Prism, OYO parent, files updated papers for ₹6,650 crore fresh-share IPO

New Delhi: Prism, the parent company of OYO, which started out as a budget hotel aggregator in India, now derives nearly 84 per cent of its revenue from global operations, supported by extensive international expansion in recent years, the firm's updated draft papers filed with Sebi showed.Prism has filed updated draft papers with the Securities and Exchange Board of India (SEBI) to raise up to Rs 6,650 crore through a fresh issue, along with a possible pre-IPO placement of up to Rs 1,330 crore, which would be adjusted against the final issue size.The filing shows that while overseas markets now contribute the bulk of the company's revenues, the business has become increasingly diversified across geographies and hospitality formats. Gross Booking Value (GBV) , which comprises bookings across PRISM's hotels, homes and listings, is the company's primary measure of operating scale.Tax Benefits On Small Savings Schemes Explained, Know Which Post Office Investments Qualify For ₹1.5 Lakh Deduction Under Section 80C As per the Updated Draft Red Herring Prospectus (UDRHP), for the nine months ended December 31, 2025, Prism reported a global GBV of Rs 22,946.25 crore. The US was the largest contributor with Rs 12,022.51 crore, marking 52.39 per cent of total global bookings.Europe contributed Rs 4,039.11 crore, or 17.60 per cent, India contributed Rs 2,731.71 crore, or 11.91 per cent, while Southeast Asia and other international markets accounted for the rest.For the nine months ended December 31, 2025, Prism's revenue from operations stood at Rs 6,940.97 crore. Overseas markets contributed 83.77 per cent to the total revenue, while India contributed 16.23 per cent.Among overseas markets, the US accounted for 27.07 per cent of revenue from operations, Europe 23.62 per cent, and the United Kingdom 5.44 per cent.The sharp increase in overseas contribution has largely been driven by the acquisition of G6 Hospitality, which owns the Motel 6 and Studio 6 brands across North America.India’s Water Sector Opens ₹20 Lakh Crore Investment Opportunity, Rising Demand May Exceed Supply By 2030: Report The company's European portfolio includes brands such as CheckMyGuest, Dancenter, Belvilla & Direct Booker.Prism's scale has expanded across hotels, homes and listings. As of December 31, 2025, it operated 2,93,554 storefronts globally, comprising 24,303 hotel storefronts, 124,668 home storefronts and 144,583 listing storefronts across more than 35 countries.The company reported a net profit of Rs 748 crore for the nine months ended December 31, 2025, compared with Rs 245 crore in FY25.It has proposed to utilise Rs 4,987.5 crore from the IPO proceeds towards repayment or prepayment of borrowings. The proposed IPO is entirely a fresh issue, with existing shareholders, including SoftBank, Microsoft, Airbnb, Khazanah, Peak XV, Lightspeed and others, not selling shares through the offer.(Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)

Prism, the hospitality technology company and parent of OYO, has filed updated draft papers with market regulator Sebi for a proposed initial public offering (IPO) worth ₹6,650 crore. The offering will be entirely a fresh issue of equity shares, with no offer-for-sale (OFS) component, meaning existing shareholders will not dilute their stakes.Key investors such as SoftBank’s SVF India Holdings, founder Ritesh Agarwal, RA Hospitality Holdings, Microsoft, Airbnb, Khazanah, Lightspeed, Greenoaks Capital, and Peak XV Partners will retain their holdings and will not participate in any share sale during the IPO.According to the Updated Draft Red Herring Prospectus (UDRHP) filed on Tuesday, the company may also raise up to ₹1,330 crore through a pre-IPO placement. If this is completed, the size of the fresh issue will be reduced accordingly.Prism plans to utilise the majority of IPO proceeds for financial strengthening. Around ₹4,987.5 crore will be used for repayment or prepayment of existing borrowings, while the remaining funds will be allocated for general corporate purposes.Oyo Parent Prism Eyes ₹6,650 Crore IPO, Sebi Clears 5 Companies Planning To Raise Nearly ₹10,000 Crore The filing follows a confidential pre-filing submitted in December 2025, which allowed Prism to keep key details of the IPO, including issue size and structure, private until a later stage of the process.Financially, the company has reported a significant improvement in performance. Revenue from operations stood at ₹6,941 crore for the nine months ended December 31, 2025, surpassing its full-year FY25 revenue of ₹6,259 crore. Profit after tax (PAT) also rose sharply to ₹748 crore in 9MFY26, compared to ₹245 crore in FY25.Prism, formerly known as Oravel Stays, was rebranded in September 2025. The company currently operates 43 brands across more than 35 countries, with a portfolio of 24,303 hotels, 124,668 homes, and 144,583 listings, including 14,937 storefronts in India.Its India hotel business has shown strong expansion, with storefronts increasing to 1,573 by December 2025 from 1,053 in March 2025. Gross Booking Value (GBV) from this segment reached ₹1,346.45 crore during 9MFY26.The company’s US operations, boosted by the acquisition of G6 Hospitality (Motel 6 and Studio 6), have become a major growth driver. US GBV surged to ₹12,022.51 crore in 9MFY26 from ₹4,712.83 crore in FY25, contributing over 52% of global GBV.

Hospitality firm Prism, parent of OYO, has filed updated papers for a Rs 6,650 crore IPO, comprising only a fresh issue of shares. The company plans to use most proceeds to repay borrowings. Prism reported a significant jump in revenue and profit for the first nine months of FY26, driven by its US business. S&P Global Ratings also revised Prism's outlook to 'Positive'.

Oyo parent Prism publicly files for Rs 6,650 cr IPO

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.

According 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.