IPO

Oravel Stays Ltd

Registered Office : Ground Flr-1 Mauryansh Shyamal,Cross Rd Nr Parekh Hospital,Ahmedabad Gujarat 380015 Phone : 91-079-41005020
Fax :

Email : investors@oyorooms.com

Website : www.oyorooms.com

Initial public offering of up to [*] equity shares of face value of Rs. 1 each (the "Equity Shares") of Oravel Stays Limited (the "Company"or the "Company" or the "Issuer") for cash at a price of Rs. [*] per equity share (including a premium of Rs. [*] per equity share) (the "Issue Price") byway of a fresh issue aggregating up to Rs. 6650.00 Crores (the "Issue"). The company, in consultation with the brlms, may consider a further issue of specified securities, as may be permitted under the applicable law, aggregating up to Rs. 1330.00 Crores prior to filing of the red herring prospectus with the roc. The pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with rule19(2)(b) of the scrr. The pre-ipo placement shall not exceed 20% of the size of the fresh issue. The utilisation of the proceeds raised pursuant to the pre-ipo placement will be done towards the proposed objects of the issue in compliance with applicable law. Prior to the completion of the issue, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the issue or the issue may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken) shall be appropriately made in the relevant sections of the rhp and prospectus. The issue includes a reservation of up to [*] equity shares of face value of Rs. 1 each, aggregating up to Rs. [*] Crores (constituting upto [*]% of the post-issue paid-up equity share capital), for subscription by eligible employees ("Employee Reservation Portion"). The issue less the employee reservation portion is hereinafter referred to as the "Net Issue". The issue and the net issue shall constitute [*]% and [*]%, respectively of the post-issue paid-up equity share capital of the company, respectively. The company, may in consultation with the brlms, offer a discount of Rs. [*] on the issue price to eligible employees bidding in the employee reservation portion("Employee Discount"). The face value of the equity shares is Rs. 1 each and the issue price is [*] times the face value of the equity shares, the employee discount, if any, to the eligible employees bidding in the employee reservation portion, the price band and the minimum bid lot will be decided by the company.