OYO's Parent Firm Plans Massive IPO and Bonus Share Issue

PRISM, the parent firm of OYO, has scheduled an Extraordinary General Meeting to get shareholder approval for raising Rs 6,650 crore through an IPO. Along with the IPO, a bonus issue proposal for fully paid-up equity shares and an increase in authorized share capital will also be discussed.

PRISM, the parent company of OYO, is set to hold an Extraordinary General Meeting (EGM) on December 20 to secure shareholder approval for a substantial Rs 6,650 crore initial public offering (IPO).

The notice, issued to shareholders, outlines agenda items including a proposed bonus issue of one fully paid-up equity share for every 19 existing shares, with a record date of December 5, 2025. This move aims to refine PRISM's bonus structure based on stakeholder inputs.

In a bid to facilitate the bonus issue and future capital needs associated with the IPO, the meeting will also address increasing authorized share capital from Rs 2,431 crore to Rs 2,491 crore, necessitating updates to the Memorandum of Association.

(With inputs from agencies.)