India, June 2 -- Hospitality major PRISM, the parent entity of OYO, has received SEBI approval for its proposed IPO, sources told Inc42.

The development comes nearly six months after the company confidentially filed its DRHP in December 2025.

Ahead of filing, PRISM's shareholders approved its plan to raise up to Rs.6,650 Cr through a fresh issue of equity shares at an extraordinary general meeting held on December 20, 2025.

The sources said the proposed public issue could value the company between $7 Bn and $8 Bn.

Following SEBI's nod, the company is expected to file its updated DRHP in July this year.

(The story will be updated soon)

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