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.

— Source publishedTue, 2 Jun, 2026, 17:50 IST·First seen Tue, 2 Jun, 2026, 19:15 IST·Source NDTV Profit

What happened

Oyo · 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;

Key facts

  • Rs 6,650 crore
  • $7 billion
  • 1,300 properties
  • Rs 2,496 crore EBITDA FY26

Why this matters

Prism's overseas-expansion war chest signals aggressive inorganic moves in hospitality, raising the bar for regional aggregator M&A and potentially squeezing mid-tier targets in Southeast Asia and the Gulf.