OYO's ₹6,650 Crore IPO Takes Shape As Parent Prism Files DRHP | OYO IPO

OYO's long-awaited stock market debut has moved a step closer, with parent company Prism filing its Draft Red Herring Prospectus (DRHP) with SEBI for a ₹6,650 crore fresh issue. The IPO proceeds will primarily be used to repay borrowings, while the company has reported a profit of ₹748 crore for the first nine months of the financial year. After multiple failed IPO attempts over the years, the latest filing has rekindled hopes that OYO could finally hit the primary market. Market expert Vineeth believes OYO has built a strong consumer brand and a nationwide presence, making it one of India's most recognised new-age companies. Here's what the fresh IPO filing means for investors and the road ahead for OYO.