OYO Parent PRISM Files Updated DRHP for ₹6,650 Crore IPO With SEBI
On 30 June 2026, PRISM (formerly Oravel Stays Limited), the parent company of OYO, filed an Updated Draft Red Herring Prospectus with the Securities and Exchange Board of India (SEBI) for its proposed Initial Public Offering (IPO).
As per the UDRHP, the OYO IPO will be a 100% book-built issue, comprising only a fresh issue of equity shares aggregating up to ₹6,650 crore. The IPO does not include an Offer for Sale (OFS), meaning existing shareholders will not dilute their stakes through the public issue.
Existing investors, including SoftBank's SVF India Holdings, Ritesh Agarwal, Microsoft, Airbnb, Lightspeed, Peak XV Partners, Khazanah Nasional, and Greenoaks Capital, are not participating in the offer for sale and will continue to hold their respective stakes after the IPO.
The company may also undertake a pre-IPO placement of up to ₹1,330 crore (20% of the total issue size). If completed, the amount raised through the pre-IPO placement will be reduced from the size of the fresh issue.
Details regarding the anchor investor bidding period, IPO opening and closing dates, price band, and lot size will be announced at a later stage.
OYO (PRISM) IPO - Issue Details
- Issue Type: Book Building IPO (Fresh Issue Only)
- Total Issue Size: ₹6,650 crore
- Fresh Issue: ₹6,650 crore
- Offer for Sale (OFS): Not Applicable
- Face Value: ₹1 per equity share
- Price Band: To be announced
- Lot Size: To be announced
- Minimum Investment Amount: To be announced
- Listing: BSE, NSE
- Book Running Lead Managers (BRLMs): Axis Capital Limited, Citigroup Global Markets India Private Limited, Goldman Sachs (India) Securities Private Limited, ICICI Securities Limited, InCred Capital Wealth Portfolio Managers Private Limited, Intensive Fiscal Services Private Limited, JM Financial Limited and SBI Capital Markets Limited
- Registrar: MUFG Intime India Private Limited
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Utilisation of IPO Proceeds
The Company proposes to utilise the net proceeds from the fresh issue towards:
- Investment in wholly owned subsidiary, Oravel Stays Singapore Private Limited, for the repayment or prepayment, in full or in part, of certain outstanding borrowings.
- General corporate purposes.
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About PRISM (Oravel Stays Limited)
PRISM Hotels and Resorts Limited, the parent company of OYO, operates a technology-driven hospitality platform that connects property owners with travellers seeking short-stay accommodation. The company follows an asset-light business model, offering technology, branding, and operational solutions across its Hotels, Homes, and Listings businesses, while earning revenue through revenue sharing, commissions, and franchise royalties.
Founded in India in 2012, OYO has expanded its presence to more than 35 countries with over 24,000 hotels and 1,24,668 homes on its platform as of December 31, 2025. Its portfolio includes brands such as OYO, Sunday, Townhouse, Palette, Motel 6, Studio 6, Belvilla and DanCenter.
For the nine months ended 31 December 2025, PRISM reported revenue from operations of ₹6,940.97 crore, up from ₹6,252.83 crore in FY25. The company posted a profit after tax (PAT) of ₹748.34 crore, compared with ₹244.82 in FY25. The company's EBITDA increased significantly, more than doubling to ₹2,127 crore from ₹953 crore in the previous year.
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