OYO‘s parent firm PRISM has received shareholders’ approval to raise up to Rs 6,650 crore through a fresh issue of equity shares as part of its proposed Initial Public Offering (IPO), a PTI report said.
According to the report, the travel tech platform’s shareholders greenlighted the proposal at an Extraordinary General Meeting held on December 20, 2025.
Significance of IPO
At the EGM, shareholders approved the proposal to undertake the IPO, which will provide the company with the flexibility to access public markets at an appropriate time, subject to regulatory approvals and market conditions.
The EGM approval marks a significant step in PRISM’s ongoing preparations for a public listing.
OYO revenue projection
Moody’s recently reaffirmed PRISM’s corporate family rating with a stable outlook and expects the company’s EBITDA to more than double to around Rs 2,496 crore in FY26, supported through the expansion of premium storefronts and continued cost efficiencies.