The Securities and Exchange Board of India (Sebi) has given Prism, the parent company of the travel and hospitality technology platform OYO, permission to move forward with its planned initial public offering (IPO), moving the business one step closer to a stock market listing.
The corporation intends to issue new shares in order to raise Rs 6,650 crore. In December 2025, Prism submitted its draft documents via Sebi’s private pre-filing method, which allowed it to start the regulatory review process without immediately giving the public access to comprehensive financial data.
The company’s most recent attempt to go public is the proposed IPO. In 2021, OYO first submitted draft documents for an IPO; however, because of difficult market conditions after the pandemic, the proposal was later withdrawn. Sebi sought clarity on some areas of the problem, but a second attempt in 2023 also failed.
In December 2025, the company decided to use its parent company, Prism, for the secret filing process.
Prism has until the first week of July to submit its updated draft red herring prospectus (UDRHP-1) as part of the listing process. After then, the document will be open for public discussion for 21 days.
The company declared a profit of Rs 245 crore on revenue of Rs 6,253 crore in FY25 prior to the scheduled offering. Additionally, it demonstrated an increase in operating performance as it gets ready to enter the public markets by extending its EBITDA-positive streak to 12 consecutive quarters.
Given OYO’s widespread presence in hotels, vacation rentals, and travel-related services in both domestic and foreign markets, the IPO is anticipated to be among the most keenly watched offers in India’s consumer technology and hospitality industries.
Before changing its name to Prism in September 2025, the business was known as Oravel Stays.
A group of investment banks, including Axis Capital, Citibank, Goldman Sachs, ICICI Securities, SBI Capital Markets, JM Financial, InCred Capital, and Intensive Fiscal Services, will oversee the issue.
Additionally, between June 1 and June 5, SEBI issued observations approving IPO applications from Veegaland Developers, Truhome Finance, Advanta Enterprises, and Mehta Hitech Industries. On June 02, Prism was approved by the regulator.
- OYO IPO – OYO’s upcoming public offering aimed at raising capital and expanding its presence in the hospitality sector.
- Prism IPO – The initial public offering planned by Prism Hotels & Resorts, the parent company of OYO.
- OYO Parent Prism – Prism Hotels & Resorts, the company behind OYO’s global hotel and travel platform operations.
- SEBI IPO Approval – The regulatory clearance granted by India’s market regulator, SEBI, allowing Prism to proceed with its IPO plans.
- OYO Stock Market Listing – OYO’s journey toward becoming a publicly traded company through a stock exchange listing in India.
- Prism Hotels IPO – The proposed ₹6,650 crore public issue by Prism Hotels aimed at attracting investors and funding future growth.
- 6650 Crore IPO – One of the largest IPOs in the hospitality startup sector, highlighting strong investor interest and market confidence.
- OYO News – The latest developments, financial updates, business strategies, and expansion plans related to OYO.
- Indian IPO Market—The growing ecosystem of public offerings in India, attracting startups, established businesses, and retail investors.
- Hospitality Sector IPO – A significant public offering from the hospitality industry, reflecting the sector’s recovery and growth potential.
