ORAVEL STAYS LIMITED (Oyo Unlisted Shares)
Oravel Stays Limited is the parent company of OYO, rebranded as PRISM in September 2025. Founded by Ritesh Agarwal, it operates an asset-light travel technology platform — a single booking system, pricing engine and app stack layered over hotels and homes it largely does not own.
The group runs four verticals across 35+ countries: G6 Hospitality (1,571 Motel 6 and Studio 6 properties in the US, acquired in December 2024), hotels (22,769 storefronts under OYO, Townhouse, Palette and Sunday), homes (138,250 European and Australian vacation rentals under Belvilla, DanCenter and CheckMyGuest), and a listings subscription business. Most contracts are now management agreements where the property owner supplies the capital, replacing the minimum-guarantee model that drove OYO’s earlier losses.
In FY26, revenue from operations rose 49.7% to ₹9,358 crore and gross booking value rose 88.5% to ₹30,683 crore. EBITDA margin improved from 17.3% to 27.7%, and operating cash flow jumped from ₹321 crore to ₹2,511 crore. Reported profit after tax was ₹994 crore — though profit before tax was ₹399 crore, with the difference coming from a one-time ₹595 crore deferred tax credit. The company carries ₹7,810 crore of borrowings, largely a USD 830 million term loan raised for the G6 acquisition.
Oravel Stays filed an Updated DRHP with SEBI on 29 June 2026 for a fresh issue of up to ₹6,650 crore, and has in-principle listing approval from BSE and NSE. Until then, OYO shares trade in the unlisted market.
|
Metric |
Value |
|
Company Name |
ORAVEL STAYS LIMITED (Oyo) |
|
Unlisted Share Price |
₹24.5 |
|
RTA |
LINK INTIME |
|
Lot Size |
1000 Shares |
|
52 Week High |
₹55 |
|
52 Week Low |
₹23 |
|
P/E Ratio |
153.13 |
|
P/B Ratio |
9.72 |
|
Debt to Equity Ratio |
1.89 |
|
Return on Equity (ROE) |
6.47% |
|
Book Value |
₹2.52 |
|
Face Value |
₹1 |
|
Total Shares |
14,01,31,10,522 |
|
Market Cap |
₹36,882 Crores |
|
Depository |
NSDL & CDSL |
|
ISIN Number |
INE561T01021 |
Unlisted shares are company shares that are not traded on stock exchanges like NSE or BSE. They are usually owned by founders, early investors, employees, or private funds. These shares are bought and sold through private deals, brokers, or regulated platforms.
Pre-IPO shares are shares bought before a company gets listed on the stock exchange. They allow investors to enter early, often at lower valuations than the IPO price. If the IPO performs well, early investors may see strong returns once the stock starts trading. They also offer exposure to high-growth startups and exclusive opportunities not open to regular retail investors.
Unlisted shares give investors the chance to invest in young or fast-growing companies before they enter the stock market, often with higher upside potential. They can deliver better returns than listed stocks if the company scales, gets acquired, or goes public successfully. Such investments also help diversify a portfolio beyond public market cycles, and in some cases, investors may benefit from favorable valuations, special allocations, or strategic stakes in promising businesses.
If a company never lists, your shares stay privately held and there is no guaranteed public market to sell them. In such cases, liquidity depends on secondary buyers, private deals, company buybacks, or mergers and acquisitions. Some firms allow limited exits through buyback programs or employee share sales, but these are not assured. Ultimately, your returns depend on the company’s performance and the exit options available.
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You can view your holdings using the ISIN number associated with the company.
If you face any difficulty, you can contact your respective demat account’s customer care, and they will assist you with the details.
The lock-in period for unlisted shares is usually 6 months after the company gets listed on the stock exchange.
Before listing, you can sell them anytime through off-market transfer, as there’s no fixed lock-in period while they remain unlisted.
Yes—you can invest even if you are not a regular investor, but it’s important to understand the basics and risks first. Use regulated brokers or platforms that handle KYC, escrow, and legal documentation. Start with a small amount, treat it as high-risk capital, and avoid putting too much of your savings into it. If unsure, consider professional advice or co-investing with experienced investors. Keep in mind that unlisted shares may not provide quick liquidity or low volatility.
The minimum investment in unlisted shares varies by company, seller, and platform—there’s no fixed amount. Some online or fractional platforms let you invest small amounts, while direct private deals usually need larger sums. Transaction costs like broker fees, stamp duty, and approvals can increase the required cash. Always check the lot size, platform minimums, and all costs before investing. Even small investments carry the same risks and limited liquidity as larger ones.
Returns from unlisted shares can vary greatly and are not guaranteed. Successful pre-IPO or growth-stage investments may deliver multiples of the invested capital over several years, but many deals provide modest returns or may fail. Illiquidity means it could take years to realize gains, and interim valuations are often uncertain or based on private negotiations. Diversifying across multiple deals helps reduce the impact of any single failure. Be cautious of promises of overly high returns.
Typical sellers of unlisted shares include founders, early investors, employees (through ESOPs), angel investors, and venture capital or private equity funds looking to exit or rebalance. Companies may also run buybacks or liquidity programs for stakeholders. Shares are sold via secondary brokers, private negotiations, or regulated secondary platforms. Large shareholders may sell during follow-on funding rounds or strategic exits. Always verify the seller, chain of ownership, and any board approvals required, and use escrow, proper documentation, and verified platforms to reduce fraud risk.
Unlisted shares are usually riskier than listed stocks due to lower regulatory oversight, limited public information, and low market liquidity. Their safety depends on the company’s business model, governance, financial health, and proper legal documentation. Conducting thorough due diligence, independent verification, and using regulated brokers or platforms with escrow and verified processes can reduce risk. Be cautious of red flags like unclear ownership, legal issues, or unrealistic growth claims, and never invest money you can’t afford to lock in for a set period.
