# PRISM

Type: Company

Source: GetYourBrief — https://getyourbrief.com/entity/prism
Canonical HTML page: https://getyourbrief.com/entity/prism

## Timeline

- **2026-06-30**: Updated DRHP Filed — Public filing of updated draft red herring prospectus for Rs 6,650 crore fresh issue IPO.
- **2026-06**: SEBI Approval — SEBI approved the IPO proposal earlier this month.
- **2025-12**: Confidential DRHP Filing — PRISM submitted confidential draft papers to SEBI for the current IPO.
- **2025-09**: Name Change to PRISM — Oravel Stays rebranded to PRISM to reflect global portfolio across stays and co-working.
- **2024**: G6 Hospitality Acquisition — Acquired Motel 6 and Studio 6 brands from Blackstone for US expansion.
- **2023**: Confidential DRHP Pre-filed — Company pre-filed draft IPO papers but did not proceed with the public issue.
- **2021-09**: First DRHP Filed — OYO filed a $1.2 billion IPO at an $11-12 billion valuation, later postponed due to market conditions.
- **2012**: OYO Founded — Ritesh Agarwal starts Oravel Stays, later rebranded as OYO.

## Recent coverage (3 stories, network-wide)

### After 3 IPO Attempts, OYO Parent PRISM Eyes $7-8 Bn Valuation
2026-06-30 06:41:30 · Sector: startups · Sentiment: Positive · Impact: 7/10 · Sources: 2

PRISM, having raised $3.7 billion and pivoted to profitability, files its third IPO attempt at a $7-8 billion valuation—down from $11-12 billion. SoftBank retains 40% as the company seeks to go public without investor exits.
Full story: https://getstartupbrief.com/story/prism-ipo-startups-journey

### OYO Parent's Rs 6,941 Cr Revenue in 9MFY26 Powers ₹6,650 Cr IPO Push
2026-06-30 06:41:20 · Sector: retail · Sentiment: Positive · Impact: 7/10 · Sources: 2

PRISM’s updated IPO filing shows surging hospitality demand with Rs 6,941 crore revenue in 9 months, signaling a consumer spending shift toward travel. The company’s massive network of 24,303 hotels and 144,583 listings underscores retail market trends in the experience economy.
Full story: https://getretailbrief.com/story/prism-ipo-retail-market-trends

### Rs 4,987 Cr Debt Repayment: Inside PRISM's ₹6,650 Cr IPO Strategy
2026-06-30 06:41:09 · Sector: finance · Sentiment: Positive · Impact: 7/10 · Sources: 2

PRISM’s Rs 6,650 crore IPO targets heavy debt reduction, with 75% of proceeds allocated to repay Rs 4,987.5 crore of borrowings. The fresh-issue-only structure and improved profitability offer a case study in valuing a debt-laden tech company at $7-8 billion.
Full story: https://getfinancebrief.com/story/prism-ipo-finance-debt

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