OYO parent Prism files updated papers for ₹6,650-cr IPO; all-fresh issue, no investor exit
Prism (OYO) refiled SEBI papers for an entirely fresh ₹6,650-cr IPO with no offer-for-sale, including a ₹1,330-cr pre-IPO placement. Proceeds mainly fund ₹4,987.5-cr debt repayment. India storefronts rose to 1,573, with 9MFY26 revenue at ₹6,941 cr and PAT of ₹748 cr.
OYO parent Prism filed updated SEBI papers for a ₹6,650-cr IPO, entirely fresh issue with no OFS. Proceeds mainly repay debt. India hotel storefronts grew to 1,573; profitability improved sharply in 9MFY26.
Why this matters
Prism's refiled IPO signals OYO's pivot to a debt-light, profit-backed listing, with proceeds funding ₹4,987.5-cr repayment rather than investor exits, alongside 9MFY26 PAT of ₹748 cr.
Retail-company signals accelerating, up 428300% QoQ.