Oyo parent Prism files updated IPO papers for fresh issue worth Rs 6,650 crore

Oyo parent Prism (Oravel Stays) filed updated IPO papers with Sebi for a Rs 6,650 crore fresh issue, with Rs 4,987.5 crore earmarked for repayment or prepayment of borrowings. The company may also consider a pre-IPO placement of up to Rs 1,330 crore. For 9M FY26, Prism reported revenue of Rs 6,941 crore and net profit of Rs 748 crore, while S&P Global revised its outlook on the company to Positive from Stable, affirming its B issuer credit rating.