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Market Chatter: OYO Operator PRISM Receives SEBI Approval for Planned IPO

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Hospitality technology company PRISM has received Securities and Exchange Board of India's approval for its proposed initial public offering, Mint reported Tuesday, citing people familiar with the matter.

The OYO operator confidentially filed its draft red herring prospectus with SEBI in December 2025 after shareholders approved a plan to raise up to 66.5 billion rupees through a fresh issue of shares, the report said, citing the sources.

PRISM is seeking a valuation of about $7 billion to $8 billion for the proposed offering, Mint noted.

The company is expected to publicly file an updated draft prospectus by early July, after which the document will be open for public comments, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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