OYO's first IPO attempt (2021-2022)
OYO filed draft papers for a ₹8,430 crore IPO in September 2021, seeking a valuation near $12 billion. Public market conditions cooled, the company cut its valuation target and eventually shelved the listing.
The filing lapsed without shares ever trading.
OYO spent the next years restructuring, acquiring G6 Hospitality (Motel 6), rebuilding margins and expanding in Europe and the US before returning to the IPO market.
This is Prism's second run at public markets. The earlier failure explains why rating agencies stress execution risk and why a successful listing would be a milestone.
