OYO parent company Prism has filed a fresh application with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) of Rs 6,650 crore. The IPO, which will be a fresh issue, will not see any offer-for-sale from existing investors like SoftBank and founder Ritesh Agarwal. The shares are expected to be listed on both the NSE and BSE.

The company will use a large portion of the proceeds (Rs 4,987.5 crore) to pay down the debt of its Singapore-based subsidiary Oravel Stays. The company has been performing well financially; Prisma has managed to generate an operating income of Rs 6,941 crore and a net profit of Rs 748 crore in the nine months ended December 2025.

84 percent of the company's total revenue comes from overseas markets like the US and Europe. The acquisition of G6 Hospitality in the US has given a major boost to the growth of its business there. S&P Global Ratings has upgraded the company's credit outlook to 'positive', expecting the IPO to reduce debt and improve its financial position.