Upcoming IPO: OYO parent PRISM gets shareholders’ nod to raise Rs 6,650 crore

PRISM, the parent company of travel technology platform OYO, has received shareholders’ approval to raise up to Rs 6,650 crore through a fresh issue of equity shares as part of its proposed Initial Public Offering (IPO). The approval was granted at an Extraordinary General Meeting (EGM) held on December 20, 2025.

At the EGM, shareholders approved the proposal to undertake the IPO, allowing the company to access public markets subject to regulatory approvals and market conditions. The approval is part of PRISM’s ongoing preparations for listing its shares on stock exchanges.

India’s IPO Market

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The approval comes amid strong activity in India’s IPO market. In 2025, companies raised a record Rs 1.76 lakh crore through IPOs, driven by domestic liquidity, investor participation and supportive macroeconomic conditions. This exceeded the Rs 1.6 lakh crore raised in 2024 and the Rs 49,436 crore raised in 2023.

Startup listings increased during the year. A total of 18 startups, including Lenskart, Groww, Meesho and PhysicsWallah, went public in 2025 and collectively raised over Rs 41,000 crore. In comparison, startups raised Rs 29,000 crore from the primary market in 2024.

Offer for Sale (OFS) accounted for about 60 per cent of the total capital raised through IPOs in 2025. Companies across large-cap, mid-cap and small-cap segments accessed the primary market. The average IPO issue size in 2025 was over Rs 1,700 crore.

IPO activity is expected to remain strong in 2026. More than 75 companies have received approval from the Securities and Exchange Board of India (Sebi) but have yet to launch their issues.

103 Main-Board IPOs Launched In 2025

Another 100 companies are awaiting regulatory clearance. The pipeline includes companies from sectors such as technology, financial services, infrastructure, energy and consumer goods.

According to data compiled by IPO Central, 103 main-board IPOs launched in 2025 raised Rs 1.76 lakh crore. The SME segment also recorded high activity, with 252 SMEs raising Rs 11,400 crore during the year, compared with Rs 9,580 crore raised by 222 SMEs in 2024.

Among the largest main-board IPOs in 2025 were Tata Capital (Rs 15,512 crore), HDB Financial Services (Rs 12,500 crore), LG Electronics India (Rs 11,607 crore), Hexaware Technologies (Rs 8,750 crore), Lenskart Solutions (Rs 7,278 crore) and Billionbrains Garage Ventures (Rs 6,632 crore).