OYO Parent PRISM Lands SEBI Nod for IPO at $7-8 Bn Valuation
PRISM, the parent of hospitality major OYO, has secured SEBI's green light for its public listing six months after filing a confidential DRHP. The company plans a ₹6,650 Cr fresh issue at a $7-8 Bn valuation and will file an updated DRHP shortly.
PRISM, OYO's parent, has secured SEBI approval for its IPO, six months after filing a confidential DRHP. The hospitality major plans a ₹6,650 Cr fresh issue at a $7-8 Bn valuation and will file an updated DRHP shortly.
Why this matters
PRISM's SEBI nod marks a key milestone in OYO's long-running IPO journey, following its confidential DRHP route filed six months ago and earlier withdrawn IPO attempts.
Retail-company activity steady with 1,661 signals over the last 90 days.
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