Oyo Parent Prism Filed DRHP with SEBI via Confidential Route for ₹6,650 Crore IPO

PRISM, Oyo’s parent company, has confidentially submitted draft IPO documents to the Securities and Exchange Board of India (SEBI) as per various news reports. 

The confidential pre-filing route has increasingly gained popularity among new-age companies. Several startups and growth-stage firms, including PhonePe, Meesho, Swiggy, Groww, PhysicsWallah, Shadowfax, Shiprocket, boAt, Aequs, Infra.Market, InCred Holdings, Zepto and Tata Play, have either adopted or explored this mechanism.

Oyo IPO Details

The move follows shareholder approval secured at an Extraordinary General Meeting (EGM) on December 20, authorising the company to raise up to ₹6,650 crore through a fresh equity issuance.

As per news reports, the proposed listing could value PRISM at approximately $7–8 billion. The company had earlier appointed ICICI Securities, Axis Capital, Goldman Sachs and Citibank as book-running lead managers for the offering and has since expanded the banking syndicate by onboarding additional advisors.

Oyo IPO History

PRISM’s IPO journey began in 2021, when it first filed draft offer documents with SEBI, later submitting a revised prospectus with updated financial and operational details. However, the company subsequently put its listing plans on hold amid heightened volatility in global capital markets.

Also Read: AICPDF Seeks IPO Pause from SEBI on Loss Making Quick Commerce Startups 

In the intervening period, PRISM has significantly scaled its footprint in India and overseas, while strengthening its premium offerings through brands such as SUNDAY Hotels and Palette. Its international expansion was further bolstered by the acquisition of US-based G6 Hospitality, the economy lodging franchisor behind Motel 6 and Studio 6.

For the quarter ended June 2025 (Q1 FY26), the company reported a net profit exceeding ₹200 crore on revenue of ₹2,019 crore.

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