Oyo filed for an IPO. This is a huge deal. A comprehensive thread on what this means and how it works.
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Oyo filed it's DRHP with SEBI. DRHP stands for draft red herring prospectus.
Fun fact: it's not red. It's actually a white pdf.
Fun fact: it's not red. It's actually a white pdf.
Oyo want to do an IPO. IPO stands for initial public offering.
In an IPO a company sells shares.
Fact: Oyo doesn't sell shareson Amazon. Few realize this.
You have two options:
1. Buy shares
2. Not buy shares
1. Buy shares
2. Not buy shares
When you apply for an IPO, two things can happen:
1. You can get allotment
2. Not get allotment
1. You can get allotment
2. Not get allotment
Fun IPO fact. You need money to apply for an IPO. Many people confuse the word offer to think that Oyo is giving free shares.
The process of apply for an IPO is you need to click some buttons.
Just because you invest in Oyo doesn't mean you get a discount at their hotel. Important.
You also can't pay Oyo with its shares.
You also can't pay Oyo with its shares.
Please retweet this 3 times minimum so that I can continue educating retail investors and enlighten them.
3 times.
3 times.
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