Prism, the parent company of hotel aggregator Oyo, has filed confidential draft papers with SEBI for a Rs 6,650 crore initial public offering, aiming for a 2026 market debut. This move follows shareholder approval and a reported strengthening of financial performance, including a profit after tax of over 200 crore in Q1 FY26. The confidential route allows the company to keep IPO details private until later stages, a strategy previously used by companies like Swiggy and Meesho.