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OYO parent Prism targets ₹6,650 crore IPO this fiscal as it builds for Nashik Kumbh demand

OYO parent Prism aims to launch a Rs 6,650-crore IPO this fiscal, primarily to reduce debt. OYO is also building hotel infrastructure, including Sunday Hotels four-star properties, for expected demand around Nashik’s Simhastha Kumbh.

Prism's proposed IPO fresh issue is ₹6,650 crore, with most earmarked for debt repayment
  • Proposed IPO fresh issue₹6,650 crore
  • Earmarked for debt repayment/prepayment₹4,987.5 crore

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Reported figures

From the report. Source details below

  • Rs 4,987.5 crore for debt repayment/prepayment
  • Over 1 lakh guests hosted during previous Maha Kumbh
  • December 2025 DRHP filing
  • June 30, 2026 updated draft submission

The source

Source Read the source at ET Hospitality

Published

Also reported by Outlook Business

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