OYO parent Prism files updated papers for Rs 6,650 crore all-fresh IPO
Prism (OYO) refiled SEBI papers for a Rs 6,650 crore fresh issue plus Rs 1,330 crore pre-IPO placement, with Rs 4,987.5 crore earmarked for debt repayment. India storefronts reached 14,937; 9MFY26 revenue hit Rs 6,941 crore with Rs 748 crore PAT, aided by US G6 Hospitality buy.
What happened
OYO PRISM · OYO parent Prism filed updated SEBI papers for a Rs 6,650 crore all-fresh-issue IPO, mostly for debt repayment. India hospitality storefronts grew
Key facts
- Rs 6,650 crore IPO
- Rs 1,330 crore pre-IPO placement
- Rs 4,987.5 crore debt repayment
- Rs 6,941 crore 9MFY26 revenue
- Rs 748 crore PAT
- 14,937 India storefronts
- 24,303 hotels
Why this matters
The US G6 Hospitality acquisition's revenue contribution and the maiden profit ahead of refiling position Prism to use IPO and pre-IPO placement liquidity for further bolt-on hospitality M&A.
What to watch
- SEBI observation letter / final approval timing
- Anchor book subscription quality and price band
- Grey market premium and QIB/retail demand split
- G6 Hospitality integration margins in subsequent quarters
- Net debt level confirmation after Rs 4,987.5cr repayment
- Lock pre-IPO placement of Rs 1,330cr with marquee anchors to validate valuation
- Front-load profitability narrative: recurring PAT, G6 US accretion, unit economics per storefront
- Roadshow emphasis on deleveraging post-issue to lower interest cost and lift net margins
- Comparable peers (hospitality/travel-tech) hedge or reprice ahead of supply