Oyo parent Prism secures Sebi nod for Rs 6,650 crore IPO at $7-8 billion valuation
Prism, Oyo's parent, has cleared Sebi's approval hurdle for its Rs 6,650 crore IPO on the third attempt, targeting a $7-8 billion valuation. Updated DRHP is expected by early July, with Q1FY26 profit at Rs 216 crore signaling improved fundamentals. Listing timing remains contingent on market conditions.
Oyo's parent Prism has received Sebi approval for a Rs 6,650 crore IPO at a $7-8 billion valuation, its third attempt. Updated DRHP expected by early July; listing timeline depends on market conditions amid war-led volatility.
Why this matters
Prism's Sebi nod marks a turnaround after two failed IPO attempts, with Q1FY26 profit of Rs 216 crore reinforcing the case for a $7-8 billion valuation.
Retail-company signals steady at 1,683 over 90 days, reflecting consistent corporate activity.