OYO Parent PRISM Files Updated DRHP For ₹6,650 Cr IPO

Hospitality unicorn OYO’s parent PRISM has filed its updated draft red herring prospectus (UDRHP) with SEBI for a ₹6,650 Cr IPO, which will comprise entirely of a fresh issue of shares. The Ritesh Agarwal-led company may also undertake a pre-IPO placement of up to ₹1,330 Cr. PRISM is said to be eyeing a valuation of $7 Bn to $8 Bn for the public issue.