Global travel tech platform OYO has kicked off discussions with banks for a renewed IPO attempt, aiming for a public listing in the last quarter of the current financial year, sources told PTI. Early talks with investment bankers suggest a potential valuation between USD 6-7 billion for the offering.Informal dialogues began last month, and OYO is now inviting pitches from both Indian and international banks. “The company is engaging with both Indian and international banking institutions with plans to potentially file the DRHP documents between Aug-Sept this year. It is yet to decide whether to file with FY25 financial results or wait till the Q1 FY26 financials are audited and ready for filing,” said sources familiar with the matter as quoted by PTI.A key board meeting and discussions with major shareholder SoftBank’s representatives are scheduled for June in London. “The Board and all shareholders, including SoftBank, are keen for the company to actively evaluate filing an IPO application in the near future due to the swift business turnaround with an estimated Rs 620 crore net profit in FY25,” a source close to the development revealed.This renewed IPO push follows OYO’s earlier attempts to go public, including draft filings with SEBI in 2021 to raise Rs 8,430 crore, which were eventually withdrawn in May 2024.Recently, OYO has focused on streamlining global operations and strengthening its foothold in key markets such as India, the US, Europe, and Southeast Asia. Improved financial health and operational efficiency have boosted investor confidence, driving the company’s fresh move toward an IPO.With OYO’s rapid turnaround and solid profit forecast, the company appears poised to re-enter the public markets after a strategic pause.