The public offering entirely comprises a fresh issue of shares. With no offer-for-sale component, the entire proceeds will accrue to the company.
Prism may also undertake a pre-IPO placement of up to Rs 1,330 crore before filing the Red Herring Prospectus (RHP). If completed, the amount raised through the pre-IPO placement will be deducted from the size of the fresh issue.
Per its updated draft papers, Prism will use Rs 4,987.5 crore from the net proceeds to repay or prepay borrowings. The remaining proceeds will be allocated toward general corporate purposes.
The updated filing follows Prism’s confidential DRHP submission in December 2025 and Sebi’s approval earlier this month, advancing the process for the company’s long-awaited IPO.
The Oyo parent changed its name from Oravel Stays to Prism last September, to reflect its global portfolio across stays and co-working spaces.
Here are key points from the UDRHP
- For the nine months ended December 31, 2025, Oyo reported revenue from operations of Rs 6,941 crore, surpassing its full-year FY25 revenue of Rs 6,259 crore. The company posted a net profit of Rs 748 crore during the period.
- Since 2012, Oyo has served 119.36 million unique customers.
- The company operates 43 brands across more than 35 countries.
- As of December 31, 2025, the network comprised 24,303 hotels, 124,668 homes and 144,583 listings.
- The company derives over 84% of its revenue from operations outside India, with the US and Europe contributing 27% and 24%, respectively, to overall revenue from operations in the first nine months of FY26. The company acquired G6 Hospitality in 2024 from private equity firm Blackstone, which operates the Motel 6 and Studio 6 brands in the US and Canada.
- In India, Oyo is expanding its company-serviced hotel business. These hotel storefronts increased 49% in number to 1,573 as of December last year from March.
- Brokerage firm S&P Global Ratings earlier this month revised the company’s outlook to Positive (from Stable) while affirming its ‘B’ issuer credit rating on the company’s senior secured term loan.