oyo The parent company Prism has received approval from SEBI to raise Rs 6650 crore through IPO. People associated with the case gave this information on Tuesday. He said that the valuation of the company from the proposed public offering is expected to be 7 to 8 billion dollars. Prism, the parent company of global travel tech unicorn Oyo, had confidentially filed documents for an IPO with the Securities and Exchange Board of India (SEBI) in late December 2025. These documents were filed after the approval of shareholders at the company’s EGM on December 20, 2025.
Company will file UDRHP-1 by the beginning of July
The company will now file the draft Public Updated Prospectus (UDRHP-1) in the next stage, which will be open for public comments for 21 days. The company is planning to file it by the beginning of July. He said Prism is currently evaluating market conditions and the broader listing timeline. He is also preparing to file his UDRHP-1.
Oyo is currently focusing on the development of premium brands.
Prism’s IPO comes at a time when the company is focusing on strengthening its presence in its key markets India, the US and Europe as well as growing self-operated hotels and premium brands like Sunday Hotels and Palette Hotels. Additionally, the company has recently forayed into the ‘vacation home segment’ in India by opening villas for rental in Goa with its European brand Dancentre.
Ritesh Aggarwal founded Oyo in 2012
Oyo was founded by Ritesh Agarwal in 2012. He is the CEO of Prism Group. SoftBank is one of its largest shareholders. The company had tried to go public earlier also. The company, which connects different hotels on its platform, had first applied for an IPO to raise Rs 8,430 crore in 2021 and had submitted documents to SEBI targeting a valuation of $12 billion.
Prism appoints former SEBI chairman Ajay Tyagi as independent director
This was followed by another application in 2023 with updated financial and operational information. However, increasing volatility in the global market negatively impacted investor confidence and the company later withdrew its IPO plans. Recently, Prism has appointed former SEBI Chairman Ajay Tyagi as an independent director on its board. His extensive experience in capital markets, corporate governance and regulatory matters is expected to strengthen Prism’s board as the company moves towards an IPO.
