IPO · Professional & Local Services

PRISM files for ₹6,650 crore IPO

By Startup Enthusiast · 30 June 2026

What they do

PRISM operates 43 hotel and home brands across 35 countries

It filed a ₹6,650 crore fresh-issue IPO with SEBI, with no offer for sale

The company aims to repay ₹4,987.5 crore in debt from the proceeds

PRISM, the parent company of OYO, filed its updated draft red herring prospectus (UDRHP) with SEBI on 30 June 2026.
The IPO size is ₹6,650 crore, all a fresh issue of shares with no offer for sale (OFS).
PRISM may also raise up to ₹1,330 crore through a pre-IPO placement.
The company plans to use ₹4,987.5 crore of the proceeds to repay debt, and the rest for general corporate purposes.
It had first filed draft IPO papers via the confidential route in December 2025.
OYO originally filed a DRHP in September 2021 for about $1.2 billion at an $11-12 billion valuation, but postponed the plan.
The company rebranded from Oravel Stays to PRISM in September 2025 ahead of the IPO.

PRISM's total borrowings stood at ₹7,485 crore as of 31 December 2025, and debt repayment is the main use of IPO funds.
The company turned profitable with a PAT of ₹245 crore in FY25 and ₹748 crore in the first nine months of FY26.
PRISM faces several legal disputes, including a long-running case with Zostel that could require transferring up to 7% shareholding.
It also faces human trafficking lawsuits in the US following its acquisition of G6 Hospitality (Motel 6).

PRISM operates 43 brands across 35+ countries, including OYO, Motel 6, and Studio 6.
As of 31 December 2025, its global network included 24,303 hotels, 1,24,668 homes, and 1,44,583 listings.
In India, it has 14,937 storefronts and 1,573 company-serviced hotels.
In Europe, it has 2.69 lakh listings.
The US market contributed 52.4% of global gross booking value (GBV), at ₹12,022 crore in 9M FY26.
PRISM earns revenue from accommodation services, commissions from bookings, royalty income, and cleaning/damage fees.

SVF India Holdings (Cayman) Ltd (SoftBank) (existing) — Largest shareholder with **40.04%** stake.
RA Hospitality Holdings (Cayman) (existing) — Holds **20.12%** stake, controlled by Ritesh Agarwal.
Oravel Employee Welfare Trust (existing) — Holds **5.38%** stake.
Patient Capital Investments (existing) — Holds **3.81%** stake.
Five Stars Capital (existing) — Holds **2.77%** stake.
Lightspeed Venture Partners (existing) — Holds **1.74%** stake.
A1 Holdings (Grab) (existing) — Holds **1.62%** stake.
Star Virtue Investment (existing) — Holds **1.62%** stake.
Tanjung Buai Ventures (existing) — Holds **1.41%** stake.
Airbnb (existing) — Holds **1.22%** stake.
Peak XV Partners (existing) — Holds **1.06%** stake.
Microsoft (existing) — Mentioned as an existing investor not selling.
Khazanah Nasional (existing) — Mentioned as an existing investor not selling.
Greenoaks Capital (existing) — Mentioned as an existing investor not selling.
Global Ivy Ventures (existing) — Mentioned as an existing investor not selling.