Prism Gets SEBI Nod for Rs 6,650 Crore Initial Public Offering

Prism Receives Sebi Approval for Rs 6,650 Crore IPO

Prism, the parent company of travel technology firm Oyo, has obtained approval from the Securities and Exchange Board of India (Sebi) to raise Rs 6,650 crore through an initial public offering (IPO). This development was confirmed by people familiar with the situation to PTI on Tuesday.

The proposed IPO is expected to value the company at around USD 7-8 billion. Prism had confidentially filed its draft IPO papers with Sebi in December 2025. The move came after shareholders approved a proposal at an Extraordinary General Meeting (EGM) on December 20, 2025, allowing the company to raise up to Rs 6,650 crore through a fresh issue of equity shares.

As part of the next stage of the process, Prism is expected to file an Updated Draft Red Herring Prospectus (UDRHP-1), which will be made available for public comments for 21 days. The company plans to submit the document by early July. Currently, Prism is assessing market conditions and broader listing timelines as it prepares for the next phase of the IPO process.

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