Hospitality giant Prism, parent of OYO, is aiming to raise Rs 6,650 crore via an IPO, with all funds coming from a fresh share issue. The company plans to use the majority of proceeds to repay borrowings. Prism has shown significant financial improvement, with revenue and profit surging in the first nine months of FY26. Its US business, boosted by the G6 Hospitality acquisition, is a key growth driver.