IPO · Professional & Local Services

Prism gets SEBI nod for ₹6,650 crore IPO

What they do

Prism is a global hospitality platform that rebranded from OYO in 2025

It received SEBI approval for an IPO with a fresh issue of ₹6,650 crore and a valuation of $7-8 billion

The company turned profitable in FY25 with a net profit of ₹244.8 crore, up 7% year-on-year

Prism, the global hospitality platform rebranded from OYO in 2025, received SEBI approval for its IPO on June 1, 2026.
The company had confidentially filed its draft red herring prospectus (DRHP, a preliminary document for an IPO) in December 2025.
Shareholders approved the IPO at an extraordinary general meeting (EGM, a special meeting of shareholders) on December 20, 2025.
The IPO includes a fresh issue of equity shares worth up to ₹6,650 crore.
Prism's proposed valuation is between $7 billion and $8 billion.
The company will file an updated DRHP (UDRHP-1) in early July 2026, open for a 21-day public comment period.
Book-running lead managers include Axis Capital, Citigroup Global Markets India, Goldman Sachs (India) Securities, ICICI Securities, SBI Capital Markets, JM Financial, InCred Capital, and Intensive Fiscal Services.
This is Prism's second attempt at an IPO; the first was shelved in 2021 due to market conditions.

Prism turned profitable in FY25 with a net profit of ₹244.8 crore, up 7% from ₹229.6 crore the previous year.
Revenue in FY25 was ₹6,252.8 crore, up 16% year-on-year, with India contributing about 30%.
The company's debt liabilities exceeded ₹7,000 crore in FY25.
Moody's reaffirmed a B2 corporate family rating with a stable outlook in November 2025 and projected FY26 EBITDA of about $280 million (~₹2,496 crore), more than double FY25.
Prism is targeting a FY26 net profit of ₹800 crore to ₹1,000 crore.

Prism is a global hospitality platform that rebranded from OYO in 2025.
Its portfolio brands include OYO, Motel 6, Studio 6, Sunday Hotels, Palette Hotels, DanCenter, and Innov8.
The company operates in 35+ countries with over 175,000 hotels and homes.
It has hosted over 100 million guests and has more than 10 crore app downloads.
Prism focuses on premium brands like Sunday Hotels, Palette Hotels, and Townhouse, and is expanding in pilgrimage destinations in India.
DanCenter, its European vacation rental subsidiary, entered the Indian market with villa offerings in Goa.
OYO offers savings of up to 70% on hotel bookings, free cancellation, and pay-at-hotel options.
The OYO for business service is trusted by 5,000 corporates.
The Wizard membership provides up to 10% discount, priority support, and one free night after seven stays.
Sunday Hotels crossed 200+ properties globally in 2026.

Prism will file an updated DRHP (UDRHP-1) in early July 2026, open for a 21-day public comment period.
The company is investing $10 million in G6 Hospitality's digital platforms and US expansion.
Prism is focusing on premium brands like Sunday Hotels, Palette Hotels, and Townhouse, and expanding in pilgrimage destinations in India.
DanCenter is entering the Indian market with villa offerings in Goa.

SoftBank Group (existing) — SoftBank Group is a Japanese multinational conglomerate holding company that backs Prism.
Lightspeed Venture Partners (existing) — Lightspeed Venture Partners is a venture capital firm that backs Prism.
Peak XV Partners (existing) — Peak XV Partners is a venture capital firm that backs Prism.
Microsoft (existing) — Microsoft is a technology company that backs Prism.