IPO
Hospitality player Oyo’s parent Prism gets Sebi’s nod for Rs.6,650-Cr IPO
Prism , the parent company of hospitality firm Oyo, has received approval from the Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO) aimed at raising Rs.6,650-Cr through a fresh issue of equity shares. The book-running lead managers for the issue include Axis Capital, Citibank, Goldman Sachs, ICICI Securities, SBI Caps, JM Financials, InCred Capital, and Intensive Fiscal Services.The company previously filed a confidential draft red herring prospectus in December 2025. It now intends to file a public updated draft red herring prospectus by early July. The planned public offering is expected to result in a company valuation of between $7-B and $8-B.Founded as Oyo and rebranded to Prism last year, the company operates as a global hospitality platform with a portfolio that includes Oyo, Motel 6, Studio 6, Sunday Hotels, Palette Hotels, DanCenter, and Innov8. The company intends to use the capital to support its ongoing international expansion and to strengthen its premium hospitality offerings. Prism recently reported a 16% year-on-year increase in revenue to Rs.6,252.8 Cr and a net profit of Rs.244.8 Cr for FY25.Prism is backed by investors including SoftBank Group, Lightspeed Venture Partners, Peak XV Partners, and Microsoft.
Between Mar 2014 and Aug 2024, Oyo had attracted about USD 3.2 B from InCred Alternatives, J&A Partners, Greenoaks Capital, Lightspeed Ventures, Peak XV Partners, SoftBank Corp, DSG Consumer Partners and others.For FY25, Oyo had reported about INR 17 Cr in Operating Income and about INR 464 Cr in PAT.
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