Prism, the parent of OYO, files updated draft papers for an initial public offering (IPO) worth ₹6,650 crore, according to multiple reports. The company’s updated DRHP indicates the fundraising is planned entirely through a fresh issue of shares, with no offer for sale (OFS) by existing shareholders. This means current investors are not expected to sell their stakes in the IPO. The reports also say Prism may conduct a pre-IPO placement of up to ₹1,330 crore before submitting the regular prospectus (RHP) to market the shares. If the pre-IPO placement proceeds, it is expected to reduce the amount being raised through the subsequent public fresh issue. One stated area of focus in the draft papers is repayment of debt. Overall, the filings outline both the structure of the IPO—fresh issue only—and the possibility of additional private placement funding prior to the public offering.
OYO Parent Prism Files Updated Draft Papers for ₹6,650-crore IPO
Prism, the parent of OYO, files updated draft papers for an initial public offering (IPO) worth ₹6,650 crore, according to multiple reports. The company’s updated DRHP indicates the fundraising is pla...
- Prism, OYO’s parent, files updated draft papers (DRHP) for a planned IPO.
- The IPO amount is reported as ₹6,650 crore and is planned as a fresh issue of shares.
- Reports say there is no offer for sale (OFS), and existing investors are not expected to sell stakes.
- Prism may also undertake a pre-IPO placement of up to ₹1,330 crore before filing the RHP, which would reduce the IPO fresh-issue amount.
- Debt repayment is cited as a focus in the company’s updated filings.
Sources said Prism may also undertake a pre-IPO placement of up to Rs 1,330 crore before the public issue. The company plans to raise Rs 6,650 crore entirely through a fresh issue of shares, with no offer for sale (OFS) component.
3 hours agoAccording to the Updated DRHP filed on Tuesday, Prism may also undertake a pre-IPO placement of up to ₹1,330 crore before filing the RHP. If completed, the amount raised through the fresh issue will be reduced accordingly.
4 hours ago
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