OYO parent PRISM clears SEBI hurdle for $7-8B IPO, plots Rs 6,650 cr fresh raise
PRISM, parent of OYO, has secured SEBI approval to launch its IPO at a $7-8 billion valuation with a Rs 6,650 crore fresh issue. UDRHP-1 filing comes next as the company scales self-operated premium hotels, vacation rentals (DanCenter), and religious destination plays across India, US, and Europe. FY26 EBITDA pegged at $280M; Moody's rates it B2.
OYO parent PRISM has received SEBI approval for its IPO, planning to raise Rs 6,650 crore at a $7-8 billion valuation. Company will next file UDRHP-1, while expanding self-operated premium hotels, vacation rentals, and religious destination properties across India, US, and Europe.
Why this matters
PRISM's SEBI clearance marks a major step toward a long-anticipated public listing for OYO's parent, validating its pivot to premium hotels, vacation rentals, and religious tourism with measurable EBITDA traction.
Retail-company signals steady at 1,662 over 90 days, reflecting sustained corporate activity.