Shareholders approve Oyo parent Prism's Rs 6,650 crore IPO

Prism, the parent company of Oyo, has received shareholders’ approval to raise up to ₹6,650 crore through a fresh share issue as part of its proposed IPO. The approval was given at an Extraordinary General Meeting (EGM) held on December 20, 2025.

Shareholders also approved a bonus share issue in the ratio of 1 new share for every 19 existing shares held. December 5, 2025 has been fixed as the record date to decide eligible shareholders. All resolutions were passed with a large majority.

This approval is an important step in Prism’s plan to list on the stock market, subject to regulatory clearances and market conditions.

Recently, Moody’s reaffirmed Prism’s credit rating with a stable outlook and said the company’s EBITDA could more than double to about $280 million (₹2,496 crore) in FY26, helped by growth in premium hotels and cost control.

Oyo reported a profit after tax (PAT) of over ₹200 crore in the first quarter of the current financial year, according to founder Ritesh Agarwal. This was more than double the ₹87 crore profit recorded in the same quarter last year.

During the quarter, revenue rose 47% to ₹2,019 crore, while gross booking value (GBV) jumped 144% to ₹7,227 crore. Agarwal said the growth was driven by new hotel openings, higher occupancy, premium hotel brands like Townhouse and Sunday Hotels, and strict cost management.