OYO Parent PRISM Receives SEBI Approval for IPO
Hospitality major PRISM, the parent entity of OYO, has received approval from India's Securities and Exchange Board (SEBI) for its proposed Initial Public Offering (IPO).
PRISM, the parent company of hospitality major OYO, has secured approval from India's Securities and Exchange Board (SEBI) for its intended Initial Public Offering (IPO). The development comes approximately six months after the company confidentially filed its Draft Red Herring Prospectus (DRHP) in December 2025.
Sources indicate that the proposed public issue could value the company between $7 billion and $8 billion. PRISM's shareholders had previously approved plans to raise up to ₹6,650 crore (approximately $80 million) through a fresh issuance of equity shares at an extraordinary general meeting held in December 2025.
Following SEBI's nod, PRISM is expected to file its updated DRHP in July. The company, founded in 2012 and headquartered in Gurugram, operates within the travel technology sector. To date, PRISM has raised over $5.60 million in funding.
The IPO signifies a major milestone for the company, providing potential capital for further expansion and development in the widely competitive travel and hospitality market.