OYO Parent PRISM Files Updated DRHP For ₹6,650 Cr Fresh-Issue IPO In Third Listing Attempt
PRISM refiled its DRHP for a fresh-issue-only IPO worth ₹6,650 Cr. SoftBank SVF holds 40.04%, Ritesh Agarwal 6.59% direct plus 20.12% via RA Hospitality. 9M FY26 profit hit ₹1,214.4 Cr on ₹6,941 Cr revenue; FY25 net profit rose 93% to ₹271.8 Cr.
What happened
OYO PRISM · OYO parent PRISM filed an updated DRHP for a fresh-issue-only IPO worth ₹6,650 Cr, its third public-listing attempt. Piece details shareholding
Key facts
- ₹6,650 Cr fresh issue
- Ritesh Agarwal 6.59% direct stake
- RA Hospitality 20.12%
- SoftBank SVF 40.04%
- 81,848 shareholders
- 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
Why this matters
PRISM's refiled DRHP signals renewed capital-raising momentum in hospitality-tech, making OYO a benchmark for asset-light hotel aggregators eyeing public markets and a potential consolidation catalyst across budget-stay segments.
What to watch
- SEBI approval and observation letter timing
- Sustainability of 9M FY26 margins into Q4 FY26
- Grey-market premium and anchor book subscription levels
- Any related-party disclosure or governance flags on RA Hospitality 20.12% stake
- Broader Indian IPO market appetite and Nifty sentiment
- SoftBank SVF signals lock-in commitments to reassure market on 40.04% overhang
- Anchor investor roadshows emphasizing FY26 profitability inflection
- Competitors (traditional hotel chains, aggregators) reprice or accelerate own capital raises
- Bankers set price band leaning on 9M profit run-rate rather than trailing FY25