Oyo parent Prism gets shareholder nod to raise ₹6,650 crore via IPO

OYO’s parent company PRISM, has got shareholders’ approval to raise up to ₹6,650 crore by issuing new equity shares as part of its planned IPO.

The travel tech platform’s shareholders approved the proposal at an Extraordinary General Meeting (EGM) on December 20, 2025.

At the EGM, shareholders approved the IPO plan, giving the company the flexibility to enter public markets when the timing is right, subject to regulatory approvals and market conditions.

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This approval is an important step in PRISM’s preparation for going public.

Moody’s recently reaffirmed PRISM’s corporate family rating with a stable outlook and expects the company’s EBITDA to more than double to about $280 million (around ₹2,496 crore) in FY26, driven by the growth of premium storefronts and ongoing cost efficiencies.

OYO reported a profit after tax (PAT) of over ₹200 crore in the first quarter of the current fiscal year, according to an email from founder Ritesh Agarwal to the company’s management committee and shareholders in September.

The PAT more than doubled from ₹87 crore in the first quarter of FY25.

Revenue grew 47% year-on-year to ₹2,019 crore from ₹1,371 crore in Q1 FY25, while Gross Booking Value (GBV) reached ₹7,227 crore, up 144% from ₹2,966 crore in Q1 FY25. Agarwal attributed this growth to new hotel openings, double-digit same-store growth, premiumization and better room utilization.

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He added that the strong bottom line was supported by solid top-line performance in premium brands like Townhouse and Sunday hotels, disciplined cost management, and a strong focus on customer experience.

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