PRISM files IPO papers for Rs 6650 crore fresh issue, reports Rs 748 crore Profit in 9MFY26

Hospitality platform PRISM (parent of OYO) has filed draft IPO papers with Sebi for an entirely fresh issue of up to Rs 6,650 crore, with no offer for sale component and a possible pre-IPO placement of up to Rs 1,330 crore. About Rs 4,987.5 crore of the net proceeds will be used for repayment or prepayment of borrowings, with the balance for general corporate purposes. The company reported a net profit of Rs 748 crore in 9MFY26 against Rs 245 crore in FY25, with revenue from operations of Rs 6,941 crore and EBITDA of Rs 2,127 crore; about 84% of revenue now comes from outside India following the 2024 acquisition of G6 Hospitality.