OYO Set to Launch IPO; Prism Calls EGM to Seek Shareholders’ Approval

Authored By: Shishir Chaurasia | NavbharatTimes.com • 29 Nov 2025, 10:15 AM

Mumbai: Hospitality major OYO is gearing up to launch its long-awaited Initial Public Offering (IPO). Its parent company, Prism, has called an Extraordinary General Meeting (EGM) on 20 December to seek shareholders’ approval for the public issue.

According to the notice, the company plans to raise up to ₹6,650 crore through the IPO, which will be generated by issuing fresh equity shares.

Shareholders to Vote on Bonus Issue

Alongside the IPO proposal, Prism has also placed a resolution to issue bonus shares. Under the proposed structure, shareholders will receive 1 fully paid-up equity bonus share for every 19 shares held.

The company has fixed 5 December as the record date, meaning shareholders holding equity up to this date will be eligible for the bonus allotment.

Revised Bonus Structure for Equal Benefits

Prism stated that the decision to review and unify the existing bonus structure was taken after considering the feedback from shareholders and investors. The new structure aims to ensure equal and balanced benefits for all equity shareholders.

The bonus shares will be issued from the company’s share premium and reserves.

Proposal to Increase Authorised Share Capital

During the same EGM, shareholders will also vote on the proposal to increase Prism’s authorised share capital from ₹2,431 crore to ₹2,491 crore, as mentioned in the official notice reviewed by ET.