OYO IPO Date, GMP and Latest News: SEBI Nod, ₹6,650 Crore Issue

OYO is closer to the stock market than it has been in years. Its parent company, listed on SEBI’s site as Oravel Stays Limited and now run under the PRISM group name, published its updated draft prospectus (UDRHP-I) on 30 June 2026 after clearing SEBI’s review. The plan is an IPO of up to ₹6,650 crore made up entirely of new shares, with about three quarters of the money set aside to repay debt.

What is still missing is a date. As of 18 October 2026 there is no red herring prospectus, price band or opening date, and the company has only said it will launch subject to market conditions. This page separates what is on record in SEBI filings from what has only been reported, and we will update it when the RHP is filed.

OYO IPO details: what we know so far

The 10% retail quota is lower than the usual 35%. That split applies to companies that do not pass SEBI’s profit track record test, and OYO’s loss in FY23 keeps it in that group. In practice, retail applicants will compete for a much smaller pool of shares if demand is strong.

OYO IPO latest news and timeline

This is OYO’s third serious run at a listing. It first filed a draft prospectus with SEBI on 1 October 2021 for an ₹8,430 crore IPO, at a reported valuation of about $12 billion, and filed two addenda in 2022. That issue never launched as global tech valuations fell. A second attempt through the confidential route followed in 2023 and was withdrawn in May 2024 while the company refinanced its debt, according to media reports.

The current attempt started with shareholder approval at an EGM on 20 December 2025 and a confidential filing at the end of that month. SEBI cleared it in early June 2026, as reported at the time, and the public UDRHP-I followed on 30 June, opening a 21 day window for public comments. Since then the company has not filed an RHP, the document that carries the price band and dates.

Other large new-age issues have taken a similar path this year. Zepto filed an updated draft and then paused over valuation, and PhonePe has also held back after SEBI approval, so a gap between approval and launch is not unusual.

About OYO and its parent company PRISM

Ritesh Agarwal founded OYO in 2012 as a budget hotel brand in India. The group now earns most of its money abroad: 83.77% of revenue in the nine months to December 2025 came from outside India, according to the draft prospectus. As of 31 December 2025 its platform had 24,303 hotels, 124,668 homes and 144,583 listings, about 2.94 lakh storefronts across more than 35 countries.

Its brands include OYO, Townhouse, Sunday and Palette in hotels, Motel 6 and Studio 6 in the US through G6 Hospitality, which it bought in 2024, and holiday homes in Europe through Belvilla and DanCenter. The model is largely asset light: it earns commissions, revenue shares and franchise royalties rather than owning the properties.

SoftBank’s SVF India Holdings is the largest shareholder at about 40%. Because this is a fresh issue only, none of the existing investors, including SoftBank, Ritesh Agarwal, Microsoft, Airbnb, Lightspeed and Peak XV Partners, is selling shares in the IPO.

The numbers investors will look at

Restated consolidated figures from the draft abridged prospectus. Nine month figures are not annualised.

The turnaround is clear. A loss of ₹1,286.52 crore in FY23 has become a profit of ₹748.34 crore in just nine months of FY26, three times the full-year profit of FY25, and nine month revenue is already above the whole of FY25. EBITDA for the nine months, ₹2,127.22 crore, is more than double FY25’s.

Debt is the other side of the story. Borrowings almost doubled in FY25 to ₹7,144.05 crore, the same year it bought G6 Hospitality, and stood at ₹7,484.88 crore in December 2025 against a net worth of ₹6,146.62 crore. The planned ₹4,987.5 crore repayment would cover about two thirds of that debt, which should cut interest costs sharply once the IPO is done.

What could change the plan

Valuation is the main swing factor. The reported $7 to 8 billion target is well below the roughly $12 billion OYO sought in 2021, but large tech issues in 2026 have been priced cautiously, and two earlier attempts ended without a listing. A weak market could push the launch back again, although the approval gives the company time.

The draft prospectus also lists risks worth reading before the RHP: dependence on overseas markets, especially the US; integrating G6 Hospitality and smaller acquisitions; a dispute with Zostel where an adverse outcome could require issuing or transferring up to 7% of its shares or paying an equivalent amount; and a pending trademark application for the PRISM name. A pre-IPO placement of up to ₹1,330 crore, if it happens, would shrink the public issue.

OYO IPO review: what it means for investors

For now there is nothing to apply for. The useful signals will come with the RHP: the price band and implied valuation, the latest quarter’s results, the final size after any pre-IPO placement, and the anchor book. Any grey market premium quoted before a price band is announced is unofficial and has no reliable basis.

The case for the IPO is a business that has turned profitable and plans to use the money to pay down debt. The case for caution is a history of delayed listings, most of its revenue coming from overseas markets, and a small retail quota that will limit allotment odds if the issue is popular. We will add our full Scouter Reading once the price band is out.

OYO IPO: frequently asked questions

Disclaimer: This article tracks reported IPO plans and is for information only. It is not investment advice. Plans, sizes and dates can change or be dropped. Wait for the RHP and official exchange notices before making any decision. Data as of 18 October 2026.