OYO's parent company, PRISM, has confidentially filed draft IPO papers with India's Sebi, aiming to raise up to Rs 6,650 crore. This marks the company's second attempt at an IPO, with previous plans in 2021 and 2024 being withdrawn due to market volatility. The proposed offering is expected to value PRISM between $7-8 billion. Shareholders approved the capital raise, and the company has expanded its banking syndicate for the offering. Recent financial disclosures indicate profitability and revenue growth.