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.
What happened
OYO PRISM · 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
Key facts
- Rs 6,650 crore
- $7-8 billion valuation
- Rs 216 crore Q1FY26 profit
Why this matters
Oyo's path to public currency reopens consolidation playbooks across budget hospitality, making Prism both a potential acquirer of regional chains and a benchmark for competing platform exits.