OYO-parent PRISM Files for Rs 6,650 Crore IPO Confidentially

• OYO's parent company, PRISM, has confidentially filed draft papers with SEBI to raise Rs 6,650 crore through an IPO.
• This marks PRISM's second IPO attempt, after withdrawing its 2021 plans due to market volatility.
• The company expects a valuation of $7–8 billion and received shareholder approval on December 20, 2025.
• PRISM reported strong Q1 FY26 financials: net profit over Rs 200 crore, revenue up 47% to Rs 2,019 crore, and GBV up 144% to Rs 7,227 crore.
• The confidential pre-filing route offers flexibility and reduced public scrutiny, a method also used by firms like Meesho and Swiggy.

Why It Matters: OYO's parent PRISM is pursuing a Rs 6,650 crore IPO via SEBI's confidential route.