Oyo-Parent Prism Gets SEBI's Nod to Launch Rs 6,650-cr IPO

New Delhi, June 2: Prism, the parent firm of global travel tech unicorn Oyo, has secured clearance from markets regulator Sebi to raise Rs 6,650 crore through its initial public offering (IPO), people familiar with the development said on Tuesday.

The proposed public offering is expected to value the company at USD 7-8 billion, they added.

Oyo’s parent entity Prism filed the preliminary IPO papers with Sebi in December-end 2025 using 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 Rs 6,650 crore through a fresh issue of equity shares.

As the next step, the company will now file a public Updated Draft Red Herring Prospectus (UDRHP-1) which will be open for public comments for 21 days. People familiar with the development said the company is planning to file this by early July.

They said that Prism is currently evaluating market conditions and broader listing timelines while preparing to file its UDRHP-1.

(with inputs from PTI)