OYO-Parent Gets Shareholders' Nod For Raising Up To Rs 6,650 Crore Via IPO
The EGM approval marks a significant step in PRISM's ongoing preparations for a public listing.
OYO-parent PRISM has received its shareholder's nod to raise Rs 6,650 crore via an initial public offering (IPO). The fundraise will be through an entirely fresh issue of equity shares.
The proposal for the IPO was approved at an Extraordinary General Meeting (EGM) among the travel tech platform's shareholders held on Dec. 20, 2025.
At the EGM, shareholders approved the proposal to undertake the IPO, providing the company with the flexibility to access public markets at an appropriate time, subject to regulatory approvals and market conditions.
The EGM approval marks a significant step in PRISM's ongoing preparations for a public listing.
Moody's recently reaffirmed PRISM's corporate family rating with a stable outlook and expects the company's Ebitda to more than double to around $280 million (nearly Rs 2,496 crore) in FY26, supported through expansion of premium storefronts and continued cost efficiencies.
OYO's Controversial CCPS Plan
In November, Oyo announced the withdrawal of its controversial 6,000:1 bonus issue plan, as per which, investors were to receive one bonus Compulsorily Convertible Preference Share (CCPS) for every 6,000 equity shares they hold in the company.
The company, in a statement, confirmed its roll back and said that it will shortly introduce a new and simplified bonus structure that includes all shareholders, ensuring equal participation and transparency, following feedback from shareholders.
"We are not proceeding with the current resolution and will shortly bring a fresh, unified proposal for shareholder approval in accordance with the Companies Act, 2013. The revised structure will be announced in the coming days and will not require any application process," an Oyo spokesperson said.
As per the previously proposed bonus resolution, Oyo had announced a bonus issue linked to a potential IPO pathway for equity shareholders. The earlier structure was designed to allow them to participate in the potential upside through an opt-in process, but the new resolution will be applicable to all classes of shareholders without requiring them to apply.
