Oyo parent Prism files updated draft IPO papers: Playback
Oyo’s parent company, Prism, has filed an updated draft red herring prospectus (UDRHP) with the Securities and Exchange Board of India (Sebi) for its proposed Rs 6,650-crore initial public offering (IPO), after receiving the regulator’s in-principle nod for the issue earlier this month.
The IPO comprises an entirely fresh issue of equity shares, with no offer-for-sale component, meaning existing shareholders—including SoftBank, Prism founder Ritesh Agarwal, Microsoft, Airbnb, Peak XV Partners, Lightspeed, Greenoaks and Khazanah—will not dilute their stakes through the listing. The promoter group held 66.76% of the company ahead of the issue.
