Business

OYO-parent PRISM to nearly halve IPO fresh issue size to up to Rs 3,350 cr: Sources

The Economic Times · 20 October 2026 at 5:00 pm

PRISM is set to scale back its initial public offering from Rs 6,650 crore to Rs 3,350 crore in light of its robust cash flow and enhanced balance sheet.

The majority of the newly structured funds will focus on repaying or prepaying debts.

Moody's Ratings has adjusted PRISM's outlook to positive, anticipating growth in EBITDA.

Notably, OYO's founder, Ritesh Agarwal, and SoftBank maintain substantial stakes in the venture.

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OYO parent to nearly halve IPO fresh issue size to up to ₹3,350 crore

Business Standard · 2 h ago

OYO-parent PRISM to nearly halve IPO fresh issue size to up to Rs 3,350 cr: Sources

This story in other outlets

OYO parent to nearly halve IPO fresh issue size to up to ₹3,350 crore

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