OYO Unlisted Shares 2026: Price , IPO DRHP Filed & Complete Investment Guide
After three failed attempts and years of investor patience, OYO is finally within touching distance of a stock market listing. On June 30, 2026 — just three days ago — PRISM Hotels and Resorts, the parent company of OYO, filed its Updated Draft Red Herring Prospectus with SEBI for a ₹6,650 crore IPO. Shares are currently available in the pre-IPO market at ₹24.5. With profitability finally established, a globally diversified business, and SEBI approval in hand, this is the most credible OYO IPO attempt yet. Here is everything an investor needs to know.
KEY TAKEAWAYS • OYO unlisted shares trading at ₹24.5 (July 2026). 52-week range: ₹20 – ₹29. • Parent company PRISM filed updated DRHP with SEBI on June 30, 2026 for a ₹6,650 crore IPO. • 100% fresh issue — SoftBank, Microsoft, Airbnb, and founder Ritesh Agarwal are not selling. • FY26 9-month PAT ₹748 Cr — 3x the full-year FY25 PAT of ₹245 Cr. EBITDA doubled to ₹2,127 Cr. • 84%+ of revenue from international markets. US alone: 27% of total revenue after G6 acquisition. • IPO target valuation: $7–8 billion. Price band and listing date TBA (expected second half of 2026). • Pre-IPO investors face a mandatory 6-month lock-in after listing. Plan your horizon accordingly. |
🔴 BREAKING — JUNE 30, 2026 PRISM filed its Updated DRHP with SEBI on June 30, 2026. The proposed IPO is a 100% fresh issue of ₹6,650 crore — no existing shareholders are selling. SEBI had granted its approval earlier in June after PRISM submitted a confidential pre-filing in December 2025. This is OYO's fourth attempt to list, after withdrawals in 2022, 2023, and 2024. |
At a Glance — Key Numbers
CURRENT PRICE ₹24.5 As of July 3, 2026 | 52-WEEK RANGE ₹20 – ₹29 Low / High | LOT SIZE 1,000 Min. investment ~₹24,500 |
IPO SIZE ₹6,650 Cr 100% fresh issue | IPO VALUATION $7–8 Bn Target range | ISIN INE561T01021 NSDL & CDSL |
What Is OYO — and Why Is It Called PRISM Now?
Most investors still search for 'OYO unlisted shares' — but the legal entity you are actually investing in is now called PRISM Hotels and Resorts (formerly Oravel Stays Limited). The company rebranded in September 2025 to reflect its expanding portfolio beyond budget hotels. OYO remains the consumer-facing brand; PRISM is the entity that will list on NSE and BSE.
Founded in 2013 by Ritesh Agarwal, OYO started as a budget-hotel aggregator in India. It has grown into a global hospitality technology platform with 243,303 hotels and 144,583 homes across 35+ countries. The December 2024 acquisition of G6 Hospitality (Motel 6, Studio 6) from Blackstone for $525 million significantly expanded its US business.
Financial Performance — The Numbers That Matter
The biggest question investors have had about OYO for years: is it actually making money? The answer has changed significantly in FY26.
Metric | FY24 | FY25 | 9M FY26 |
Revenue from operations | ₹5,389 Cr | ₹6,259 Cr | ₹6,941 Cr |
EBITDA | ₹887 Cr | ₹953 Cr | ₹2,127 Cr |
PAT (Profit After Tax) | ₹229 Cr | ₹245 Cr | ₹748 Cr |
EPS | ₹1.72 | — | — |
P/E Ratio | 148.57 | — | — |
KEY FINANCIAL SHIFT FY26 nine-month PAT of ₹748 crore already exceeds the full-year FY25 PAT of ₹245 crore by more than 3 times. EBITDA more than doubled to ₹2,127 crore in just nine months. This is the financial improvement that finally allowed OYO to push its IPO through SEBI. |
OYO IPO 2026 — What the DRHP Says
PRISM filed its Updated DRHP with SEBI on June 30, 2026. Here is what investors need to know:
IPO Detail | As per UDRHP (June 30, 2026) |
Legal entity | PRISM Hotels and Resorts (formerly Oravel Stays Ltd) |
Issue size | ₹6,650 crore — 100% fresh issue |
Offer for Sale (OFS) | None — no existing shareholders selling |
Use of proceeds | ₹4,987.5 Cr for debt repayment; rest for general corporate purposes |
Pre-IPO placement | Up to ₹1,330 Cr (deducted from issue size if completed) |
Target valuation | $7–8 billion (~₹58,000–67,000 crore) |
Expected listing | NSE and BSE — target second half of 2026 |
Lead managers | Axis Capital, Goldman Sachs, ICICI Securities, Citigroup, SBI Capital, JM Financial |
Largest shareholder | SoftBank — 40.04% stake (not selling) |
The fact that this is a 100% fresh issue is significant. Every rupee raised goes directly into PRISM to pay down debt. SoftBank, Microsoft, Airbnb, Peak XV, and founder Ritesh Agarwal are not selling any shares. That signals confidence in the company's future.
This is OYO's fourth attempt to list after withdrawals in 2022, 2023, and 2025. What is different this time: SEBI approval is in hand, financials are meaningfully improved, and the issue size has been cut by 40% to a more realistic ₹6,650 crore.
OYO Unlisted Share Price — History & What's Driving It
Period | Price range | What drove the move |
2021 (peak) | ₹200–₹370 | Original IPO hype, $12B valuation, first DRHP filing |
2022–23 | ₹50–₹80 | IPO withdrawal, global tech selloff, valuation reset |
2024 | ₹30–₹60 | Second IPO withdrawal, debt concerns, SoftBank pushback |
Early 2026 | ₹20–₹24 | Muted sentiment, IPO delays persisting |
June–July 2026 | ₹24–₹29 | SEBI approval, DRHP filing, improved FY26 financials |
At ₹24.5 today, OYO unlisted shares are priced at a significant discount to their 2021 peak. Investors who bought at ₹200+ in 2021 are still underwater, which is the clearest risk signal this stock carries into its IPO.
Who Currently Holds OYO Shares?
• SoftBank (SVF India Holdings) — 40.04% — largest shareholder, not selling in IPO
• Ritesh Agarwal (founder) — 26.71% combined (RA Hospitality + personal) — not selling
• Oravel Employee Welfare Trust — 5.39%
• Microsoft — strategic investor, not selling
• Airbnb — 1.22%, not selling
• Peak XV Partners, Lightspeed, Greenoaks Capital, Khazanah Nasional — not selling
Business Model — How OYO Makes Money
OYO operates an asset-light hospitality technology platform. It does not own hotels — it partners with independent hotel and home owners, provides technology, branding, distribution, and revenue management tools, and earns through platform fees and commissions.
Revenue streams:
• Platform fees from hotel and home partners
• Revenue from company-operated storefronts (1,573 in India — ~50% of India GBV)
• US revenue from G6 Hospitality's Motel 6 and Studio 6 brands — 27% of total revenue in 9M FY26
• Co-working and extended-stay accommodations under PRISM's 43 global brands
WHY THE BUSINESS MODEL MATTERS The asset-light model means OYO can scale without large capital expenditure. Profitability in FY26 came largely from cost discipline and the G6 acquisition adding high-margin US revenue. Over 84% of total revenue is international. |
Key Risks — Read Before Investing
• High debt. ₹4,987.5 crore of IPO proceeds go toward debt repayment — the balance sheet is still heavily leveraged.
• IPO valuation vs. unlisted price. At $7–8 billion target, the implied IPO price may be ₹70+, a significant premium over today's ₹24.5.
• Four IPO attempts. Multiple withdrawals have damaged investor confidence. Market conditions could still shift.
• International revenue concentration. Over 84% of revenue from outside India means currency risks and global economic exposure.
• 6-month lock-in for pre-IPO investors. You cannot sell pre-IPO shares for 6 months after OYO lists.
• Competition. Airbnb, Booking.com, and established hotel chains are formidable competitors globally.
⚠️ RISK REMINDER — PLEASE READ Unlisted share investments carry significant risks including illiquidity, valuation uncertainty, and a mandatory 6-month post-IPO lock-in period. Invest only what you can allocate to higher-risk, longer-horizon positions. Consult a SEBI-registered investment advisor before investing. |
How to Buy OYO Unlisted Shares via We Grow Wealth
1. Contact our team via WhatsApp or the website to confirm the current price and lot availability.
2. Submit KYC documents — your Client Master Report (CMR from your broker), PAN card, and cancelled cheque if transferring from a secondary bank account.
3. Transfer payment via RTGS / NEFT / IMPS to the account details provided. No cash deposits accepted.
4. Shares are credited to your Demat account (NSDL or CDSL) within 24 hours of payment received before 2 PM on working days.
Frequently Asked Questions
What is the current OYO unlisted share price in 2026?
OYO unlisted shares are trading at approximately ₹24–₹25 per share as of July 2026. At We Grow Wealth, the current price is ₹24.5 with a minimum lot size of 1,000 shares (minimum investment ~₹24,500).
Has OYO filed for an IPO in 2026?
Yes. PRISM filed its Updated DRHP with SEBI on June 30, 2026 for a ₹6,650 crore IPO. SEBI had granted approval earlier in June. The issue is 100% fresh — no existing shareholders are selling.
Is OYO profitable in 2026?
Yes. PRISM reported a PAT of ₹748 crore for 9M FY26 — more than 3 times the full-year FY25 PAT of ₹245 crore. EBITDA doubled to ₹2,127 crore in the same period.
What is OYO's IPO valuation?
PRISM is targeting $7–8 billion (~₹58,000–67,000 crore). The final price band will be announced in the Red Herring Prospectus, expected in late July or August 2026.
What is the lock-in period for OYO unlisted shares?
As per SEBI rules, retail and HNI investors face a mandatory 6-month lock-in from the IPO listing date. You cannot sell pre-IPO shares for 6 months after OYO lists on NSE/BSE.
Why did OYO rebrand to PRISM?
Oravel Stays changed its corporate name to PRISM Hotels and Resorts in September 2025 to reflect its expanded global portfolio. OYO remains the consumer brand; PRISM is the legal listing entity.
DISCLAIMER
This article is for informational and educational purposes only and does not constitute investment advice. Unlisted share investments carry significant risks including illiquidity, valuation uncertainty, and a mandatory 6-month post-IPO lock-in period. Financial data sourced from PRISM's DRHP filed June 30, 2026, SEBI announcements, and reputed financial media. Consult a SEBI-registered investment advisor before investing.
After three failed attempts and years of investor patience, OYO is finally within touching distance of a stock market listing. On June 30, 2026 — just three days ago — PRISM Hotels and Resorts, the parent company of OYO, filed its Updated Draft Red Herring Prospectus with SEBI for a ₹6,650 crore IPO. Shares are currently available in the pre-IPO market at ₹24.5. With profitability finally established, a globally diversified business, and SEBI approval in hand, this is the most credible OYO IPO attempt yet. Here is everything an investor needs to know.
KEY TAKEAWAYS • OYO unlisted shares trading at ₹24.5 (July 2026). 52-week range: ₹20 – ₹29. • Parent company PRISM filed updated DRHP with SEBI on June 30, 2026 for a ₹6,650 crore IPO. • 100% fresh issue — SoftBank, Microsoft, Airbnb, and founder Ritesh Agarwal are not selling. • FY26 9-month PAT ₹748 Cr — 3x the full-year FY25 PAT of ₹245 Cr. EBITDA doubled to ₹2,127 Cr. • 84%+ of revenue from international markets. US alone: 27% of total revenue after G6 acquisition. • IPO target valuation: $7–8 billion. Price band and listing date TBA (expected second half of 2026). • Pre-IPO investors face a mandatory 6-month lock-in after listing. Plan your horizon accordingly. |
🔴 BREAKING — JUNE 30, 2026 PRISM filed its Updated DRHP with SEBI on June 30, 2026. The proposed IPO is a 100% fresh issue of ₹6,650 crore — no existing shareholders are selling. SEBI had granted its approval earlier in June after PRISM submitted a confidential pre-filing in December 2025. This is OYO's fourth attempt to list, after withdrawals in 2022, 2023, and 2024. |
At a Glance — Key Numbers
CURRENT PRICE ₹24.5 As of July 3, 2026 | 52-WEEK RANGE ₹20 – ₹29 Low / High | LOT SIZE 1,000 Min. investment ~₹24,500 |
IPO SIZE ₹6,650 Cr 100% fresh issue | IPO VALUATION $7–8 Bn Target range | ISIN INE561T01021 NSDL & CDSL |
What Is OYO — and Why Is It Called PRISM Now?
Most investors still search for 'OYO unlisted shares' — but the legal entity you are actually investing in is now called PRISM Hotels and Resorts (formerly Oravel Stays Limited). The company rebranded in September 2025 to reflect its expanding portfolio beyond budget hotels. OYO remains the consumer-facing brand; PRISM is the entity that will list on NSE and BSE.
Founded in 2013 by Ritesh Agarwal, OYO started as a budget-hotel aggregator in India. It has grown into a global hospitality technology platform with 243,303 hotels and 144,583 homes across 35+ countries. The December 2024 acquisition of G6 Hospitality (Motel 6, Studio 6) from Blackstone for $525 million significantly expanded its US business.
Financial Performance — The Numbers That Matter
The biggest question investors have had about OYO for years: is it actually making money? The answer has changed significantly in FY26.
Metric | FY24 | FY25 | 9M FY26 |
Revenue from operations | ₹5,389 Cr | ₹6,259 Cr | ₹6,941 Cr |
EBITDA | ₹887 Cr | ₹953 Cr | ₹2,127 Cr |
PAT (Profit After Tax) | ₹229 Cr | ₹245 Cr | ₹748 Cr |
EPS | ₹1.72 | — | — |
P/E Ratio | 148.57 | — | — |
KEY FINANCIAL SHIFT FY26 nine-month PAT of ₹748 crore already exceeds the full-year FY25 PAT of ₹245 crore by more than 3 times. EBITDA more than doubled to ₹2,127 crore in just nine months. This is the financial improvement that finally allowed OYO to push its IPO through SEBI. |
OYO IPO 2026 — What the DRHP Says
PRISM filed its Updated DRHP with SEBI on June 30, 2026. Here is what investors need to know:
IPO Detail | As per UDRHP (June 30, 2026) |
Legal entity | PRISM Hotels and Resorts (formerly Oravel Stays Ltd) |
Issue size | ₹6,650 crore — 100% fresh issue |
Offer for Sale (OFS) | None — no existing shareholders selling |
Use of proceeds | ₹4,987.5 Cr for debt repayment; rest for general corporate purposes |
Pre-IPO placement | Up to ₹1,330 Cr (deducted from issue size if completed) |
Target valuation | $7–8 billion (~₹58,000–67,000 crore) |
Expected listing | NSE and BSE — target second half of 2026 |
Lead managers | Axis Capital, Goldman Sachs, ICICI Securities, Citigroup, SBI Capital, JM Financial |
Largest shareholder | SoftBank — 40.04% stake (not selling) |
The fact that this is a 100% fresh issue is significant. Every rupee raised goes directly into PRISM to pay down debt. SoftBank, Microsoft, Airbnb, Peak XV, and founder Ritesh Agarwal are not selling any shares. That signals confidence in the company's future.
This is OYO's fourth attempt to list after withdrawals in 2022, 2023, and 2025. What is different this time: SEBI approval is in hand, financials are meaningfully improved, and the issue size has been cut by 40% to a more realistic ₹6,650 crore.
OYO Unlisted Share Price — History & What's Driving It
Period | Price range | What drove the move |
2021 (peak) | ₹200–₹370 | Original IPO hype, $12B valuation, first DRHP filing |
2022–23 | ₹50–₹80 | IPO withdrawal, global tech selloff, valuation reset |
2024 | ₹30–₹60 | Second IPO withdrawal, debt concerns, SoftBank pushback |
Early 2026 | ₹20–₹24 | Muted sentiment, IPO delays persisting |
June–July 2026 | ₹24–₹29 | SEBI approval, DRHP filing, improved FY26 financials |
At ₹24.5 today, OYO unlisted shares are priced at a significant discount to their 2021 peak. Investors who bought at ₹200+ in 2021 are still underwater, which is the clearest risk signal this stock carries into its IPO.
Who Currently Holds OYO Shares?
• SoftBank (SVF India Holdings) — 40.04% — largest shareholder, not selling in IPO
• Ritesh Agarwal (founder) — 26.71% combined (RA Hospitality + personal) — not selling
• Oravel Employee Welfare Trust — 5.39%
• Microsoft — strategic investor, not selling
• Airbnb — 1.22%, not selling
• Peak XV Partners, Lightspeed, Greenoaks Capital, Khazanah Nasional — not selling
Business Model — How OYO Makes Money
OYO operates an asset-light hospitality technology platform. It does not own hotels — it partners with independent hotel and home owners, provides technology, branding, distribution, and revenue management tools, and earns through platform fees and commissions.
Revenue streams:
• Platform fees from hotel and home partners
• Revenue from company-operated storefronts (1,573 in India — ~50% of India GBV)
• US revenue from G6 Hospitality's Motel 6 and Studio 6 brands — 27% of total revenue in 9M FY26
• Co-working and extended-stay accommodations under PRISM's 43 global brands
WHY THE BUSINESS MODEL MATTERS The asset-light model means OYO can scale without large capital expenditure. Profitability in FY26 came largely from cost discipline and the G6 acquisition adding high-margin US revenue. Over 84% of total revenue is international. |
Key Risks — Read Before Investing
• High debt. ₹4,987.5 crore of IPO proceeds go toward debt repayment — the balance sheet is still heavily leveraged.
• IPO valuation vs. unlisted price. At $7–8 billion target, the implied IPO price may be ₹70+, a significant premium over today's ₹24.5.
• Four IPO attempts. Multiple withdrawals have damaged investor confidence. Market conditions could still shift.
• International revenue concentration. Over 84% of revenue from outside India means currency risks and global economic exposure.
• 6-month lock-in for pre-IPO investors. You cannot sell pre-IPO shares for 6 months after OYO lists.
• Competition. Airbnb, Booking.com, and established hotel chains are formidable competitors globally.
⚠️ RISK REMINDER — PLEASE READ Unlisted share investments carry significant risks including illiquidity, valuation uncertainty, and a mandatory 6-month post-IPO lock-in period. Invest only what you can allocate to higher-risk, longer-horizon positions. Consult a SEBI-registered investment advisor before investing. |
How to Buy OYO Unlisted Shares via We Grow Wealth
1. Contact our team via WhatsApp or the website to confirm the current price and lot availability.
2. Submit KYC documents — your Client Master Report (CMR from your broker), PAN card, and cancelled cheque if transferring from a secondary bank account.
3. Transfer payment via RTGS / NEFT / IMPS to the account details provided. No cash deposits accepted.
4. Shares are credited to your Demat account (NSDL or CDSL) within 24 hours of payment received before 2 PM on working days.
Frequently Asked Questions
What is the current OYO unlisted share price in 2026?
OYO unlisted shares are trading at approximately ₹24–₹25 per share as of July 2026. At We Grow Wealth, the current price is ₹24.5 with a minimum lot size of 1,000 shares (minimum investment ~₹24,500).
Has OYO filed for an IPO in 2026?
Yes. PRISM filed its Updated DRHP with SEBI on June 30, 2026 for a ₹6,650 crore IPO. SEBI had granted approval earlier in June. The issue is 100% fresh — no existing shareholders are selling.
Is OYO profitable in 2026?
Yes. PRISM reported a PAT of ₹748 crore for 9M FY26 — more than 3 times the full-year FY25 PAT of ₹245 crore. EBITDA doubled to ₹2,127 crore in the same period.
What is OYO's IPO valuation?
PRISM is targeting $7–8 billion (~₹58,000–67,000 crore). The final price band will be announced in the Red Herring Prospectus, expected in late July or August 2026.
What is the lock-in period for OYO unlisted shares?
As per SEBI rules, retail and HNI investors face a mandatory 6-month lock-in from the IPO listing date. You cannot sell pre-IPO shares for 6 months after OYO lists on NSE/BSE.
Why did OYO rebrand to PRISM?
Oravel Stays changed its corporate name to PRISM Hotels and Resorts in September 2025 to reflect its expanded global portfolio. OYO remains the consumer brand; PRISM is the legal listing entity.
DISCLAIMER
This article is for informational and educational purposes only and does not constitute investment advice. Unlisted share investments carry significant risks including illiquidity, valuation uncertainty, and a mandatory 6-month post-IPO lock-in period. Financial data sourced from PRISM's DRHP filed June 30, 2026, SEBI announcements, and reputed financial media. Consult a SEBI-registered investment advisor before investing.
Mukesh Garg
Founder & Managing Director of We Grow Wealth
Mukesh Garg is a practising Chartered Accountant with deep expertise in equity investments, unlisted shares, and pre-IPO opportunities. With years of experience advising investors across the Delhi NCR region, he specialises in helping individuals navigate India's evolving capital markets — from unlisted share valuations to IPO analysis and tax-efficient wealth planning.