OYO Parent Prism Bonus Share Record Date is Today (Dec 5) Ahead of IPO Vote

Prism, the parent company of hospitality platform OYO, has reached a key milestone in its ongoing capital restructuring efforts. 

Today, December 5, is the record date to determine which shareholders are eligible to receive bonus shares under its proposed 1:19 issuance plan, one bonus share for every nineteen shares held, subject to final shareholder approval.

Revised Bonus Issue Structure Ensures Uniform Treatment

The bonus issue terms were recently revised after receiving inputs from investors and stakeholders. Prism restructured the framework to ensure that all equity shareholders are treated uniformly, aligning the bonus entitlement with corporate governance expectations.

As per the EGM notice, the bonus shares will be issued from Prism’s reserves and share premium balances.

To understand the mechanism, consider this example: if an investor holds 190 shares of Prism, they would become eligible to receive 10 fully paid bonus shares, provided the proposal is approved. Similarly, a shareholder with 19 shares would receive one bonus share, illustrating how the entitlement ratio applies proportionately across holdings.

Record Date of December 5 Confirmed

With Dec 5 confirmed as the record date, all shareholders whose holdings appear in their demat accounts by the end of today will qualify for the bonus shares. The proportion of 1:19 remains unchanged and will take effect once procedural approvals are completed.

EGM on December 20 to Decide IPO Authorisation

The bonus issue is only one part of Prism’s broader capital strategy. The company has also scheduled another Extraordinary General Meeting for December 20, where shareholders will vote on whether to authorise the company’s long-anticipated IPO. 

The proposed offering aims to raise up to ₹6,650 crore through a fresh issuance of equity shares, marking a significant step in Prism’s preparation for entering the public markets.

Also Read: How to Buy NSE Unlisted Shares in India?

Conclusion

With the bonus share record date falling today, Prism has moved decisively toward completing its capital restructuring goals. The upcoming December 20 vote will be equally pivotal, determining whether the company proceeds with its ₹6,650 crore IPO.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.