OYO IPO is Back: Should Investors Watch This ₹6,650 Crore Issue?

After two failed attempts and years of waiting, the OYO IPO 2026 is finally moving forward. PRISM, OYO’s parent company, has filed its updated prospectus with SEBI and plans a fresh issue of ₹6,650 crore. Investors who have watched this process stall before are now wondering if things have really changed. This time, it looks like they have.

What’s Actually Being Offered

The entire ₹6,650 crore is a fresh issue, so there is no Offer for Sale. Existing shareholders such as SoftBank, Microsoft, Airbnb, and founder Ritesh Agarwal are not selling any shares in this IPO. Around ₹4,987.5 crore, or about 75%, will be used to repay or prepay existing loans. The main goal of this offer is to reduce debt.

Why This Attempt Looks Different

OYO first tried to go public in 2021, aiming to raise ₹8,430 crore at a $12 billion valuation, but withdrew when tech stocks dropped. A second private attempt in 2023 was also canceled. Now, the company’s financials are stronger. For the nine months ending December 2025, PRISM reported ₹6,941 crore in revenue and ₹748 crore in net profit, up from just ₹245 crore profit for all of FY25. EBITDA more than doubled to ₹2,127 crore. The company has also changed its business by leaving over 150,000 hotel rooms, closing operations in China and several European markets, and focusing on India, Southeast Asia, and premium hospitality.price band, lot size, subscription dates, and final valuation have not been announced yet. Reports suggest PRISM may target a $7–8 billion valuation. This is much lower than the earlier $12 billion goal, but it will be the key figure to watch to see if this IPO is attractive for public investors.

Your Immediate Action Plan

1. Don’t subscribe to brand recognition. Don’t invest just because you know the brand. OYO’s turnaround is real, but whether it’s a good investment depends on the valuation. The lot size will be the real test of whether this IPO is attractively priced.
2. Watch how the company manages its debt. Since most of the money raised will go toward paying off loans, the company’s financial health after listing matters more than just its growth numbers.
3. Don’t let excitement about the IPO distract you from your main investment plan. If you have a steady ₹1 crore SIP, keep it going and don’t pause it just to invest in a single IPO.

Don’t Wait Until It’s Too Late

Big IPOs attract a lot of attention, but smart investing means focusing on the details, not just the headlines. Whether OYO turns out to be a success or a cautionary tale, making informed decisions is what protects your wealth. Talk to the experts at ashikawealth.in before making any IPO decision.

Disclaimer: Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Sources: TOI, Money Control, News 18, Business Today