Prism Secures Shareholder OK for ₹6,650 Cr IPO, Bonus Shares for Oyo Investors

Prism, the holding company behind Oyo, received a strong go‑ahead from its shareholders to raise up to ₹6,650 crore through a fresh equity IPO.

Shareholder vote clears the path

At an Extraordinary General Meeting on December 20, 2025, shareholders approved the IPO plan and a bonus‑share issue, with an overwhelming majority supporting both resolutions.

Details of the offering

• Target raise: up to ₹6,650 crore via new equity shares.
• Bonus issue: 1 fully paid‑up share for every 19 existing shares.
• Record date for bonus eligibility: 5 December 2025.
• Final decision pending regulatory clearances and market conditions.

Financial backdrop

Moody’s reaffirmed Prism’s corporate family rating, expecting EBITDA to more than double to about $280 million (≈₹2,496 crore) in FY 2026, driven by premium storefront expansion and cost efficiencies.

Oyo reported a profit after tax of over ₹200 crore in Q1 FY 2026, up from ₹87 crore a year earlier. Revenue grew 47% to ₹2,019 crore, and gross booking value surged 144% to ₹7,227 crore, helped by new hotel openings and strong performance of premium brands.

What this means for investors

The approved IPO and bonus shares give existing Oyo shareholders a chance to increase their stake at a potentially attractive price, while the company’s improving earnings and expansion plans could drive future share value.

Remember, this is perspective, not a prediction. Do your own research before making any investment decisions.