SoftBank-backed India's Oyo Hotels owner halves proposed IPO, filing shows

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SENSEX 73,393.12

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NIFTY 22,695.40

 -115.95

NIFTY 22,695.40

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CRUDEOIL 9,335.00

+ 127.00

CRUDEOIL 9,335.00

+ 127.00

GOLD 144,636.00

 -1,443.00

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The company revived plans in March ‌2023 with a confidential filing before ​postponing the offering for a third time in ⁠May

By Reuters

Updated - October 22, 2026 at 09:27 AM.

Budget hotel chain Oyo Hotels' parent, Prism, ​has nearly halved the size ‌of its proposed initial public offering, ​a filing showed ⁠on Thursday, as the company looks to revive its long-delayed listing plans.

Here are the details

• The SoftBank-backed company plans to ‌sell a fresh issue ‌of shares ⁠worth $354.65 ⁠million.
• Prism first filed for an IPO in 2021, seeking a ​valuation of up to $12 ‌billion, but has repeatedly delayed its listing.
• The company revived plans in March ‌2023 with a confidential filing before ​postponing the offering for a third time in ⁠May. It turned to debt financing in the intervening years.
• Prism ‌filed an updated draft red herring prospectus in June, saying it planned to raise 66.5 billion rupees through a fresh share issue.
• The ‌potential listing would add to an ​already busy year for India's IPO market, with Jio ⁠Platforms' ongoing offering and a slate ⁠of others set to make it a record ‌year for the primary domestic market.

(This is a developing story)

Published on October 22, 2026

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