Global hospitality-tech giant PRISM – the parent company of OYO – has taken a concrete step toward its much-anticipated public listing. The firm has called for an Extraordinary General Meeting (EGM) on 20 December 2025, seeking shareholder approval to raise up to ₹6,650 crore via a fresh equity issue as part of its proposed IPO.
Alongside the fundraising proposal, PRISM is also planning a bonus issue under which shareholders would receive one fully paid-up equity share for every 19 shares they hold – with December 5, 2025 as the record date for eligibility. To support the IPO and associated capital changes, the company intends to raise its authorised share capital from ₹2,431 crore to ₹2,433 crore.
The move signals PRISM’s most definitive push yet to tap public markets after two earlier listing attempts. Along with the equity raise, the resolutions include provisions for pre-IPO placements, appointment of lead managers, share allotment terms, and other governance actions necessary for compliance with stock-market entry requirements.
PRISM, previously known as Oravel Stays, rebranded in September 2025 to reflect its expanded ambitions. Its portfolio has grown beyond budget hotels under OYO to include brands across hotels, extended stays, vacation homes, workspaces, and hospitality-tech offerings worldwide.
If the IPO proceeds as planned, the ₹6,650 crore fresh issue could provide the fuel for PRISM’s growth and expansion ambitions – both domestically and globally. The EGM on 20 December will be a decisive moment, determining whether PRISM can finally deliver on its public-market debut.
