Oyo-Parent Prism Files for IPO, Seeks $7+ Billion Valuation
Photo Credit: Oyo Founder and CEO Ritesh Agarwal at the Skift Global Forum in New York. Skift
Skift Take
Prism filed for an IPO barely a few hours before 2026. After years of missed windows and pulled papers, the December 31 confidential filing keeps the promise alive while buying time on everything else.
Prism, Oyo’s parent company, took its next step toward an IPO Wednesday, filing draft papers with India’s markets regulator. The proposed IPO would raise up to INR 66 billion (nearly $750 million) and value the company at roughly $7–8 billion, sources close to the company told Skift.
Prism submitted the filing to the Securities and Exchange Board of India (SEBI) using its confidential pre-filing process, which allows companies to test regulatory feedback before publicly launching an offering and gives them more flexibility on timing.
If it goes off as planned, a Prism IPO would be the largest the Indian travel sector has ever seen, almost twice the size of The Leela Palaces & Resorts’ listing earlier this year.
