Oyo-parent Prism secures SEBI's nod to launch ₹6,650-crore IPO
Prism, the parent company of Oyo, has received approval from SEBI to launch a ₹6,650 crore IPO. The IPO is anticipated to value the company between $7-8 billion. Prism aims to strengthen its market presence while preparing for the public offering in the coming months.
- ▪Prism secured clearance from SEBI to raise ₹6,650 crore through its IPO.
- ▪The company plans to file a public Updated Draft Red Herring Prospectus in early July.
- ▪Prism has appointed several financial institutions as lead managers for the IPO.
Opening excerpt (first ~120 words) tap to expand
Prism, the parent firm of global travel tech unicorn Oyo, has secured clearance from markets regulator Sebi to raise ₹6,650 crore through its initial public offering (IPO), people familiar with the development said on Tuesday (June 2, 2026).The proposed public offering is expected to value the company at $7-8 billion, they added. Oyo's parent entity Prism filed the preliminary IPO papers with Sebi in December 2025 through the confidential route.The filing followed shareholders' approval at an Extraordinary General Meeting (EGM) held on December 20, 2025, where the company received consent to raise up to ₹6,650 crore through a fresh issue of equity shares.Prism opted for the confidential pre-filing route, which allows the company to engage with the Securities and Exchange Board of India…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Hindu.
Discussion
0 commentsMore from The Hindu
