According to the source, OYO IPO will consist of a fresh issue of equity shares. According to news reports, the potential offering may value PRISM at between $7-8 billion.
The book-running lead managers to the issue are Axis Capital, Citigroup Global Markets India, Goldman Sachs (India) Securities, ICICI Securities, SBI Capital Markets, JM Financial, InCred Capital, and Intensive Fiscal Services.
After receiving SEBI approval, OYO is expecting to submit updated draft papers (UDRHP – I), which will be available to public comments for 21 days. From which, the company will take feedback and move forward accordingly.
Founded in 2012 by Ritesh Agarwal, OYO is one of the leading hospitality platforms in India, owned by PRISM. Headquartered in Gurgaon, Haryana, OYO runs various leased and franchised hotels, homes, and other living spaces in India.
With a stronger emphasis on higher-value services, the business has now grown rapidly in India and other countries. Many new-age companies like Meesho, Swiggy, Groww, PhysicsWallah, and boAt have considered filing draft papers via a confidential route. SEBI’s confidential route gives privacy to the company.
Financially, in the Q1 FY26, PRISM generated a revenue of ₹2,019 crore (revenue increased by 47% compared to last year), and a net profit of over ₹200 crore. Moreover, the total value of bookings grew sharply by 144%, showing strong business growth. For more such IPO updates and queries, please follow IPO Watch.
