Oyo parent Prism files third attempt at Rs 6,650 crore IPO, repositions as asset-light global platform
Prism, Oyo's parent, filed updated draft papers for a Rs 6,650 crore ($700M) IPO, its third try. It reports Rs 920 crore profit on Rs 7,000 crore 9M revenue, but carries Rs 7,500 crore debt with Rs 750 crore annual interest. Some 75% of proceeds target debt repayment from its acquisition-fueled US, Europe and Australia expansion.
Oyo parent Prism filed updated draft papers for a Rs 6,650 crore IPO, its third attempt, repositioning as an asset-light global hospitality platform. Most proceeds target debt repayment on acquisition-fueled growth spanning US, Europe and Australia hotel assets.