said VijayOyo has announced that it will add 500 hotels in Ayodhya, Puri, and other religious places in India. The hospitality tech start-up is planning to leverage the growing spiritual tourism in India, especially after the opening up of Ram Temple in Ayodhya.
Oyo is keeping a special focus on Ayodhya as it plans to add 150 hotels in the area. The city has witnessed a significant jump in footfall after the inauguration of the Ram Temple on Jan 24. Not only this, Ayodhya was one of the most searched new locations on Dec 24.
This is reflected in Oyo's app searches for Ayodhya jumping to 39%. On Jan 22, thousands of devotees are expected to arrive for the 1st anniversary of consecration.
Not just Ayodhya, Oyo is planning to expand to other pilgrim sites, with 100 hotels in Varanasi, followed by 50 hotels each in Prayagraj, Haridwar & Puri. For Mahakumbh, the booking requests are already double Oyo's current capacity in Prayagraj. The remaining properties will be launched strategically across India. Oyo is introducing most of these hotels under the 'company service' category. Thus actively getting involved in hotel operations and servicing for better customer experience.
Also Read: Oyo Adds 700 Company Serviced Hotels in 1 Year.
Varun Jain, chief operating officer of OYO India, said, “We are collaborating with the tourism departments of all major states to better understand their specific needs and priorities. Our focus is on launching strategically located hotels, particularly in key religious centers, to cater to the growing demand for high-quality accommodations among pilgrims and visitors. We are also actively monitoring emerging trends in religious tourism, including shifts in visitor preferences, seasonal travel patterns, and the growing popularity of lesser-known pilgrimage destinations."
"I began with just three hotels in Ayodhya last year, and I am now planning to add 10 more in 2025. The steady increase in tourists visiting the city, coupled with the government's focused efforts on improving the infrastructure, gives me immense confidence to scale up my expansion plans," saidVijay Kumar Singh, Owner, Shri Balaji Hospitality.
Oyo Planning To Launch IPO In 2025
OYO is preparing to launch its IPO. The NBFC has filed a DRHP (Draft Red Herring Prospectus) with SEBI. OYO IPO aims to raise ₹8,430 crores. This will include an offer for sale of about Rs. 1,430 crores and a fresh issue equity share sale of Rs. 7,000 crores.
Check the detailed Oyo IPO analysis (click here).
Is It Possible to Buy OYO Shares Before IPO?
Currently, Oyo is not listed in the stock market. However, Oyo stock is actively traded in the unlisted share market. Investors can buy pre-IPO shares and own Oyo shares before they get traded in the listed market.
Interested investors can buy Oyo unlisted shares by clicking here. Check other pre-IPO shares at Stockify.
Oyo Unlisted Share FAQs
Q1: Is OYO getting listed in the stock market?
Oyo has filed its DRHP (Draft Red Herring Prospectus) with SEBI, and it is estimated to be listed by March 25.
Q2: Why did OYO withdraw its IPO?
Oyo withdrew its application due to material changes in finance and its plan to raise money privately.
Q3: Is it legal to buy unlisted shares of OYO in India?
Yes, this is 100% legal and safe to buy unlisted shares of Oravel Stays Ltd. (OYO Rooms). However, this is applicable when you buy Oravel Stays Ltd. (OYO Rooms) unlisted shares from reliable and known unlisted share dealers. You can request a quote or trade online at Stockify; we are ready to assist you.
