Oyo’s parent company Prism receives approval from India’s capital markets regulator, SEBI, to launch an IPO of about ₹6,650 crore, according to multiple reports. The approval follows Prism’s earlier submission of its IPO draft papers to SEBI via the confidential pre-filing (confidential filing) route in late December 2025. This route allows companies to obtain initial regulator feedback on draft documents before they are publicly disclosed. Reports also say Prism expects to file an updated draft prospectus in early July, as it weighs market conditions and finalizes listing timelines. While the SEBI nod indicates regulatory clearance for the IPO process to move forward, outlets note that timing remains subject to the company’s assessment of conditions in the market. One report also describes Prism’s valuation target, stating it aims for up to about $8 billion, though the exact valuation range and final price band depend on subsequent steps in the IPO process. Overall, the company is moving from regulator approval toward public documentation and later listing preparations.