Palette Hotels
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Oyo parent Prism secures Sebi nod for ₹6,650-cr IPO at $7-8 bn valuation
Prism, Oyo's parent, has cleared Sebi for a ₹6,650-crore public issue targeting a $7-8 billion valuation, with UDRHP-1 expected in early July. Moody's sees FY26 EBITDA doubling to $280 million, driven by premium brands and the G6 Hospitality buy.
Business Today · Latest · 6/2/2026, 1:19:45 PM
OYO parent PRISM clears Sebi hurdle, eyes $7-8 billion IPO valuation
PRISM, the rebranded parent of OYO, has won Sebi approval for a public listing targeting a $7-8 billion valuation with a ₹6,650 crore fresh issue. The company plans to file its UDRHP by early July 2026, betting on premium brands like Sunday Hotels, self-operated assets, and spiritual tourism corridors.
Mint · Markets · 6/2/2026, 12:42:51 PM