OYO parent PRISM is expected to receive final approval from the Securities and Exchange Board of India (SEBI) this week for its proposed initial public offering (IPO), according to sources cited by NDTV Profit. The company has reportedly reduced the IPO size to nearly ₹6,500 crore from the earlier estimated ₹8,400 crore and is aiming for a stock market debut in the second half of 2026.PRISM had confidentially filed draft IPO papers with SEBI in late 2025 after receiving shareholder approval to raise up to ₹6,650 crore through a fresh issue of equity shares. Sources earlier indicated that the public issue could value the hospitality platform between $7 billion and $8 billion.

The company had initially appointed ICICI Securities, Axis Capital, Goldman Sachs, and Citibank as lead managers for the issue before expanding the syndicate. OYO first attempted to go public in 2021 but withdrew its plans amid global market volatility.Since then, the company has expanded its domestic and international presence, strengthened premium offerings like SUNDAY Hotels and Palette, and acquired US-based G6 Hospitality. Moody’s recently reaffirmed PRISM’s B2 rating with a stable outlook, expecting EBITDA to more than double in FY26.