Oyo IPO: Parent Prism files updated DRHP for ₹6,650 crore public issue

Prism, the parent company of OYO (formerly Oravel Stays), has filed an updated DRHP with Sebi for a ₹6,650 crore IPO comprising only a fresh issue, with no offer-for-sale component. Existing investors including SoftBank, founder Ritesh Agarwal, Microsoft, Airbnb, Khazanah, Lightspeed, Greenoaks Capital, and Peak XV will retain their stakes. Net proceeds of ₹4,987.5 crore will be used to repay or prepay borrowings. The company reported strong financials, with 9MFY26 revenue at ₹6,941 crore surpassing FY25 revenue of ₹6,259 crore, and PAT rising to ₹748 crore from ₹245 crore for full-year FY25.