Upcoming PRISM IPO (OYO’s Parent) Details: Highlights & Financials

Prism, the parent company of OYO, has secured crucial shareholder approval to raise up to ₹6,650 crore through a fresh equity issuance as part of its initial public offering (IPO) plans. The IPO is set to be one of the most anticipated listings of 2025, with the company having held an Extraordinary General Meeting (EGM) on December 20, 2025, to get the necessary approvals. The IPO process is now in its final stages, with regulatory filings and price band announcements expected in early 2026.

​

IPO Dates and Key Highlights:

• Shareholder Approval Date: December 20, 2025

• Bonus Issue Record Date: December 5, 2025

• Expected DRHP Filing: November–December 2025

• Expected IPO Launch: Early 2026

Issue Size and Market Lot

Prism’s IPO will involve a fresh issue of equity shares worth up to ₹6,650 crore. The company has also approved a bonus issue in the ratio of 1:19, meaning shareholders will get one bonus share for every 19 existing shares. The market lot size is expected to be around 1,000 shares, making it accessible for retail investors.​

PRISM DRHP and RHP Files

PRISM IPO Review and GMP

Analysts expect the Prism IPO to be well-received due to OYO’s strong market presence and improving financials. The grey market premium (GMP) for Prism IPO is currently speculative, but early estimates suggest a healthy premium due to strong demand from institutional investors. The IPO’s valuation is expected to be between $5 billion and $7 billion.​

Anchor Investors and Merchant Bankers

Prism’s IPO is likely to attract major institutional anchor investors, though the final list will be disclosed closer to the listing date. Merchant bankers involved in the process are expected to include top-tier firms such as Kotak Mahindra Capital, ICICI Securities, and JM Financial, based on industry trends and previous high-profile IPOs.​

Allotment Details

Allotment for the Prism IPO will be done in accordance with SEBI norms, with a portion reserved for retail investors, qualified institutional buyers (QIBs), and non-institutional investors. 

PRISM OYO’s Parent Company Information

Prism, which used to be called Oravel Stays Limited, is the parent company of OYO. It recently changed its name to show that it has grown into a global leader in travel and hospitality technology. The company now manages a wide range of properties, such as affordable hotels, luxury resorts, long-term rentals, and living spaces that are based on experiences. The firm wants to use technology and data science to make its worldwide operations clearer and more consistent by bringing all of its brands together under the Prism banner. It will still use OYO as its brand for inexpensive travel.​

The core of Prism’s business model is a powerful technological engine that supports everything in its ecosystem, from tools for managing partners to AI-driven improvements to the consumer experience. To get the most out of its partners, improve guest experiences, and make its operations more efficient on a large scale, the corporation spends a lot of money on data science and artificial intelligence. This technology-focused approach lets Prism quickly enter new markets and categories, making sure that its products stay relevant in an industry that is evolving quickly.​

Prism runs a lot of brands, such as OYO, Motel 6, Townhouse, Belvilla, DanCenter, and Innov8. It has a presence in more than 35 countries and more than 100 million customers. The company has carefully moved into high-end markets including boutique hotels, luxury getaways, and curated vacation rentals in order to grab a bigger piece of the high-value travel industry. Prism’s global presence is even stronger now that it has restructured its leadership and improved its operations. This puts it in a good position to compete with established competitors like Airbnb in important foreign regions.​

Prism is dedicated to innovation not just in hospitality but also in technology and sustainability. Prism not only improves its operational efficiency by investing in advanced optimization technologies and sustainable procedures, but it also follows worldwide trends toward responsible and eco-friendly business models. This all-encompassing approach keeps Prism at the top of the hospitality-tech sector, creating growth and profits while meeting the changing needs of partners and clients throughout the world.

​

PRISM Company Financials and Valuation

Prism reported a revenue of ₹6,253 crore in FY25, up 16% year-on-year, with a profit after tax of ₹244.8 crore. Moody’s has projected EBITDA for FY26 at around ₹2,496 crore, indicating robust growth and operational efficiency. The IPO valuation is expected to be in the range of $5–7 billion, making Prism one of the most valuable hospitality-tech companies in India.​

Peer Company Comparison

Prism’s closest peers in the Indian hospitality-tech sector include OYO competitors and other tech-enabled service providers. Here’s a comparison of key metrics:

Final Thoughts

The Prism IPO represents a major milestone for India’s startup ecosystem, offering investors a chance to participate in the growth story of OYO and its parent company. With strong financials, a robust business model, and backing from leading merchant bankers, the IPO is poised to be a highlight of 2026’s listing calendar.​

Nadim

Mr. Nadim Abbas M G is an Intermediate Chartered Accountant with a strong background in Information Technology. He combines his expertise in IT with a deep understanding of the stock market, making him a valuable resource for both financial and technical insights. With hands-on experience in accounting, IT systems, and stock market analysis, Nadim excels in bridging the gap between finance and technology, offering strategic advice and expert guidance in both domains.