Oyo IPO: Parent Prism files confidential issue papers with SEBI for ₹6,650 crore public offer

The proposed IPO values the company in the range of USD 7-8 billion, they added.

The filing comes after the company's shareholders on December 20 gave their approval to raise up to ₹6,650 crore via the fresh issuance of shares.

The confidential pre-filing route allows companies to keep their issue details private until the later stages of IPO. The route is popular among new-age companies, with the likes of Meesho, Tata Play and Swiggy having used it in recent years.

Oyo's parent entity is targeting a market debut sometime in 2026, following continued EBITDA positivity in 2025.

The hospitality chain initially filed for a public offer in 2021 to raise ₹8,430 crore but later withdrew the plans due to heightened global market volatility.

Oyo was founded by Ritesh Agarwal in 2012, who is Prism's Group chief executive officer (CEO). SoftBank remains one of its largest shareholders.

For the first quarter of the financial year 2025-26, the company had posted a profit after tax of more than ₹200 crore and a 47% increase in revenue from operations to ₹7,227 crore.

Moody's recently reaffirmed Prism's B2 corporate family rating with a stable outlook.

The ratings agency expects the firm's EBITDA to more than double to approximately USD 280 million (around ₹2,496 crore) in the financial year 2025-26, backed by earnings from the acquisition of G6 Hospitality, expansion of premium storefronts, and continued cost optimisation.