On December 20, 2025, PRISM, the parent company of OYO, will hold an Extraordinary General Meeting to commence the long-proposed plans to go public.
PRISM is focused on receiving shareholder approval to raise ₹6,650 crore via the sale of new equity shares, continuing the company’s efforts towards obtaining an IPO.
Additional plans include the sale of bonus shares, the modification of the company’s authorised capital, adjustments to the company’s governance structure, and the overall design of the company around the public market, all concerning the public structure of the hospitality company.
Observers of the Unlisted Shares of OYO and new IPOs will find the company’s plans on public listing to be of great value.
PRISM has convened an EGM to approve its IPO plan
PRISM has announced an EGM to advance its plan to raise ₹6,650 crore through an IPO. The hospitality platform OYO’s parent company, PRISM, recently made an important move in its plan to go public. On December 20, 2025, the company is holding an Extraordinary General Meeting (EGM) to gain shareholder approval to raise around ₹6,650 crore with a new share issuance.
Following the company’s multiple IPO postponements, this is the company’s most serious effort in trying to resume the IPO process.
The company can continue with another filing, which would allow OYO to advance the plan that many have been waiting to see in the capital markets in the coming years, if the proposal is approved.
PRISM’s upcoming EGM is scheduled to consider and likely approve the initial set of resolutions needed for the company to list on the stock exchange, as part of its proposed ₹6,650 crore IPO and significant alterations to its business structure.
These include the capital formation, the company’s shareholding structure and distribution, and the governance of the company, which it will subsequently change, as it prepares to go public.
What will PRISM’s EGM decide for the IPO?
Approved Addition of a Fresh Equity Issue of ₹6,650 Crore
PRISM is likely to receive approval for a public offering of equity securities, which include shares of stock and transferable certificates of the company’s stock, for a proposed IPO for the offering in the primary markets.
The funds will bolster the company’s finances to support new growth activity and also to improve the balance sheet, as the IPO will go public.
Bonus Shares Will be Issued
PRISM currently offers one fully paid equity share as a bonus for every 19 owned by the investors. The company’s current shareholders and investors will be of equal value, and the company will be giving bonus shares to current investors to increase the number of shares currently out there.
The recorded date for the bonus shares is set for December 5, 2023. The company will release its reserves, and it will also augment its share capital if needed, as the primary goal is to redistribute the shares in the equity of the company prior to its public offer.
Enhancement of Authorised Capital
PRISM intends to increase its authorised share capital to ₹2,491 crore. This is to ensure there is enough balance to the shares currently allocated and to be able to offer shares to new investors in exchange for funds to issue new shares.
These new shares can be replaced to improve the equity balance. Finally, the increase in the total number of shares equals the increase of the balance available to improve the equity in the company.
This modification offers the structural ability necessary for the enlarged share base.
Governance and Structural Improvements
The EGM will also consider a number of governance and structural modifications aimed at making PRISM compliant with the listing requirements.
These changes enhance oversight, improve compliance, and refine the corporate structure, which are necessary steps in advance of the OYO IPO.
Third Attempt to Go Public
This is PRISM’s third attempt to take OYO public
- In 2021, the company filed a draft red herring prospectus targeting a large public issue, but had to pause because of volatility in the markets.
- In the year 2023, PRISM once again submitted paperwork, albeit on a confidential basis, however the documentation was not further advanced.
- The 2025 EGM indicates an increased state of preparedness and better organizational synergy with respect to the forthcoming public offering.
Aimed at expedited business development, effective debt realignment and balance sheet restructuring will rationalize the newly raised fund size of ₹6,650 crores.
What This Means for Market Stakeholders, Specifically OYO
The news regarding OYO’s parent is especially important for stakeholders regarding unlisted shares.
Expected Possibility for Liquidity:
The initial public offering is anticipated to unlock liquidity for OYO’s unlisted shares.
Changing Shareholding Structure:
An increase to the bonus issue and the increase to the authorised capital impact levels of dilution and shares on offer.
Better Overall Company Transparency:
Listing preparation often induces better governance, better disclosure, and reporting practices for the Company. These are all important elements to assess for the Company’s future stability.
Investors in the platforms for private and pre-IPO companies, OYO, and particularly this EGM, is a pivotal moment in the journey that potentially shapes the public offering of OYO.
Important Steps and Dates
- December 5, 2025: Deadline for the registration of bonus shares
- December 20, 2025: Extraordinary general meetings for voting on the IPO and the refinancing of the debt
After the EGM:
If the EGM is approved, PRISM will be able to update its IPO registration and open the IPO to the necessary regulatory timelines.
The outcome of the meeting will likely set the speed and direction for the OYO renewed listing strategy.
Conclusion
The company’s recent relocation is a testament to the company’s unyielding desire to take OYO to a publicly traded company. OYO is showing that they want to go public because they restructured some finances to support a new public offering.
FAQs
Q1-Why has PRISM called an Extraordinary General Meeting (EGM)?
To obtain shareholder approval for an increase in the capital base and the issuance of bonus shares. PRISM has called an EGM to authorise an increase to ₹6,650 crore through the issuance of new equity shares.
This meeting is an important step for OYO to recalibrate its corporate structure for the new IPO strategy and prepare for a public market offering.
Q2-What is included in PRISM’s proposed ₹6,650 crore IPO plan?
The IPO proposed to PRISM by the market included new equity capital to be raised, the establishment of a bonus issue of equity shares to be allocated at the ratio of one (1) bonus share for every nineteen (19) equity shares held by the eligible shareholder, and an increase in the authorised share capital of the Company.
These actions are likely to strengthen the Company’s balance sheet, improve the Company’s shareholding structure, and position the Company for a future IPO, a public offering, and active participation in the capital markets.
Q3-What is the bonus share ratio announced by PRISM?
The bonus share issue proposed by PRISM is to be in the ratio of one (1) bonus share for every nineteen (19) equity shares held by the eligible shareholder, with a record date of December 5, 2025.
These bonus shares shall be allotted pursuant to the regulatory policies from the Company’s reserves and share premium and in accordance with the Company’s pre-IPO policies.
Q4-What are the ways this development affects investors monitoring OYO’s private shares?
Investors with hands on OYO’s unlisted shares benefit from these updates, as they highlight possible liquidity events. If the IPO gets completed, new exit options may be available for early investors.
The bonus shares and alteration of the capitalization structure may also impact unlisted investors’ expectations regarding the valuation.
Q5-What changes to governance does PRISM intend to make before the IPO?
PRISM is seeking to enhance its governance framework through modifications to its compliance structures, improvements to its financial control systems, and the modification of its internal governance policies in a way that meets the expectations that are placed on an organization that is publicly listed.
These changes facilitate public market scrutiny, increase transparency, and help in the preparation necessary to sustain ongoing public market scrutiny.
Q6-What is the impact of an IPO on OYO’s business strategy in the long run?
An Initial Public Offering (IPO) can enhance business diversification, lighten the debt burden, and provide funds for new growth opportunities. While concrete growth plans will be formulated and developed post-approval, this particular action will show OYO’s plans and efforts to be in a better position sleeping and strengthening their core operations for a better balance sheet to support growth in the listing and beyond.
Q7-How do investors monitor OYO’s progress after listing OYO’s listing on NSE?
If you want to monitor OYO’s shares after the listing, printouts will be available through the NSE (National Stock Exchange) at any time, and you will be able to access corporate announcements and updates on the position within the market. It is especially beneficial for those who are monitoring the progress of enterprises that are migrating from the unlisted market to the NSE.
Q8-What is the connection of Polymatech to the India Private Market’s semiconductor?
Readers can visit the What’s New feature on Delisted Stocks for regular insights, financial reports, and market news pertaining to the unlisted, pre-IPO, and delisted ecosystem.
The site offers systematized updates regarding OYO, NSE, Onix, Nayara Energy, Polymatech, and other actors in the private market.
