PRISM, the mother or father firm of OYO, has acquired shareholder approval to lift as much as Rs 6,650 crore by means of a recent concern of fairness shares as a part of its proposed preliminary public providing (IPO).

The approval was granted at an Extraordinary Common Assembly held on December 20, 2025, the place shareholders cleared the particular decision to undertake the IPO, topic to regulatory approvals and market circumstances.

Shareholders additionally authorized a bonus concern of fairness shares within the ratio of 1:19, with December 5, 2025 fastened because the report date to find out eligible shareholders.

The EGM approvals come as PRISM advances preparations for a public itemizing after a number of deferrals previously, together with an aborted IPO try throughout a interval of heightened scrutiny round governance, valuation, and enterprise sustainability. Since then, the corporate has simplified its capital construction, raised capital by means of non-public placements.

PRISM, previously often called Oravel Stays, formally adopted its new title earlier this yr as a part of an effort to reposition itself as a broader journey and expertise platform reasonably than a pure-play finances hospitality model.

Based in 2012 by Ritesh Agarwal, the corporate operates OYO as a worldwide hospitality expertise platform providing standardised lodges, houses, and residing areas in partnership with property homeowners, supported by full-stack expertise for reserving, operations, and income administration.

OYO recorded a revenue after tax of over Rs 200 crore within the first quarter of the present fiscal yr, greater than doubling from Rs 87 crore in the identical quarter final yr. Income rose 47% year-on-year to Rs 2,019 crore, whereas Gross Reserving Worth elevated 144% to Rs 7,227 crore, up from Rs 2,966 crore within the year-ago interval.

For the complete yr ended FY25, the corporate reported income of about Rs 6,253 crore, up roughly 16% year-on-year, with revenue after tax at Rs 244.8 crore, in contrast with Rs 229.6 crore within the earlier yr.