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  3. Prism Calls EGM To Raise Up To ₹6,650 Crore Via IPO

Prism Calls EGM To Raise Up To ₹6,650 Crore Via IPO

29 Nov 2025

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Key Takeaways

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

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

oyo unlisted shares

Oravel Stays (OYO Rooms)

DRHP filed4.44%

Expert Analysis

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.​

Publisher:The Economic Times