The Securities and Exchange Board of India (Sebi) has given its approval to five public issues, including the initial public offering (IPO) of Prism, the parent company of hospitality unicorn Oyo, and Truhome Finance. Among the proposed offerings, Prism is expected to be the largest, with plans to raise approximately Rs 6,650 crore through its IPO.
Prism IPO Details
Prism, formerly known as Oravel Stays and rebranded in September 2025, is set to launch its IPO to raise around Rs 6,650 crore. The company operates the Oyo brand and has been a major player in the budget hospitality segment. The IPO will consist of a fresh issue of shares and an offer for sale by existing shareholders.
Other IPOs Approved
In addition to Prism, Sebi has approved IPOs from Truhome Finance, a housing finance company, and three other undisclosed firms. The approvals come as part of a broader trend of increased primary market activity, with several companies looking to raise capital amid favorable market conditions.
Truhome Finance, which provides affordable housing loans, is expected to raise funds to expand its lending portfolio. The exact amount for its IPO has not been disclosed yet.
Market Impact
The approval of these IPOs is seen as a positive signal for the Indian capital markets, indicating strong investor appetite and regulatory support. Analysts expect the Prism IPO to attract significant interest from institutional and retail investors, given Oyo's brand recognition and growth potential.
The other issuers are likely to file their draft red herring prospectuses (DRHPs) soon, with the actual listing expected in the coming months. Sebi's clearance is a key milestone in the IPO process, allowing companies to proceed with roadshows and price discovery.
Overall, these five IPOs are expected to collectively raise thousands of crores, providing a boost to the primary market and offering investors new opportunities.
