Prism, the parent of hospitality firm Oyo, filed an updated draft prospectus with Sebi on Tuesday for a Rs 6,650 crore initial public offering. The issue is entirely a fresh issuance of shares, with all proceeds going to the company. Prism may also complete a pre-IPO placement of up to Rs 1,330 crore, which would reduce the size of the main issue. Of the net proceeds, Rs 4,987.5 crore will repay borrowings and the balance will fund general corporate needs. For the nine months ended December 31, 2025, Oyo posted revenue from operations of Rs 6,941 crore and a net profit of Rs 748 crore. Since 2012 the company has served 119.36 million unique customers and operates 43 brands in more than 35 countries. Its network comprised 24,303 hotels, 124,668 homes and 144,583 listings as of December 2025. Over 84 percent of revenue came from outside India. In 2024 Oyo acquired G6 Hospitality, operator of Motel 6 and Studio 6 in the US and Canada. Its company-serviced hotels in India rose 49 percent to 1,573 by December. S&P Global Ratings recently revised the firm’s outlook to Positive from Stable while affirming its B credit rating.
