OYO Parent Company Prism Gets SEBI Approval for ₹6,650 Crore IPO

OYO’s parent company, Prism, has received approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO). The company plans to raise up to ₹6,650 crore through a fresh issue of shares.

Prior to this, the company had filed its draft IPO papers with SEBI in December 2025, opting for the confidential filing route.

OYO had previously attempted to go public in 2021, filing draft papers with SEBI for an ₹8,430 crore IPO at a targeted valuation of around $12 billion. The company later submitted updated offer documents in 2023 with revised financial and operational details.

However, it eventually withdrew its plans to list amid challenging market conditions and subdued investor sentiment driven by global economic uncertainty.

The latest marks OYO's third attempt to list on the stock exchanges. Prism’s latest filing came after the shareholders’ approval at an Extraordinary General Meeting (EGM) held on December 20, 2025. 

IPO Details

According to reports, the proposed public issue will comprise a fresh equity issuance of ₹6,650 crore. Market reports suggest that Prism could target a valuation of around $7-8 billion through the offering, subject to prevailing market conditions and investor demand.

The company is also expected to file an updated Draft Red Herring Prospectus (DRHP) by early July before proceeding with the IPO process.

Axis Capital, Citigroup, Goldman Sachs, ICICI Securities, SBI Capital Markets, JM Financial, InCred Capital, and Intensive Fiscal Services have been appointed as the book-running lead managers for the public offering. 

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About OYO

OYO is a global travel and hospitality technology company founded in 2013 by Ritesh Agarwal. The company operates a network of hotels, homes, and vacation rentals across multiple markets, offering technology-led solutions for property owners, including revenue management, distribution, branding, and operational support.

OYO's portfolio includes brands such as Townhouse and Sunday Hotels, and it has expanded its international presence through acquisitions, including US-based G6 Hospitality, which operates the Motel 6 and Studio 6 chains. 

In FY25, OYO reported revenue of ₹6,463 crore, up 20% year-on-year, while its profit after tax (PAT) rose 172% to ₹623 crore from ₹229 crore in FY24.

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