PRISM, the parent company of hospitality platform OYO, has scheduled an Extraordinary General Meeting on December 20 to secure shareholder approval for its plan to raise up to ₹6,650 crore through an initial public offering. The company has issued a formal notice outlining the meeting agenda and the various resolutions shareholders are expected to vote on. The proposed fundraising marks a renewed attempt by the travel-tech group to tap public markets after earlier efforts were put on hold.

The company’s communication states that shareholders will also vote on a bonus issue proposal as part of the meeting. PRISM plans to issue one fully paid-up equity share for every 19 existing equity shares, with December 5, 2025, set as the record date for determining eligible shareholders. The bonus issue is positioned as a move to ensure wider participation and streamline the firm’s capital structure.

The decision to revisit and unify its earlier bonus structure follows extensive shareholder and investor feedback. The revised framework aims to provide equitable distribution across all equity shareholders, reflecting an updated approach to ownership and value allocation ahead of the planned IPO.

Bonus Issue Terms

According to the company, the bonus shares will be issued from its share premium and reserves, in compliance with the Companies Act, 2013. This allocation approach is intended to ensure statutory alignment while preparing the company’s capital structure for its future listing plan. The issue forms a significant part of PRISM’s broader effort to strengthen its financial position before entering the public market.

As part of these preparations, shareholders will also vote on a proposal to increase the company’s authorised share capital. The plan is to raise the authorised capital from ₹2,431 crore to ₹2,491 crore, allowing PRISM to accommodate both the bonus issue and potential equity expansion linked to the proposed IPO. The move requires corresponding amendments to Clause V of the Memorandum of Association.

The company has stated that this increase in authorised capital is necessary to support upcoming capital requirements and ensure sufficient flexibility ahead of the public offering. These steps align with PRISM’s goal of creating a more efficient capital structure that can sustain long-term strategic plans.

Capital Structure Updates

The travel-tech group is positioning the upcoming EGM as a pivotal step in aligning shareholder interests with its long-term listing aspirations. By combining the bonus issue with a planned expansion of authorised capital, PRISM aims to prepare a strong foundation for its proposed IPO route. The firm believes this governance-focused restructuring will offer more clarity to current investors and prospective public-market participants.

The resolutions being placed before shareholders are also aimed at improving transparency and operational readiness. With the IPO proposal forming the core of the agenda, the company is signalling renewed intent to move forward with a public listing after earlier postponements. The outcome of the meeting is expected to determine the company’s next steps in its market-entry timeline.

OYO Parent Company

PRISM remains the holding entity for OYO, one of India’s most recognised hospitality and travel-tech brands. The group’s strategic restructuring efforts come at a time when OYO continues to streamline operations across markets and strengthen its balance sheet.

Although the immediate focus is on shareholder approvals, the broader objective extends to positioning the group for long-term growth, improved governance and higher investor confidence. The proposed IPO is expected to play a central role in shaping the company’s future expansion plans across domestic and international markets.