Oravel Stays (OYO Rooms) Unlisted Shares
Prism Calls EGM To Raise Up To ₹6,650 Crore Via IPO
The Economic Times
2 min read
Expert Analysis:
Prism, the parent of OYO, has called an EGM on 20 Dec 2025 to seek shareholder approval for raising up to ₹6,650 crore via a fresh equity issue as part of its proposed IPO, marking its third attempt after failed 2021 and 2023 filings.
The board is seeking broad powers: to structure the IPO (pricing, green shoe, pre-IPO placements), appoint lead managers, allocate to investors, and make all regulatory filings, giving it full flexibility to launch once SEBI and market conditions permit.
Ahead of listing, Prism plans to increase authorised capital from ₹2,431 crore to ₹2,491 crore and clean up its capital structure (including conversion of multiple CCPS series into equity) to meet public-market norms.
It has also proposed a 1:19 bonus issue (record date 5 Dec 2025), funded from reserves and securities premium, with CCPS conversion ratios adjusted to maintain parity, which simplifies the cap table and improves perceived liquidity for existing shareholders.
This move signals that OYO is formally restarting its IPO journey, but actual listing will still depend on updated financials, growth trajectory, and market appetite for a hospitality/tech IPO in the current environment.
Prism is taking concrete steps to enable a ₹6,650 crore IPO with capital restructuring and a bonus issue, but the success of the listing will hinge on OYO’s near-term financial performance, unit economics, and broader market sentiment toward consumer-tech IPOs
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