Zostel has written to India’s market regulator, SEBI, urging it to examine disclosures made in Oyo’s proposed or recent initial public offering (IPO). According to reports, Zostel raises questions related to the adequacy and accuracy of the information presented in the IPO documentation, and asks SEBI to assess whether any material details have been omitted or insufficiently disclosed. The requests focus on specific disclosure-related concerns rather than alleged trading activity, and seek regulatory review to ensure compliance with disclosure norms applicable to public listings. The reports note that Zostel is a business player in the travel and accommodations sector, and its communication to SEBI is part of broader scrutiny around the information provided to investors ahead of a public market debut. Both outlets framing the story indicate that the trigger for the regulator’s attention is Zostel’s challenge to the IPO disclosures, with SEBI considering the matter under its statutory mandate. At this stage, the outlets do not indicate a regulator decision or outcome, only that SEBI has been urged to conduct a review.