India, May 27 -- Amid the speculations about its initial public offering (IPO), hospitality major OYO has reportedly restarted discussions for its public issue and is looking to file the draft papers in August-September this year.

Citing sources, news agency PTI reported that the startup has held initial discussions with investment banks, which have said that it could garner a valuation of about $6 Bn to $7 Bn.

The startup is eyeing a listing in the March quarter of 2026, the report said.

Notably, this would be OYO's third attempt at going public after shelving earlier plans in 2022 and 2024.

The report said that a crucial meeting between OYO's board and representatives of SoftBank, which holds over 30% stake in the startup, is schedu...