PRISM seeks shareholder approval for Rs 6,650 crore IPO

Oyo parent PRISM has issued a notice convening an Extraordinary General Meeting (EGM) on December 20, 2025, seeking shareholder approval to raise up to Rs 6650 crore through a fresh issue of equity shares as part of its proposed IPO.

Shareholders will also vote on a bonus issue proposal to issue 1 fully paid-up equity share for every 19 existing equity shares, with December 5, 2025 set as the record date for determining eligible shareholders.

This follows PRISM’s decision to revisit and unify its earlier bonus structure based on shareholder and investor feedback, ensuring the revised framework provides equitable participation for all equity shareholders.

The process will be automatic and will require no action from shareholders.

The bonus shares will be issued out of the company’s share premium and reserves, in accordance with the provisions of the Companies Act, 2013.

To support the bonus issue and future capital requirements associated with the IPO, the EGM will also vote on increasing the company’s authorised share capital from Rs 2431 crore to Rs 2491 crore, along with corresponding amendments to Clause V of the Memorandum of Association