New Delhi, June 30 -- Hospitality technology firm Prism, the parent company of OYO, has submitted updated draft papers to market regulator Sebi for a proposed Rs.6,650 crore initial public offering (IPO).

The IPO will not include an offer-for-sale (OFS) component, meaning existing investors-including SoftBank's SVF India Holdings, founder Ritesh Agarwal, RA Hospitality Holdings, Microsoft, Airbnb, Khazanah, Lightspeed, Greenoaks Capital and Peak XV-will retain their stakes and will not sell any shares as part of the public offering.

According to the Updated Draft Red Herring Prospectus (UDRHP) filed on Tuesday, the IPO will consist of a fresh issue of equity shares worth up to Rs.6,650 crore, marking the company's latest bid to enter th...