Oyo Parent Prism Gets Sebi Nod for ₹6,650 Crore IPO After Three Attempts
मुख्य बातें
- •Prism, Oyo’s parent company, has secured Sebi’s approval for an IPO aiming to raise ₹6,650 crore, targeting a $7–8 billion valuation.
- •The company plans to file updated draft papers by early July but has not yet finalized a listing timeline due to market volatility.
- •Prism reported a profit of ₹216 crore in Q1FY26 and expanded globally by acquiring US-based G6 Hospitality, enhancing its international footprint.
- •The IPO market remains subdued with delays and weak investor sentiment, affecting valuations and listing timelines for new-age companies.
- •Zepto, another high-profile IPO candidate, could list as early as July if market conditions stabilize, adding to the competitive IPO landscape.
Prism, the parent company of Oyo Rooms, has finally received the green light from the Securities and Exchange Board of India (Sebi) to proceed with its initial public offering (IPO), marking its third attempt to go public. According to sources familiar with the matter, the company plans to raise up to ₹6,650 crore through a fresh issue of shares, aiming for a valuation of $7 billion to $8 billion. While the IPO approval is a significant milestone, Prism has yet to finalize a listing timeline due to ongoing market volatility stemming from global conflicts. The company had initially filed IPO papers through the confidential route in December and now plans to submit updated draft papers by early July, the sources added. When contacted, Prism declined to comment, stating, “The company is currently evaluating market conditions and broader listing timelines.”
