OYO Unlisted Share Price Today – Oravel Stays Limited

Oravel Stays Limited is the legal issuer of the equity shares commonly searched for as OYO shares. During FY2026, the group adopted PRISM as its corporate identity for a broader multi-brand portfolio, while OYO continued as a consumer-facing hospitality brand.

The company converted from a private company to a public limited company in September 2021. It nevertheless remains unlisted, which means its shares do not have a live NSE or BSE order book or exchange-discovered market price.

Investors can buy or sell OYO unlisted shares through an off-market demat transaction, subject to a confirmed price, quantity and counterparty availability.

This page covers the security being offered, FY2026 audited financial performance, indicative valuation, IPO status, company-specific risks and the Unlisted Valley transaction process.

Company at a Glance

Sources: Oravel Stays Limited FY2026 Annual Report dated 31 July 2026; SEBI UDRHP-I dated 29 June 2026; Unlisted Valley transaction data dated 15 September 2026.

What Oravel Stays Limited Does

Oravel Stays operates a technology-enabled platform connecting hotel and home owners or operators with travellers. The group provides services such as branding, online distribution, reservations, pricing and revenue-management tools, technology and operational support.

Its portfolio spans hotels, vacation homes, premium hospitality, extended-stay accommodation and hospitality technology. At 31 March 2026, the group reported 22,769 hotel storefronts excluding G6, 138,250 homes storefronts, 137,258 listings storefronts and 1,571 G6 storefronts.

The group reported FY2026 gross booking value, or GBV, of ₹30,683.23 crore. GBV represents the total value of bookings made through the platform before cancellations and the amounts retained by property owners or other participants; it should not be confused with the group's revenue.

OYO Financial Performance in FY2026

Oravel Stays reported higher revenue, gross profit, company-defined EBITDA and operating cash flow in FY2026. It also moved from a loss before tax in FY2025 to a profit before tax in FY2026.

Audited Consolidated Financials

Source: Oravel Stays Limited FY2026 Annual Report, dated 31 July 2026. Figures are audited and consolidated. FY2025 EPS was adjusted for the FY2026 bonus issues.

The company-defined EBITDA figure is the measure reported by the Board and should not be treated as identical to every standard EBITDA calculation. An accounting-style construction from the audited profit-and-loss statement produces ₹2,885.07 crore for FY2026 because its treatment of certain items differs.

FY2026 profit after tax was also supported by an income-tax credit of ₹595.25 crore, primarily a deferred-tax credit. Profit before tax was ₹398.93 crore, so the increase in profit after tax should not be attributed only to operating performance.

Balance Sheet and Geographic Exposure

Source: Oravel Stays Limited FY2026 Annual Report, consolidated balance sheet and notes, dated 31 July 2026.

Approximately 83.92% of FY2026 revenue from operations came from outside India. The United States contributed ₹2,554.20 crore, India ₹1,504.32 crore, the United Kingdom ₹527.06 crore and other geographies ₹4,772.41 crore. This makes international demand, regulation, currency movements and acquisition execution relevant to the group's performance.

OYO Valuation and Share-Capital Basis

At the indicative equity price of ₹23 per share, Unlisted Valley displays an indicative fully diluted market capitalisation of approximately ₹36,500.94 crore.

The calculation uses a website-approved, secondary-reported fully diluted-equivalent denominator of 15,869,974,978 shares:

15,869,974,978 × ₹23 ÷ 1 crore = ₹36,500.94 crore

This denominator is not the same as audited issued equity. The FY2026 Board's Report recorded 3,745,994,357 issued, subscribed and paid-up equity shares at its report date, alongside preference securities. The larger valuation denominator reflects a fully diluted-equivalent approach that accounts for potential dilution from convertible or other dilutive securities. The displayed market capitalisation will change whenever the indicative share price or the relevant diluted share count changes.

OYO Shareholding Pattern and Interpretation

The following table presents Oravel Stays Limited's principal shareholders on a pre-issue, fully diluted basis, as disclosed in the June 2026 UDRHP-I:

Source: SEBI filing for Oravel Stays Limited UDRHP-I, dated 29 June 2026. Percentages are pre-issue and on a fully diluted basis.

SVF India was the largest disclosed shareholder at 40.04%. RA Co and Ritesh Agarwal together held 26.71% on the same basis. The shareholding also included institutional and strategic investors such as Lightspeed Venture Partners IX, Airbnb and Peak XV Partners Investments IV.

These percentages describe ownership before the proposed issue; they do not indicate investor sentiment or guarantee the post-issue shareholding pattern. Any fresh issue, pre-IPO placement, conversion or other dilution can change the ownership percentages.

Bonus Issues and Capital Changes

Oravel Stays completed two equity bonus issues during FY2026:

• A 1:1 bonus issue, with 1,736,711,919 equity shares allotted on 9 October 2025.
• A 1:19 bonus issue, with 184,513,724 equity shares allotted on 22 December 2025.

These bonus issues changed the number of shares and the per-share basis. Historical prices, EPS or valuation comparisons must therefore be adjusted or clearly labelled to avoid comparing pre-bonus and post-bonus figures on an inconsistent basis.

Source: Oravel Stays Limited FY2026 Annual Report, Board's Report.

Recent Business Developments

G6 Hospitality, acquired in FY2025, contributed a full year to the group in FY2026. The business reported GBV of ₹14,107.13 crore and ended the year with 1,571 storefronts, including 70 net additions during FY2026.

The group completed its acquisition of MadeComfy's holding company, Key Flickers Pty Ltd, on 3 July 2025. The annual report recorded purchase consideration of ₹277.88 crore. From acquisition through 31 March 2026, MadeComfy contributed ₹109.26 crore of revenue and ₹7.84 crore of profit before tax. Parts of the acquisition accounting remained provisional at the reporting date.

Source: Oravel Stays Limited FY2026 Annual Report, Board's Report and Note 51.

OYO IPO and Listing Status

Oravel Stays Limited filed UDRHP-I dated 29 June 2026 for a proposed IPO and listing of its equity shares on NSE and BSE. The filing proposes a fresh issue of up to ₹6,650 crore and allows a possible pre-IPO placement of up to ₹1,330 crore, which would reduce the fresh issue if completed.

The proposed use of proceeds includes ₹4,987.5 crore for investment in Oravel Stays Singapore Pte. Ltd. to repay or prepay specified borrowings, including applicable interest and prepayment costs. These are proposed uses and should not be described as completed debt repayment.

At the research cutoff, the UDRHP-I did not establish a final IPO price band, offer opening date, listing date or listing price. The current OYO unlisted share price is also not an IPO grey-market premium or an official IPO price.

Read the latest OYO IPO update for detailed filing and timeline coverage.

Source: SEBI filing for Oravel Stays Limited UDRHP-I, published 30 June 2026.

Risks of Investing in OYO Unlisted Shares

Liquidity and Price Discovery

OYO shares are unlisted, so quotes can differ between transactions and providers. An investor may not be able to sell immediately or at the earlier purchase price. Quantity, demand, available buyers and settlement terms can affect the executable price.

Borrowings, Leases and Acquisition Execution

The group carried material borrowings and lease liabilities at 31 March 2026. Although its model is described as predominantly asset-light, asset-light does not mean the absence of lease commitments or financing obligations.

The group is also integrating acquired businesses across different markets. Delays, higher costs or weaker-than-expected performance from those integrations could affect consolidated results. MadeComfy's purchase-price allocation was still subject to measurement-period adjustments at the reporting date.

International Operations

The group's high share of revenue outside India means results can be affected by travel demand, local regulations and currency translation across multiple countries. This is an inference from the disclosed geographic revenue mix, not a statement that a specific loss has occurred.

Zostel and Competition-Law Proceedings

The Delhi High Court set aside the earlier arbitral award in the Zostel matter and dismissed Zostel's enforcement petition on 13 May 2025. Zostel subsequently pursued appellate remedies. The UDRHP continues to disclose the risk that an adverse outcome could involve shares representing up to 7% of Oravel's shareholding or an equivalent monetary amount. A separate application withdrawn in August 2026 did not by itself resolve the substantive appeal.

The FY2026 Annual Report also records an aggregate ₹168.80 crore CCI penalty imposed in October 2022 on Oravel Stays Limited and OYO Hotels and Homes Private Limited in relation to an alleged anti-competitive arrangement involving MakeMyTrip and Ibibo. The companies appealed to NCLAT, and the demand was stayed subject to a 10% deposit. A later post-hearing outcome was not identified in the verified sources reviewed.

These descriptions record pending or appealed proceedings. They do not convert allegations, risk disclosures or disputed orders into final findings beyond their verified procedural status.

Promoter-Entity Pledge

The UDRHP states that 100% of promoter RA Co's share capital is pledged to a lender under financing arrangements of a promoter-group entity. Enforcement could change RA Co's ownership and potentially affect promoter composition. This is a pledge over RA Co's share capital, not a statement that Oravel Stays pledged all its own equity shares.

For a broader explanation of settlement, liquidity, disclosure and listing risks, read our guide to the risks of investing in unlisted shares.

How to Buy or Sell OYO Unlisted Shares

OYO equity shares can be bought or sold through an off-market demat transfer after the price, quantity, counterparty availability and transaction terms are confirmed.

Buying OYO Unlisted Shares

1. Confirm the live quote and quantity. Share availability and the indicative price must be reconfirmed for each transaction.
2. Complete KYC and demat verification. Provide the required PAN, demat, bank and contact details. The payer and demat-holder details should match.
3. Review the Deal Note. Check the investor name, company, ISIN, price, quantity and total consideration before confirming.
4. Make payment under the confirmed terms. Payment or written confirmation locks the transaction only according to the agreed Deal Note.
5. Receive the shares. The equity shares are transferred off-market to the investor's NSDL or CDSL demat account.
6. Retain the records. Unlisted Valley provides the applicable invoice and transfer acknowledgement after completion.

Unlisted Valley targets same-day transfer when payment is received before 4 PM. Where payment is received later, the target is within 24 hours or the next working day. This is an operational target, not a guaranteed settlement deadline; verification or depository issues can cause delays.

Selling OYO Unlisted Shares

To sell, first confirm the number of equity shares held under ISIN INE561T01021. Unlisted Valley then provides a separate purchase quote based on quantity, prevailing demand and buyer availability. The sell price should not be assumed to equal the price shown for an investor purchasing shares.

No company approval, right of first refusal, or ROFR, or other company-specific transfer restriction is required based on Unlisted Valley's current operational experience. A ROFR would give an existing party the first opportunity to buy shares before they are transferred to another buyer. Normal KYC, demat and transaction checks still apply.

Final Thoughts

Oravel Stays reported stronger FY2026 revenue, company-defined EBITDA, operating cash flow and profitability, while continuing to expand and integrate an international hospitality portfolio. Its high overseas revenue contribution, borrowings, lease liabilities, acquisition execution and ongoing legal or regulatory proceedings remain relevant when evaluating the shares.

OYO equity shares are still unlisted. Investors should distinguish an indicative off-market quote from an exchange price or future IPO price and independently assess the company's financial position, valuation, liquidity and transaction terms before proceeding.

Important Disclosure

Unlisted Valley facilitates the buying and selling of unlisted shares, including Oravel Stays Limited. As a platform with a commercial interest in these transactions, we aim to provide balanced, factually sourced information to help investors make independent decisions.

Indicative prices, share availability and transaction terms may change based on market conditions. Information presented on this page is for educational and informational purposes only and should not be considered investment advice, a guarantee of returns or a recommendation to buy or sell shares.

Investors should independently evaluate the company's financial performance, valuation, business prospects, liquidity and associated risks before making an investment decision.