OYO Parent Prism Files DRHP For ₹6,650 Crore IPO, Reviving Long-Delayed Market Debut
OYO's parent Prism has filed its draft red herring prospectus with SEBI for a ₹6,650 crore fresh issue, with proceeds earmarked mainly to repay borrowings. The company reported ₹748 crore profit for the first nine months as it revives its delayed listing plans.
OYO's parent Prism has filed its DRHP with SEBI for a ₹6,650 crore fresh issue IPO, proceeds mainly to repay borrowings, reporting ₹748 crore profit for the first nine months, reviving its long-delayed market debut.
Why this matters
Prism's DRHP filing marks a turnaround attempt after repeated IPO delays, with the ₹748 crore nine-month profit signaling improved fundamentals ahead of its public market debut.
Retail-company signals accelerating (+440600% QoQ).