OYO parent PRISM eyes ₹6,650-cr IPO at $7-8 bn as Airbnb, SoftBank retain stakes
Oravel Stays (PRISM) plans a fresh-issue IPO of ₹6,650 crore to deleverage, targeting a ₹63,000-72,000 crore valuation. Marquee backers Airbnb, SoftBank, Sequoia and founder Ritesh Agarwal are holding shares. Company posted 9MFY26 EBITDA of ₹2,172 crore, with public shareholders at 36.02%.
OYO parent PRISM (Oravel Stays) plans a ₹6,650 crore fresh-issue IPO to deleverage, valuing the hospitality platform at $7-8 billion. Marquee investors Airbnb, SoftBank, Sequoia and promoter Ritesh Agarwal are retaining shares.
Why this matters
PRISM's IPO push signals OYO's shift toward profitability and deleveraging, with marquee backers Airbnb, SoftBank and Sequoia holding rather than exiting, underscoring confidence in the ₹2,172 crore EBITDA run-rate.
Retail-company signals accelerating at +774,400% QoQ.