Prism, the parent company of global travel tech unicorn Oyo, has received approval from the Securities and Exchange Board of India (Sebi) to raise ₹6,650 crore through its initial public offering (IPO), according to livemint.com. The IPO is expected to value Prism at between $7 billion and $8 billion. Prism filed its preliminary IPO papers with Sebi via the confidential route in late December 2025.
The approval marks a significant step for Prism as it moves closer to going public. The company submitted its draft papers confidentially at the end of 2025, a process that allows firms to keep details private while Sebi reviews the application. The ₹6,650 crore target reflects Prism’s ambition to capitalize on its position in the travel technology sector. The valuation range of $7-8 billion positions Prism among the larger Indian tech IPOs in recent years, highlighting investor interest in travel-related digital platforms.
This IPO comes amid a broader trend of Indian tech companies seeking public markets to fund expansion and consolidate their market positions. Oyo, Prism’s flagship brand, has grown rapidly in the global travel accommodation space, competing with established players by leveraging technology to scale. The ₹6,650 crore IPO will provide Prism with capital to strengthen its offerings and expand internationally. The valuation range aligns with other recent tech IPOs, reflecting investor appetite for high-growth travel and hospitality tech firms.
Prism’s IPO approval by Sebi was reported on June 2, 2026, by livemint.com, with the company expected to finalize its public offering details soon. The next formal step involves setting the IPO price band and opening subscription to investors, which will reveal market reception to Prism’s public debut.