PRISM, the parent company of the global travel tech giant OYO, has announced plans to seek shareholder approval for a massive $744 million IPO, marking a significant step toward its long-awaited public listing.
This development, reported by various industry sources, signals a renewed push by OYO to strengthen its financial foundation as it continues to expand its footprint in the hospitality and travel sector.
OYO’s Journey to IPO: A History of Ambition and Challenges
OYO, founded by Ritesh Agarwal in 2013, has grown from a small Indian startup to a global player, operating in over 80 countries with a vast network of hotels and homes.
However, the company’s path to an IPO has been fraught with challenges, including previous unsuccessful attempts in 2021 and 2022 due to market volatility and regulatory hurdles.
The current proposal, set to be discussed at an Extraordinary General Meeting (EGM) on December 20, 2025, aims to raise INR 6,650 crore through a fresh issue of shares, as per recent updates from industry reports.
Strategic Moves: Bonus Shares and Capital Restructuring
Alongside the IPO plans, PRISM has proposed a bonus issue of one fully paid-up equity share for every 19 existing shares, with December 5, 2025, as the record date for eligible shareholders.
Shareholders will also vote on increasing the company’s authorized share capital to INR 2,491 crore, a move aimed at restructuring its financial framework ahead of the public listing.
Impact on Stakeholders and the Travel Industry
The potential IPO could have a transformative impact on OYO’s stakeholders, rewarding long-term investors and providing fresh capital to fuel global expansion and technological innovation.
For the travel and hospitality industry, OYO’s listing could set a benchmark, encouraging other tech-driven firms to tap into public markets amidst a recovering global tourism sector.
Future Prospects: What Lies Ahead for OYO?
Looking ahead, a successful IPO could position OYO to further dominate the budget hospitality market while investing in AI and data-driven solutions to enhance customer experiences.
Analysts suggest that achieving a valuation of $7-8 billion, as speculated in earlier reports, could solidify OYO’s status as one of India’s most valuable travel tech companies.
As PRISM awaits shareholder approval, the coming months will be crucial in determining whether OYO can finally achieve its public listing dreams and redefine the future of travel tech.
Andrew Lee
