India’s primary market is gearing up for one of the most awaited listings of the year as OYO Hotels & Homes, founded by Ritesh Agarwal, plans to file its Draft Red Herring Prospectus (DRHP) in November 2025. The startup is eyeing a valuation of $7–8 billion, with reports also highlighting shares priced at ₹70 apiece and valuations in the range of 25–30x EBITDA.