Travel-tech company Prism, the parent entity of OYO, has received regulatory approval to proceed with its proposed public offering. The company is reportedly planning to raise thousands of crores through the issue, making it one of the most closely watched upcoming IPOs in the market.
The company operates in the hospitality and travel technology sector, which has witnessed strong recovery following the resurgence of tourism and business travel. Improved operating metrics and stronger financial performance have strengthened investor interest in the business.
Market participants believe the IPO could attract significant attention from institutional and retail investors due to OYO’s strong brand recognition and global presence. The listing may also serve as an important test of investor appetite for technology-enabled travel businesses.
