PRISM, the guardian firm of travel and hospitality platform OYO, has acquired approval from the SEBI for its proposed IPO, in accordance with the Financial Occasions studies.

The proposed IPO entails a contemporary problem of fairness shares value up to Rs 6,650 crore. Shareholders accepted the fundraising proposal at a rare basic assembly held on 20 December 2025.

PRISM had confidentially filed its draft IPO papers with the market regulator in December 2025 as a part of its renewed itemizing plans. The corporate has now acquired SEBI’s approval for the proposed IPO, in accordance with the report.

The proposed providing might worth the corporate between $7 billion and $8 billion.

The corporate is predicted to file an up to date draft purple herring prospectus within the coming weeks, after incorporating regulatory suggestions. PRISM can also be evaluating market circumstances and investor sentiment earlier than finalising the timing of the itemizing.

The confidential submitting route permits firms to have interaction with regulators earlier than making detailed monetary and operational info public.

The event comes as PRISM continues to develop its presence throughout India, the USA and Europe. The corporate has elevated its give attention to premium hospitality choices via manufacturers akin to Sunday Inns and Palette Inns.

It has additionally expanded its trip rental enterprise via DanCenter, its European subsidiary, which has entered the Indian market with villa choices in Goa.

In India, the corporate has been concentrating on non secular and pilgrimage locations.

PRISM has additionally taken steps to strengthen its company governance. In February, former SEBI chairman Ajay Tyagi was appointed as an impartial director.

In November 2025, Moody’s Scores reaffirmed PRISM’s B2 company household ranking with a steady outlook. The rankings company projected the corporate’s EBITDA would attain round $280 million, or roughly Rs 2,496 crore, within the 2025-26 monetary yr.

Moody’s mentioned the anticipated enchancment might be supported by contributions from the G6 Hospitality acquisition, enlargement of premium hospitality choices and continued value efficiencies.

PRISM first tried a public itemizing in 2021, however the plan was delayed amid altering market circumstances. Its newest IPO effort comes at a time when a number of client web and expertise firms are reassessing itemizing plans due to volatility in fairness markets.

With SEBI approval now in place, the corporate is shifting nearer to a public market debut, though the ultimate timing will depend upon market circumstances.