In preparation for an initial public offering (IPO) involving a new issuance of equity shares with a maximum value of INR 6,650 crore, PRISM, OYO’s parent company, has submitted its Updated Draft Red Herring Prospectus-I (UDRHP-I) to the Securities and Exchange Board of India (SEBI). Existing shareholders are not offering to sell their shares in the proposed issue. Prior to submitting the Red Herring Prospectus, the company may also conduct a pre-IPO placement raising up to INR 1,330 crore; the amount of the fresh issue will be reduced by the funds thus raised.

The statement states that out of the net proceeds, PRISM intends to repay or prepay borrowings to the tune of about INR 4,987.5 crore, with the balance going toward general business purposes. It is planned to float the shares on both the NSE and the BSE.

Airbnb, SoftBank’s SVF India Holdings, RA Hospitality Holdings, Ritesh Agarwal, A1 Holdings, Star Virtue Investment, Global Ivy Ventures, Lightspeed, Greenoaks Capital, Peak XV, and Microsoft are among the current investors who have stated that they will not be selling their shares in the company as a result of the proposed initial public offering.

With a revenue of INR 6,941 crore for the nine months ended December 31, 2025, PRISM outpaced its full-year FY25 revenue of INR 6,259 crore. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) jumped to 2,127 crore INR from 953 crore INR in FY25, while profit after tax reached 748 crore INR. An increase of 80% over the FY25 figure, EBITDA (after removing extraordinary items, share-based payment expenses, and other income) amounted to INR 1,968 crore.

In over 35 different countries, the corporation runs 43 different brands. Its portfolio had 24,303 hotels, 124,668 houses, and 144,583 listings as of December 31, 2025. Among these listings were 14,937 shopfronts in India. The number of company-serviced hotels in India has also increased, from 1,053 at the end of FY25 to 1,573 now. The properties’ Gross Booking Value (GBV) hit 1,346.45 crore Indian Rupees (INR) in the first nine months of FY26.