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OYO Unlisted Shares
BUY
₹ 22.65
SELL
₹ 23.20
OYO has been in a downtrend trend as its growth has been declining for the past few years. Although it has become such a large company with it having properties internationally, it has been unable to post positive profit margins, constantly giving losses to investors. It also been making lots of acquisitions resulting in decrease in share value.
As on 25 Jul 2026, 02:17 PM, we are buying shares of the ORAVEL STAYS LIMITED for ₹ 22.65 and selling them for ₹ 23.20 per share.
About OYO Unlisted Shares
OYO, founded in 2012, is a global hospitality platform that helps hotel and property owners (Patrons) transform unbranded, under-utilized assets into digitally enabled storefronts. It provides customers with affordable, high-quality accommodation through its technology-driven ecosystem. OYO operates as a technology-driven hospitality platform focused within the hospitality sector as a budget and mid-tier accommodation service provider, combined with technological innovation. The company embraces the 'light-asset' strategy as it collaborates with hospitality service providers and then fully rebrands their offerings as an OYO product. Subsequently, OYO generates revenue from franchising, and domestic and international bookings made through online travel agents (OTAs).
As compared to the conventional hospitality players, OYO enjoys the first-mover advantage in the utilization of automation and technology to standardize offerings, optimize pricing, and manage demand. By employing these strategies, OYO can manage its capital outlay and, thus, operational costs. Therefore, OYO unlisted shares are still able to maintain a sustainable growth track, which in part motivates the sustained interest in the company’s unlisted shares.
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Two-Sided Business Model: OYO connects Patrons (hoteliers, property owners) with Customers (travellers, guests) through its platform. Patrons get access to OYO’s full-stack technology suite for revenue management, digital operations, and pricing optimization, while customers book through OYO’s direct channels (app, website) or third-party platforms.
Asset-Light Model: OYO does not own the hotels or properties listed on its platform. Instead, it partners with owners under flexible contracts where owners bear operational costs while OYO provides branding, technology, and demand generation. This model allows rapid expansion with minimal investment.
Global Market Presence: OYO operates in 35+ countries with over 157,344 properties, making it one of the largest hospitality networks. It has a dominant presence in India, Southeast Asia, and Europe, focusing on these as its core growth markets.
Expansion & Brand Offerings: OYO has diversified its offerings, launching Palette Resorts (premium segment) and expanding into vacation home rentals in Europe. It continues to scale its technology, partner network, and brand reach globally.
Bonus Issue Update: As per news reports, OYO’s board will evaluate a proposal for a 1:1 bonus share issue, meaning each shareholder will receive one equity share for every share held. Eligible shareholders must be listed in the company’s records on or before September 30, 2025. The bonus allocation will be drawn from the company’s free reserves, securities premium account, and other internal reserves as of March 31, 2025. This would mark OYO’s second bonus issue since FY 2021-22, reinforcing its commitment to boosting shareholder value.
Why Investors Track OYO Unlisted Shares
Investors are keen to track OYO's unlisted shares due to the company’s competitive scale, brand visibility, and overall market prospects within the travel and hospitality industry in India.
Consequently, the unlisted shares are also available to the investors for potential future capital growth based on the company’s operational activity within the outlined parameters.
The core parameters of interest to potential investors are as follows:
- OYO’s operational footprint within the highly lucrative India and Southeast Asian markets.
- The emphasis is on achieving bottom-line growth and cost rationalization across the value chain.
- Positive economic value added per unit when compared to the company’s previous years of aggressive market capture.
OYO’s unlisted shares also allow investors to gain exposure before any future corporate action, subject to availability and regulatory norms.
Industry Outlook and Competitive Landscape
The hospitality industry in India is slowly shifting from fragmented operations to organized and tech-enabled systems. OYO innovatively competes in supply aggregation, pricing model flexibility, and demand generation via brand equity in both traditional hospitality and digital-first competitors. However, the competition is equally intense, negatively impacting demand and occupancy rates, shifts in legislation, commission rates across platforms, and overall margin contraction. This is a crucial part of the industry context relevant to OYO unlisted shares pricing.
Understanding Price Movement in Unlisted Shares
The price of unlisted shares is not determined by the same mechanisms as listed shares (equities):
- The market supply and demand conditions for unlisted shares
- Business performance and restructuring
- The prevailing market conditions on the valuation of start-ups
- Potential future liquidity events
Pricing of unlisted shares is informal and can be negotiated, resulting in variation across platforms that is dependent on the lot size and availability of the shares.
How Demat Transfer Works for OYO Unlisted Shares
Shares for OYO are unlisted, which means they are in a dematerialized state. When a transaction is executed, the shares migrate from the seller’s demat account to the buyer’s demat account through an off-market transfer. This process spans a few working days after documentation is done and payment is made.
Taxation on OYO Unlisted Shares
The holding period drives the taxation:
- If sold within 24 months, the short-term capital gains tax applies.
- If sold after 24 months, the long-term capital gains tax applies, which is subject to tax rules.
- This is a generalized overview, and individuals are recommended to seek professional counsel to understand their unique tax positions.
Final Takeaway for Investors
Investors can consider purchasing OYO unlisted shares because it provides an interest in a larger scale hospitality business within the recovering travel economy. For more information you can visit Delisted Stocks However, it is recommended that potential investors assess the unlisted business model, the industry risks, and the unlisted market before purchasing.
Pros
- Steady Profit Growth: EBITDA steadily increasing, expected to reach $135 million in FY25, driven by cost-cutting and better management.
- Growing Travel Demand: Increased hotel occupancy rates (70% in FY24) benefiting from the bounce-back of the travel industry.
- Cost Efficiency: Effective reduction in staff and marketing expenses boosting profitability.
Cons
- Debt Challenges: Lack of secured funding for refinancing in the next 12-18 months could lead to financial strain.
- Risk of Losing Market Share: Competition and failure to meet growth targets could impact market position and profitability.
Key Details
| Share Name | Particulars |
|---|---|
| ORAVEL STAYS LIMITED | 23.2 |
| Shares Price | Per Equity Share |
| Minimum Lot Size | Shares Worth Rs. 20000 |
| Depository | NSDL & CDSL |
| PAN Number | AABCO6063D |
| ISIN Number | INE561T01021 |
| CIN | U63090GJ2012PLC107088 |
| Fundamentals | Value |
|---|---|
| Market Cap (in cr.) | 34332.12 |
| P/E Ratio | 144.12 |
| P/B Ratio | 9.07 |
| Debt to Equity | 0 |
| ROE (%) | 6.52 |
| Book Value | 2.56 |
| EPS | - |
| Face Value | - |
| Total Shares | 14798327921.94 |
Financials
| P&L Statement | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Revenue | 16.6 | 20.89 | 25.45 | 17.85 |
| Cost of Material Consumed | 0 | 0 | 0 | 0 |
| Gross Profit Margins | 100.00% | 100.00% | 100.00% | 100.00% |
| EBITDA | -86.18 | -126.42 | -515.83 | -721.41 |
| EBITDA Margins | -519.15% | -605.19% | -2027.09% | -4041.76% |
| EBIT | 266.52 | -41.84 | -443.48 | -666.89 |
| EBIT Margins | 1605.45% | -200.29% | -1742.78% | -3736.31% |
| PBT | 267.8 | -69.78 | -464.62 | -667.82 |
| PAT | 463.87 | -69.78 | -464.62 | -667.82 |
| NPM | 2794.24% | -334.07% | -1825.85% | -3741.51% |
| EPS | - | - | - | - |
| Cash Flow Statement | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash from Operating Activity | 568.1 | -92.33 | -130.76 | -346.57 |
| Cash from Investing Activity | -2437.49 | 68.01 | 66.2 | 402.59 |
| Cash from Financing Activity | 1895.92 | 0.18 | 0.85 | 28.24 |
| Net Cash Flow | 26.53 | -24.14 | -63.71 | 84.27 |
| Assets | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Fixed Assets | 44.74 | 52.35 | 14346.11 | 14210.91 |
| CWIP | - | - | - | - |
| Investments | 15600.46 | 14333.75 | 54.59 | 227.06 |
| Trade Receivables | 110.04 | 94.13 | 72.22 | 60.03 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Assets | 2876.82 | 1046.29 | 1015.64 | 988.77 |
| Total Assets | 18632.05 | 15526.52 | 15488.55 | 15486.77 |
| Liabilities | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Share Capital | 636.88 | 134.99 | 132.81 | 132.72 |
| Reserves | 17792.98 | 15329.31 | 15275.04 | 15235.47 |
| Borrowings | 0 | 0 | 0 | 0 |
| Trade Payables | - | - | - | - |
| Other Liabilities | 202.19 | 62.23 | 80.7 | 118.58 |
| Total Liabilities | 18632.05 | 15526.52 | 15488.55 | 15486.77 |
Peer Comparison
| Company | Market Cap (cr.) | Revenue (cr.) | P/E | P/B | ROE (%) |
|---|---|---|---|---|---|
| ORAVEL STAYS LIMITED | 34332.12 | 6252.83 | 144.12 | 9.07 | 7% |
| BHARAT HOTELS LIMITED | 2697.69 | 906.69 | 31.72 | 2.83 | 9% |
Promoters or Management
| Name | Designation | Share in % |
|---|---|---|
| Abhishek Gupta | CFO | - |
| Aditya Ghosh | Executive Director | - |
| Ritesh Agarwal | Chairman & CEO | - |
| Oravel Employee Welfare Trust | - | 100% |
| OYO Apartments Investments LLP | - | 100% |
| OYO Financial and Technology Services Pvt Ltd | - | 100% |
| OYO OTH Investments I LLP | - | 100% |
| OYO Rooms and Hospitality (UK) Ltd | - | 100% |
| Supreme Sai Construction and Developers LLP | - | 100% |
| OYO Hotels and Homes Pvt Ltd | - | 99.64% |
| Mountainia Developers & Hospitality Pvt Ltd | - | 50% |
| Neeldeep Developers Private Ltd | - | 50% |
| OYO Vacation Homes Rental LLC | - | 49% |
Frequently Asked Questions
Explain OYO’s business model?
The foundation of OYO's business strategy is its extensive customer base, which makes reservations at patrons' storefronts via the OYO platform, as well as the patrons who list their shops on the platform. Our integrated, full-stack technology suite, which supports all mission-critical parts of their company operations, is the foundation of the value proposition offered to OYO hotel and home business patrons. In exchange, the patrons grant them considerable control over price decisions for their storefront goods as well as distribution rights (mostly exclusive), allowing them to optimize their potential for income generation through the use of dynamic pricing algorithms. Strong alignment between OYO and its patrons is created by the distribution of patrons' hotel and home storefront inventory through the platform's direct-to-consumer channels as well as indirect channels with third-party OTAs. They typically earn an average revenue share of 20% to 35% of GBV (net of discounts and loyalty points). For a certain subscription cost, customers can list their stores on the site through their listing-only service.
Has OYO acquired any company recently?
OYO has announced that, as part of its plan to acquire Key Flickers Pty Ltd (an Australian company), it will issue up to 28,58,082 equity shares at a price of ₹57.09 each. This private placement will raise around ₹16.32 crore and is in line with the share purchase agreement signed with the shareholders of the target company.
Has OYO raised any capital in the past year?
OYO had raised 550 crores by issuing 12,91,07,982 crore shares at 42.60 rupees per share via private placement to redspring partners.
What OYO’s plan for their IPO?
OYO did plan to file their DRHP in 2025 but their plan has been delayed due to opposition from Softbank. They are now planning to file their DRHP in late part of 2026 when their financials have improved.
What are OYO unlisted shares?
OYO unlisted share refer to the equity of a company that is not listed on any Indian stock exchange. Because OYO is unlisted, its shares cannot be traded on the stock market and are instead exchanged privately through the secondary market. These transactions occur between investors through negotiated contracts based on demand and availability. To understand how unlisted shares operate and how they differ from listed companies, explore our guide on unlisted shares and listed shares
What is the best way to track OYO unlisted shares?
The best way to track the OYO unlisted shares is by accessing the OYO unlisted shares’ price page. Investors can track the OYO unlisted share price on Delisted Stocks. In advance of every trading activity involving unlisted shares, every investor should be aware of market trends relating to the relevant shares, share transactions, and developments within the company.
Why are investors interested in OYO unlisted shares?
Investors follow OYO's unlisted shares due to their interest in the brand, the depth of its business operations, and the ongoing modification of its business strategies. Also, investors track and monitor such private companies for chronicles of sustained growth and opportunities in secondary markets. To gain further insight as to why investors can be so interested in unlisted shares, see our article on what unlisted shares are.
What factors affect the unlisted share movements of OYO?
Unlisted OYO shares are affected by demand in the unlisted shares market, company news, movement in the industry, and the general sentiment of investors. Since there is no set price based on an exchange, value is determined by private trades.
What are the safe ways an investor can buy OYO unlisted shares?
Investors can buy OYO unlisted shares securely by engaging authorized brokers or trusted online platforms, placing all documents in order, and transferring shares using a demat account, to ensure transparency and compliance. For a detailed explanation of the unlisted share investors can visit our Blogsection.
What should investors look at before considering buying OYO unlisted shares?
Looking at OYO’s business information, operational developments, position in the sector, and future plans is crucial before considering the company’s shares that are still unlisted. When it comes to private companies, knowing the basics is essential in order to be able to maneuver through the unlisted system. A helpful tool in your research is our article on Unlisted vs IPO Shares: Which Holds Better Potential in 2025.
What are the differences between OYO unlisted shares and shares from a company that has been recently delisted from the stock exchange?
OYO unlisted shares come from a company that has never been listed on stock exchanges, while delisted shares come from companies that used to be listed on stock exchanges but have been removed. There are very different risks, processes, and availability of information in such cases. To better understand this, please refer to our blog on Delisted vs Unlisted Shares: Key Differences Every Investor Gets Wrong.
How can investors deal with OYO and other unlisted stocks?
Consultants, wealth managers, and intermediaries can work with Delisted Stocks to gain access to unlisted share services, including OYO unlisted shares, within a defined and orderly framework. This collaboration assists in broadening the unlisted share services, with clients as the end beneficiaries. To see additional ways to partner with us, visit our Partner with Us page.