OYO IPO: Parent Prism Files Updated DRHP With Sebi for Rs 6,650 Crore Issue

OYO’s parent Prism Hotels and Resorts has filed its Updated Draft Red Herring Prospectus (UDRHP-I) with the Securities and Exchange Board of India (Sebi) for a Rs 6,650 crore initial public offering (IPO). The issue will comprise entirely of a fresh issue of equity shares, with no offer-for-sale (OFS) component.

The updated filing comes weeks after Sebi approved the company's confidential draft IPO papers, which were submitted in December 2025.

Since there is no OFS, the entire proceeds from the public issue will go to the company. According to the reports, Prism plans to use around Rs 4,987.50 crore from the net proceeds to repay or prepay its borrowings, while the remaining amount will be deployed for general corporate purposes.

The company has also kept the option open to raise up to Rs 1,330 crore through a pre-IPO placement before filing the Red Herring Prospectus (RHP). If such a placement takes place, the size of the fresh issue will be reduced by the amount raised.