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Oyo Parent Prism Eyes November IPO Launch to Raise Rs 6,650 Crore
M
Moneycontrol•19-10-2026, 17:39
Oyo Parent Prism Eyes November IPO Launch to Raise Rs 6,650 Crore
- •Prism, the parent company of hospitality platform Oyo, is reportedly preparing to launch its initial public offering in November and is currently gauging investor demand.
- •The proposed IPO aims to raise up to Rs 6,650 crore entirely through a fresh issue of shares, according to its updated draft red herring prospectus.
- •A significant portion of the proceeds amounting to Rs 4,987.5 crore will be invested in subsidiary Oravel Stays Singapore Pte Ltd for debt repayment.
- •Founded in 2012, Oyo has expanded into a global platform spanning hotels, vacation homes, and subscription listings across more than 35 countries.
- •The company reported a net profit of Rs 748.3 crore on a revenue of Rs 6,941 crore for the nine months ended December 2025.
Key Questions Answered
Oyo's parent company Prism is looking to launch its initial public offering in November, pending investor demand and final market conditions.
According to its updated draft red herring prospectus from June 2026, the company proposes to raise up to Rs 6,650 crore entirely through a fresh issue of shares.
Prism plans to deploy Rs 4,987.5 crore toward investing in its subsidiary Oravel Stays Singapore Pte Ltd to repay or prepay certain borrowings, while using the remaining net proceeds for general corporate purposes.
