Oyo parent Prism secures Sebi nod for Rs 6,650 cr IPO at $5-7 bn valuation

Prism, parent of Oyo, has received Sebi approval to raise Rs 6,650 crore via IPO, targeting a $5-7 billion valuation. An updated DRHP is expected within 6-8 weeks. Q1FY26 net profit crossed Rs 200 crore, more than doubling year-on-year, signaling improved profitability ahead of listing.

— Source publishedWed, 3 Jun, 2026, 10:00 IST·First seen Thu, 4 Jun, 2026, 11:19 IST·Source ET Hospitality

What happened

Oyo's parent Prism received Sebi nod for a Rs 6,650 crore IPO, targeting a $5-7 billion valuation. Updated DRHP expected in 6-8 weeks. Q1FY26 net profit

Key facts

  • Rs 6,650 crore
  • Rs 50,000-60,000 crore
  • $5-7 billion
  • $2.3 billion
  • $9 billion
  • Rs 200 crore
  • Rs 87 crore
  • $525 million
  • $1.2 billion

Why this matters

A listed Prism with fresh primary capital becomes a more aggressive consolidator in budget hospitality, raising urgency for partnership or pre-emptive M&A conversations across the asset-light lodging stack.