OYO parent PRISM files updated DRHP for ₹6,650 Cr fresh-issue IPO in third public attempt

PRISM's updated SEBI filing shows SoftBank at 40.04% and founder Ritesh Agarwal at ~30% (6.59% direct, 20.12% via RA Hospitality). Financials improved sharply: FY25 net profit ₹271.8 Cr (+93%) on revenue ₹6,252.8 Cr (+16%), with 9M FY26 profit at ₹1,214.4 Cr on ₹6,941 Cr revenue.

— Source publishedWed, 1 Jul, 2026, 20:20 IST·First seen Wed, 1 Jul, 2026, 21:13 IST·Source Inc42

What happened

OYO PRISM · OYO parent PRISM filed an updated DRHP with SEBI for a ₹6,650 Cr fresh-issue IPO, its third public attempt. Details cover shareholding (SoftBank

Key facts

  • ₹6,650 Cr fresh issue
  • Ritesh Agarwal 6.59% direct stake
  • RA Hospitality 20.12%
  • SoftBank 40.04%
  • 9M FY26 profit ₹1,214.4 Cr
  • 9M FY26 revenue ₹6,941 Cr
  • FY25 net profit ₹271.8 Cr (+93%)
  • FY25 revenue ₹6,252.8 Cr (+16%)
  • tax relief ₹3,885.51 Cr
  • 81,848 shareholders

Why this matters

A profitable, listing-bound OYO with concentrated SoftBank/founder ownership reshapes hospitality-tech M&A and partnership leverage—watch for consolidation plays and platform tie-ups timed around the public debut.

What to watch

  • SEBI final observation letter and price band announcement
  • Composition of 9M profit (operating vs non-operating/tax items)
  • Anchor allocation quality and QIB subscription multiple on day 1-3
  • SoftBank post-IPO stake and any OFS component in future tranches
  • Grey market premium trend ahead of listing
  • Anchor book roadshows targeting domestic MFs and sovereign/insurance funds
  • SoftBank and RA Hospitality signal lock-in commitments to reassure on overhang
  • Sell-side notes dissecting sustainability of the 9M profit jump vs FY25 base
  • Peer hospitality/travel-tech names re-rate on the fresh listing benchmark

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