Prism, Oyo's parent, has cleared Sebi's approval hurdle for its Rs 6,650 crore IPO on the third attempt, targeting a $7-8 billion valuation. Updated DRHP is expected by early July, with Q1FY26 profit at Rs 216 crore signaling improved fundamentals. Listing timing remains contingent on market conditions.

Times of India · Business · 6/2/2026, 3:32:43 PM

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

PRISM, the parent of hospitality platform OYO, has secured SEBI approval for its public listing with a fresh issue of up to ₹6,650 crore. The company is targeting a $7-8 billion valuation and plans to file an Updated DRHP by early July, marking a major milestone after years of delayed listing attempts.

CNBC-TV18 · Companies · 6/2/2026, 12:19:27 PM

PRISM, parent of OYO, is rolling out 38 Studio 6 extended-stay hotels under G6 Hospitality following its $525M G6 acquisition. Phase one covers 8 properties; the broader 30-property push spans New York, Las Vegas, Dallas, Houston and Phoenix, targeting project-based travelers, medical staff and relocating families.

CNBC-TV18 · Companies · 5/25/2026, 12:26:56 PM

PRISM-owned G6 Hospitality launched 38 new Studio 6 extended-stay properties spanning New York, Dallas, Houston, Phoenix, Charlotte, St Louis and Las Vegas. The 100-120 room hotels follow PRISM's $525M G6 acquisition, with India-built tech, revenue management and AI systems set to be deployed across the portfolio.

ET Small Business · 5/25/2026, 9:04:12 AM