OYO parent PRISM files UDRHP to raise Rs 6,650 Cr via fresh issue only

OYO's parent company, PRISM, has officially filed its Updated Draft Red Herring Prospectus (UDRHP-I) with the Securities and Exchange Board of India (SEBI), marking a major step toward its highly anticipated stock market debut following recent regulatory approval. The upcoming initial public offering (IPO) is structured entirely as a fresh issue of equity shares aimed at raising up to ₹6,650 crore, with no Offer for Sale (OFS) component included. Additionally, the company is considering a pre-IPO placement of up to ₹1,330 crore, an action that would proportionally decrease the final size of the public fresh issue if executed. Upon successful completion, the shares will be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

Because the public issue focuses solely on raising primary capital for the company, PRISM's current roster of prominent shareholders—including founder Ritesh Agarwal, SoftBank, Microsoft, Airbnb, Peak XV, Lightspeed, Greenoaks, and Khazanah—will retain their current holdings without diluting their stakes. In terms of capital allocation, the hospitality firm plans to direct the largest chunk of the net proceeds, amounting to ₹4,987.5 crore, toward the prepayment or repayment of its existing debt obligations. The remaining capital generated from the public market debut will be designated for general corporate purposes to support ongoing business operations and growth.

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