India, July 1 -- OYO parent PRISM has filed its updated DRHP for a fresh issue-only IPO with the SEBI. As per the company's draft IPO papers, the public issue will consist solely of a fresh issue worth Rs.6,650 Cr.

This marks the third attempt for OYO to go public. After shelving plans to go public in 2021, the company refiled confidentially in 2023. The second attempt was also fruitless.

In the run up to its third attempt, it seems that founder Ritesh Agarwal has shored up his holdings in the company.

The group CEO directly holds 6.59% stake in the company. Meanwhile, he also owns 20.12% and 3.81% indirectly via his investment vehicles RA Hospitality Holdings and Patient Capital Investments, respectively.

Besides, the chief human res...