Oyo-parent Prism, formerly known as Oravel Stays, has filed its Updated Draft Red Herring Prospectus-I (UDRHP-I) with market regulator Sebi for an IPO that will entirely comprise a fresh issue of shares worth up to Rs 6,650 crore, with no offer for sale component.
This comes after the company filed its confidential Draft Red Herring Prospectus (DRHP) with Sebi at the end of December last year as part of its much-awaited listing plans and received the market regulator’s approval earlier this month.
