OYO Parent PRISM Gets Shareholder Nod for ₹6,650 Crore IPO

• OYO's parent company, PRISM, secured 100% shareholder approval at an EGM on December 20, 2025, for an Initial Public Offering (IPO) to raise up to ₹6,650 crore.
• The IPO will involve a fresh issue of equity shares, marking a significant step towards its public listing after previous deferrals.
• Shareholders also approved a 1:19 bonus issue of equity shares, with December 5, 2025, set as the record date, alongside other pre-IPO resolutions.
• PRISM, formerly Oravel Stays, rebranded to reflect its broader travel and technology platform focus, moving beyond a pure-play budget hospitality brand.
• The approval follows improved financial performance, with FY25 revenue at ₹6,253 crore (up 16% YoY) and profit after tax at ₹244.8 crore (up 7%).

Why It Matters: OYO's parent PRISM secures shareholder approval for a ₹6,650 crore IPO, signaling a major step towards public listing.