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  5. OYO parent Prism files updated DRHP for IPO, seeks ₹6,650 crore via fresh issue

Market News

OYO parent Prism files updated DRHP for IPO, seeks ₹6,650 crore via fresh issue

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

2 min read | Updated on June 30, 2026, 08:23 IST

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SUMMARY

The proposed initial share sale of hospitality technology company Prism, the parent of OYO, will be solely a fresh issuance of shares, with no offer for sale (OFS).

OYO operator Oravel Stays was rebranded as Prism in September 2025. | Image: Shutterstock

OYO operator Oravel Stays was rebranded as Prism in September 2025. | Image: Shutterstock

OYO parent Prism has filed its updated draft papers with markets regulator Securities and Exchange Board of India to raise ₹6,650 crore via an initial public offering (IPO).

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The proposed initial share sale will be solely a fresh issuance of shares, with no offer for sale (OFS).

This means that existing shareholders, including SoftBank's SVF India Holdings, founder Ritesh Agarwal, Microsoft, Airbnb, Khazanah, Lightspeed, RA Hospitality Holdings, Peak XV and Greenoaks Capital, will not offload their stake.

As per the Updated Draft Red Herring Prospectus-I (UDRHP-I) filed on Tuesday, the hospitality player may consider a pre-IPO placement worth up to ₹1,330 crore ahead of filing the red herring prospectus. If successful, the fresh issue component will be reduced accordingly.

Net proceeds from the issue will be used for repayment or prepayment of borrowings and general corporate purposes.

The company posted a revenue from operations of ₹6,941 crore for the nine months ending December 2025, surpassing the firm's entire FY265 revenue of ₹6,259 crore. Net profit was reported at ₹748 crore in 9M FY26, which is substantially higher from ₹245 crore post-tax profit in FY25.

Prism, which describes itself as a technology-driven hospitality platform, operates 43 brands across more than 35 countries. It has a network of 24,303 hotels, 124,668 homes and 144,583 listings (including 14,937 storefronts in India), as of December 31, 2025.

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The Ritesh Agarwal-led company's India company-serviced hotel business posted a Gross Booking Value (GBV) of ₹1,346.45 crore in 9M FY26 as against ₹818.23 crore in FY25.

The firm's United States business turned out to be a key growth driver post-acquisition of G6 Hospitality, which runs the Motel 6 and Studio 6 brands. The US vertical posted a GBV of ₹12,022.51 crore in the first nine months of FY26, compared to ₹4,712.83 crore in FY25.

Prism had filed its preliminary papers with SEBI through the confidential route in December 2025.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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