OYO parent PRISM clears SEBI hurdle for $7-8B IPO, plots Rs 6,650 cr fresh raise
PRISM, parent of OYO, has secured SEBI approval to launch its IPO at a $7-8 billion valuation with a Rs 6,650 crore fresh issue. UDRHP-1 filing comes next as the company scales self-operated premium hotels, vacation rentals (DanCenter), and religious destination plays across India, US, and Europe. FY26 EBITDA pegged at $280M; Moody's rates it B2.
What happened
Oyo · OYO parent PRISM has received SEBI approval for its IPO, planning to raise Rs 6,650 crore at a $7-8 billion valuation. Company will next file UDRHP-1,
Key facts
- Rs 6,650 crore fresh issue
- $7-8 billion valuation
- $280 million FY26 EBITDA
- Rs 2,496 crore
- 21-day public comment
- B2 Moody's rating
Why this matters
SEBI clearance after two shelved attempts opens a Rs 6,650 cr war chest that could fund bolt-on premium hotel acquisitions, European vacation-rental consolidation, or faith-tourism land plays—expect M&A activity to accelerate post-listing.