OYO parent PRISM refiles for ₹6,650 cr fresh-issue IPO, eyes ₹4,988 cr debt cut
PRISM, OYO's parent, filed an updated DRHP with SEBI for a ₹6,650 crore fresh issue plus a ₹1,330 crore pre-IPO placement, with most proceeds earmarked for ₹4,987.5 crore in debt repayment. India storefronts rose to 1,573 hotels and 9M FY26 net profit hit ₹748 crore on ₹6,941 crore revenue.
OYO parent PRISM filed updated DRHP with SEBI for a ₹6,650 crore fresh-issue IPO, mostly for debt repayment. India serviced-hotel storefronts grew to 1,573, with strong 9M FY26 profit turnaround and US/Europe expansion.
Why this matters
PRISM's refiling marks OYO's renewed push to public markets, pairing a ₹6,650 crore fresh issue with debt reduction as India storefronts expand to 1,573 hotels and profits turn positive.
Retail-company signals accelerating at +429900% QoQ.