OYO Pre-Files DRHP for IPO of INR 6,650 Cr.

Days after getting shareholder approval for its third attempt at a public listing, PRISMPRISM Datalabs_in-article-icon, the parent company of hospitality upstart OYO, pre-filed draft documents for an IPO.As part of the IPO, which is anticipated to include an offer-for-sale component, the business hopes to raise INR 6,650 Cr through a new issuance. The company is aiming for a valuation of $7 billion to $8 billion for the public offering, according to sources who spoke to Inc42. Bankers from ICICI Securities, Axis Capital, Goldman Sachs, and Citibank have been selected as the book running lead managers for the initial public offering.The INR 6,650 Cr IPO was authorised by PRISM's shareholders earlier this month at an extraordinary general meeting (EGM). In addition, a bonus issue of shares in the ratio of 1:19—that is, one fully paid equity share for every 19 shares held—was approved by the shareholders. In September 2025, it also authorised the issuance of a 1:1 bonus.

Interestingly, OYO initially submitted draft documents for an IPO in 2021 but then withdrew them due to market instability. Later, it pre-filed its DRHP but withdrew it last year, opting instead to refinance its $1.2 billion term debt from 2021 through a private capital deal.It is anticipated that the corporation will utilise a sizable portion of the money received from the new IPO to pay down debt. For more than a year, the business has been methodically getting ready to go public. It improved its profitability, expanded its premium range in India and outside, and changed the parent company name from OYO to PRISM earlier this year.