OYO’s parent company PRISM will hold an Extraordinary General Meeting on December 20 to seek shareholder approval for a Rs 6,650 crore IPO and a 1:19 bonus share issue, with December 5 set as the record date. The company also plans to increase its authorised share capital to support the initiatives.
OYO’s parent firm, PRISM, has announced that it will conduct an Extraordinary General Meeting (EGM) on December 20, 2025, to seek approval from its shareholders for raising up to Rs 6,650 crore through an Initial Public Offering (IPO). This move positions PRISM to strengthen its capital base as it prepares to scale operations and support future growth initiatives.
The company has formally issued a notice to its shareholders, detailing the agenda of the meeting and inviting participation in the voting process.
During the EGM, shareholders will cast their votes on the proposed IPO, which aims to raise Rs 6,650 crore. According to PRISM, the funds raised will support expansion, technological enhancements, and other corporate initiatives aligned with the company's long-term strategy in the travel tech space.
The IPO comes amid a growing interest in India’s travel and hospitality technology sector, with OYO continuing to expand its global footprint.
In addition to the IPO, shareholders will vote on a bonus issue proposal, entailing the issuance of 1 fully paid-up equity share for every 19 existing equity shares held by shareholders. The record date for determining eligibility is set as December 5, 2025.
The company clarified that the bonus shares will be issued out of its share premium and reserves, in compliance with the Companies Act, 2013.
This bonus issue follows PRISM's decision to revise its earlier bonus structure, ensuring that all equity shareholders participate equitably based on their holdings, reflecting feedback from investors and shareholders.
To facilitate the bonus issue and support capital requirements linked to the IPO, the EGM will also consider a proposal to increase PRISM's authorised share capital from Rs 2,431 crore to Rs 2,491 crore.
Corresponding amendments will be made to Clause V of the Memorandum of Association, ensuring the company complies with legal requirements and maintains flexibility for future capital-raising initiatives.
PRISM’s dual approach of raising funds via an IPO and rewarding shareholders through a bonus issue demonstrates the company’s commitment to enhancing shareholder value while securing the resources needed for business growth.
With the EGM scheduled for December 20 and the record date for bonus shares on December 5, shareholders are expected to play a crucial role in approving these strategic decisions, marking an important milestone for the OYO parent company.