focused companies to tap a booming Indian IPO market, which has seen about 30 firms seeking a market listing this year including food delivery player Zomato, Ant Group-backed Paytm and TPG-backed e-commerce beauty firm Nykaa.