Oyo IPO: Prism Calls EGM to Raise ₹6,650 Crore and Revive Listing Plans

The long-delayed Oyo IPO is finally getting real movement again. Prism, the parent company of Oyo, has officially called for an Extraordinary General Meeting (EGM) on December 20 to seek approvals for raising ₹6,650 crore through a fresh issue of shares. This is the strongest signal yet that the company is gearing up to revive the Oyo IPO and return to India’s public markets after multiple failed attempts.

According to documents reviewed by Moneycontrol, Prism is looking for broad shareholder authorisation — from capital restructuring to governance changes — to prepare itself for a fully compliant, publicly listed structure. For investors tracking the Oyo IPO, this is a major milestone and possibly the start of the final launch attempt.

Is This the First Oyo IPO Attempt? Short Answer: Nope.

The upcoming EGM marks the company’s third attempt at going public.

1️⃣ First Attempt — 2021 (The Big One)

In September 2021, Oyo filed its DRHP targeting a $1.2 billion raise at a valuation of $11–12 billion.
But turbulent global markets forced a pause.

2️⃣ Second Attempt — 2023 (The Quiet One)

In 2023, the company tried a confidential pre-filing for a downsized $400–600 million IPO.
Again, no public issue followed.

3️⃣ Current Attempt — 2025 (Most Serious Yet)

This time, Prism is not testing the waters — it’s rebuilding the pool.
Every resolution points to a full-scale relaunch of the Oyo IPO machinery.

What Exactly Is Prism Asking Shareholders to Approve?

The biggest ask:
➡️ Raise ₹6,650 crore via fresh equity shares
➡️ Include a 1% oversubscription option
➡️ Allow pricing flexibility (par or premium)

Along with that, Prism wants permission to:

• Conduct pre-IPO placements

• Issue shares under a green shoe option

• Offer discounts/reservations for employees

• Modify its capital structure ahead of the Oyo IPO

• Execute all filings with SEBI, RoC, and the exchanges

This gives the board full operational freedom to execute the issue without coming back for approvals each time. Classic IPO-readiness move.

Capital Restructuring Before the Oyo IPO

The EGM will decide on increasing authorised share capital from ₹24.31 crore to ₹24.91 crore.

The company also plans a cleanup of its multiple CCPS (Compulsorily Convertible Preference Shares).
Before listing, all CCPS must be converted to equity — mandatory for a compliant public-market structure.

For investors holding Oyo’s unlisted shares, this alignment matters because it paves the way for accurate valuation discovery during the Oyo IPO.

A Bonus Issue Is Also on the Table

Prism has proposed a 1:19 bonus issue — one new share for every 19 held.
Record date: December 5, 2025

This will be funded through free reserves, securities premium, or eligible accounts.
Post bonus, all CCPS series will have their conversion ratios adjusted to maintain investor fairness.

This is typically done to streamline the cap table and position the stock attractively before an IPO.

Timeline: What Happens Next?

• EGM Date: December 20

• Mode: Video conferencing

• Time: 5:30 PM IST

If shareholders approve:
➡️ Prism gets full mandate to execute the Oyo IPO
➡️ Filings with SEBI will begin
➡️ Investment banks will be appointed
➡️ Pre-IPO placements may start
➡️ Capital cleanup + CCPS conversions will follow

From there, the IPO launch depends only on market conditions and SEBI clearance.

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Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult financial advisors before making any investment decisions.