🚀 MAJOR IPO UPDATE: OYO Parent 'Prism' Files for ₹6,650 Crore Public Issue!
Hospitality tech giant Prism (formerly Oravel Stays, the parent company of OYO) has officially filed its updated draft papers (UDRHP) with SEBI to launch its highly anticipated initial public offering.
📊 Key Details of the IPO:
Total Issue Size: Up to ₹6,650 Crore
100% Fresh Issue: The entire amount is a primary share sale. *No Offer for Sale (OFS)—meaning founder Ritesh Agarwal and major backing investors (like SoftBank, Lightspeed, and Peak XV) are not selling any of their stakes.
Pre-IPO Placement: The company may look into a pre-IPO placement of up to ₹1,330 Crore. If this happens, the main IPO issue size will be reduced accordingly.
Target Valuation: Aiming for a market valuation around $7–8 Billion.
Listing Platforms: To be listed on both BSE and NSE.
💡 Where Will the Money Go?
Debt Payoff:*Around *₹4,987.5 Crore (roughly 75% of the proceeds) is strictly earmarked to clear out outstanding corporate borrowings and clean up the balance sheet.
Corporate Growth: The remaining funds will go toward general corporate purposes.
📈 Strong Financial Turnaround:
Revenue Blast:* Clocked operational revenue of ₹6,941 Crore for the first 9 months of FY26, already outpacing its entire FY25 revenue (₹6,259 Crore).
Massive Profits: Net profit (PAT) surged heavily to ₹748 Crore for the 9-month period ending Dec 2025, compared to just ₹245 Crore in FY25.
Stay tuned for official dates and price band announcements!
Hospitality tech giant Prism (formerly Oravel Stays, the parent company of OYO) has officially filed its updated draft papers (UDRHP) with SEBI to launch its highly anticipated initial public offering.
📊 Key Details of the IPO:
Total Issue Size: Up to ₹6,650 Crore
100% Fresh Issue: The entire amount is a primary share sale. *No Offer for Sale (OFS)—meaning founder Ritesh Agarwal and major backing investors (like SoftBank, Lightspeed, and Peak XV) are not selling any of their stakes.
Pre-IPO Placement: The company may look into a pre-IPO placement of up to ₹1,330 Crore. If this happens, the main IPO issue size will be reduced accordingly.
Target Valuation: Aiming for a market valuation around $7–8 Billion.
Listing Platforms: To be listed on both BSE and NSE.
💡 Where Will the Money Go?
Debt Payoff:*Around *₹4,987.5 Crore (roughly 75% of the proceeds) is strictly earmarked to clear out outstanding corporate borrowings and clean up the balance sheet.
Corporate Growth: The remaining funds will go toward general corporate purposes.
📈 Strong Financial Turnaround:
Revenue Blast:* Clocked operational revenue of ₹6,941 Crore for the first 9 months of FY26, already outpacing its entire FY25 revenue (₹6,259 Crore).
Massive Profits: Net profit (PAT) surged heavily to ₹748 Crore for the 9-month period ending Dec 2025, compared to just ₹245 Crore in FY25.
Stay tuned for official dates and price band announcements!