Oyo Files Updated DRHP to Raise INR 6,650 Cr: Key Things to Know

Oyo’s IPO features a fresh issue of equity shares worth up to Rs 6,650 crore and no offer for sale (OFS).

By Entrepreneur Staff | Jun 30, 2026

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Prism, the parent company of Oyo, on Tuesday filed an updated Draft Red Herring Prospectus (DRHP) with the market regulator SEBI (Securities and Exchange Board of India) to raise INR 6,650 crore via IPO.

The initial public offering (IPO), expected to list on the NSE and BSE, does not have any offer for sale component. According to reports, the company may place a pre-IPO offer of up to INR 1,330 crore which may lead to reduction in the offer size.

The Oyo-parent has roped in Axis Capital, Citigroup Global Markets India, Goldman Sachs (India) Securities, ICICI Securities, SBI Capital Markets, JM Financial, InCred Capital and Intensive Fiscal Services as book-running lead managers.

The company plans to deploy INR 4,987.5 crore from the net proceeds to repay or prepay borrowings. Rest of the funds will be used for general corporate purposes.

Oyo reports improved revenue

Prism reported INR 6,941 crore in revenue from operations for the 9 months ending on December 31, 2025, marking a nearly 11% surge from 6,259 crore in FY25.

For the same period, Oyo’s net profits were up by 205% to INR 748 crore whereas EBITDA surged 123% to INR 2,127 crore. The adjusted EBITDA stood at INR 1,968 crore year-over-year.

Oyo’s scale

Oyo operates over 40 brands across 35 countries. The company said its number of storefronts, inclusive of hotels, homes, and listings, surged to 293,554 as of December 31, 2025. Of these, the company operated 4,303 hotels, 124,668 homes and 144,583 listings.

“Our number of storefronts increased from 231,529 as at March 31, 2025 to 293,554 as at December 31, 2025, primarily driven by (i) an increase in our hotel storefronts from 22,628 to 24,303 due to further expansion of our company-serviced storefronts, primarily in India, SEAME and the United Kingdom, (ii) an increase in our home storefronts from 119,849 to 124,668 due to continued expansion in our key European markets and (iii) an increase

in our listings storefronts from 89,052 to 144,583 due to the expansion of our listings business across Europe beyond Germany,” the company said in its filings.

US not India is Oyo’s largest market

Oyo in its updated DRHP disclosed that over 80% of the company’s revenue came from markets outside India.

According to the filing, India contributed 16.23% of the revenue as of December 31, 2025 whereas 83.77% revenue came from abroad. In the global markets, the US contributed to 27.07% of revenue followed by Europe at 23.62%.

SoftBank is the largest shareholder

The filing discloses that SoftBank holds over 40% stake in the company. Founder Ritesh Agarwal holds 26.71% share (combination of individual shares and via RA Hospitality).

Other key stakeholders in the company are Oravel Employee Welfare Trust (5.39%), Patient Capital (2.77%) and Five Stars Capital (3.81%). Investors like Lightspeed, Peak XV and Airbnb hold over 1% each in the company.