OYO IPO: Parent company PRISM gets approval from shareholders, company will raise Rs 6650 crore
OYO’s parent company, PRISM, may soon hit the stock market. According to a recent report, the company has got the green signal from the shareholders to raise Rs 6,650 crore through IPO.
Shareholders approved this proposal at the Extra-Ordinary General Meeting (EGM) of the company held on December 20, 2025. This entire amount will be raised through new issue of equity shares.
After getting the approval of the shareholders, now the company will be able to launch the IPO at the right time considering its convenience and market condition. However, regulatory approvals (like SEBI permission) are still pending for this.
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Oyo reported a profit after tax (PAT) of over Rs 200 crore in the first quarter of the current financial year, according to an email sent by founder Ritesh Aggarwal to the company’s management committee and its shareholders in September, ET reported. According to the email sent by Aggarwal to the company’s management committee, Oyo’s PAT more than doubled year-on-year to Rs 87 crore in Q1FY25.
The company’s revenue grew to Rs 2,019 crore, up 47% from Rs 1,371 crore in Q1FY2025, and gross booking value (GBV) reached Rs 7227 crore in Q1FY26, up from Rs 2966 crore in Q1FY25, the email said. There is an increase of 144% year-on-year.
Agarwal said this was driven by hotel openings and double-digit same store growth, premiumization and better room utilization. Aggarwal further said that this growth in the bottom line was due to ‘strong’ top-line performance in premium brands like Townhouse Hotels, Sunday Hotels, disciplined cost management and a strong focus on customer experience. “Our two-year PAT profits now allow us to continue to focus on topline growth, which is 47% this quarter. This is an especially important achievement given our relatively flat topline in fiscal year 2024,” Aggarwal said in an email.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.
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