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OYO parent PRISM gets Sebi nod for IPO, plans to raise up to Rs 6,650 crore, valuation seen at 7-8 billion dollars, will file updated prospectus by early July
OYO is set to launch its ipo after getting approval from Sebi
OYO parent PRISM, which had filed its confidential Draft Red Herring Prospectus (DRHP) in December 2025, has received approval from the market body Sebi to launch its initial public offering (IPO). The company is likely to raise up to Rs 6,650 crore from the capital market by issuing a fresh issue of shares.
The hospitality and travel provider is currently assessing the market situation and investor appetite with a listing timeline before proceeding to the next step.
Following the IPO, the valuation of OYO is likely to touch around $7-8 billion.
The company has cut down its fundraising amount from its earlier plan of Rs 8,430 crore.
PRISM has appointed Axis Capital, Citigroup Global Markets India, Goldman Sachs (India) Securities, ICICI Securities, SBI Capital Markets, JM Financial, InCred Capital and Intensive Fiscal Services as book-running lead managers for the issue.
As part of its IPO preparations, PRISM is expected to file an Updated Draft Red Herring Prospectus (UDRHP-I) by the first week of July. The updated filing will then be made available for public comments for 21 days before the company can proceed further with the offering.
PRISM had opted for the confidential filing route, which enables companies to initiate the regulatory review process without immediately disclosing detailed financial and operational information to the public. Following SEBI’s observations on the confidential draft, companies are required to submit updated offer documents before moving ahead with their IPO plans.
About the Author
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the I…Read More
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