Hospitality technology platform OYO IPO size is to be reduced to around ₹6,500 crore; previously, it was estimated at around ₹8,400 crore. Final approval from SEBI for its proposed public listing is expected soon. A stock market listing may happen in the second half of 2026.
PRISM (parent company of OYO) filed its draft offer documents with SEBI as the confidential pre-filing. This step followed a shareholder agreement at an extraordinary general meeting to raise up to Rs 6,650 crore through a fresh issue of equity shares in OYO IPO. Moreover, the reports from the people familiar with the matter provided the estimated value of the company between $7 billion and $8 billion.
The confidential pre-filing process: Companies can review disclosures with the regulator before making the documents public. This route offers flexibility on the timing of the launch, and issuers can also check investor interest beforehand. Other new-age companies like Meesho, Swiggy, and Tata Play have also used this method.
OYO had first appointed ICICI Securities, Axis Capital, Goldman Sachs, and Citibank as lead managers, and added more banks later.
The parent company first started OYO IPO process in 2021, but withdrew its plans due to global market volatility and weak investor sentiment after the Russia-Ukraine conflict.
Moreover, the company has expanded its operations in India and international markets after that. It added premium brands like SUNDAY Hotels and Palette to its portfolio. The company also bought G6 Hospitality. It has the operations of the Motel 6 and Studio 6 marks in the United States.
OYO issued a 1:1 bonus issue in September 2025. It followed this with a 1:19 bonus issue in December. This was to manage their equity structure. Moody’s recently reaffirmed the B2 corporate family rating for PRISM with a stable outlook. The rating agency expects the EBITDA of the company to increase to about $280 million (approximately. Rs 2,496 crore) in the financial year 2026. This financial growth is supported by earnings from the G6 Hospitality acquisition, premium store expansion, and cost reduction measures.