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.