OYO parent Prism wins SEBI nod for Rs 6,650 crore fresh-issue IPO at $7B target
Hotel aggregator's holding company Prism cleared by SEBI for a Rs 6,650 crore fresh issue, eyeing a $7 billion valuation. Updated prospectus due July. Proceeds earmarked for overseas push and Indian hospitality expansion, including the CheckIn luxury portfolio across 1,300+ properties. FY26 EBITDA pegged at Rs 2,496 crore.
OYO parent Prism received SEBI nod for an IPO of up to Rs 6,650 crore via fresh issue, targeting a $7 billion valuation. Updated prospectus expected July; proceeds to fund overseas penetration and Indian hospitality expansion including CheckIn luxury portfolio.
Why this matters
Marks OYO's third public-market attempt after withdrawing earlier DRHPs in 2021 and 2023, now pursuing a confidential filing route via parent Prism with a higher $7B target.
Retail-company signals steady at 1,675 over 90 days, reflecting sustained corporate activity.