OYO (rebranded under parent Prism) is India’s largest hospitality platform preparing for a $7–8 billion IPO in March–April 2026, with a fresh issue of ₹7,000 crores and OFS of ₹1,430 crores.
Corporate Transformation
Business Portfolio
Parent company rebranded from Oravel Stays to Prism (Sep 2025).
Expanded beyond budget hotels into a diversified hospitality & technology conglomerate.
Financial Performance (FY25)
Hotels: OYO, Motel 6, Townhouse, Sunday, Palette
Vacation Homes: Belvilla, DanCenter, CheckMyGuest, Studio Prestige
Extended Stays: Studio 6
Workspaces & Events: Innov8, Weddingz.in
Technology Solutions: AI-driven partner tools, revenue management platforms
Q1 FY26 Momentum
Revenue: ₹6,252 crores (20% YoY growth)
Adjusted EBITDA: ₹1,132 crores (27% YoY growth)
Net Profit: ₹245 crores (after one-time costs)
Gross Booking Value (GBV): ₹16,250 crores (54% YoY growth)
EPS: ₹0.93 (158% increase YoY)
Global Presence
Profit After Tax: ₹200+ crores (130% YoY growth)
Revenue: ₹2,019 crores (47% YoY growth)
GBV: ₹7,227 crores (144% YoY surge)
Technology Edge
Operations in 35+ countries, serving 100M+ customers annually
22,700 hotels and 119,900 vacation homes worldwide
Acquired G6 Hospitality (Motel 6 & Studio 6) for $525M, strengthening US market presence
Expanding premium brand Sunday Hotels across UAE, Saudi Arabia, UK
Competitive Strengths
AI-driven revenue management & dynamic pricing algorithms
56 customer segments for personalization
Virtual check-ins, smart locks, and automation for partners
Advanced data science platforms to improve margins & customer satisfaction
IPO Details
Standardization of budget accommodations
Asset-light, tech-enabled model with global scalability
Diversified revenue streams: commissions, franchises, SaaS, service fees, OTAs
Growth Outlook (FY26 Targets)
Profit After Tax: ₹1,100 crores
EBITDA: ₹2,000 crores
Continued double-digit revenue growth driven by international expansion & premiumization
Valuation Target: $7–8B (~₹58,000–67,000 crores)
Issue Size: ~₹8,430 crores (₹7,000 crores fresh issue + ₹1,430 crores OFS)
Timeline: DRHP in Nov 2025 → Listing in Mar–Apr 2026
