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OYO’s parent company Prism has filed updated draft papers with markets regulator Sebi to raise Rs 6,650 crore through an initial public offering (IPO), comprising entirely a fresh issue of shares.
The hospitality company has not included any offer-for-sale (OFS) component in the proposed public issue, meaning existing shareholders, including SoftBank’s SVF India Holdings, founder Ritesh Agarwal, RA Hospitality Holdings, Microsoft, Airbnb, Khazanah, Lightspeed, Greenoaks Capital and Peak XV, will not dilute their holdings through the IPO.
Meanwhile, Social Worth Technologies Ltd, the parent company of digital lending platform Fibe, has filed draft papers with Sebi to raise funds through an IPO.
The proposed IPO comprises a fresh issue of equity shares worth up to Rs 750 crore and an OFS of over 4 crore equity shares by existing shareholders, PTI reported citing draft red herring prospectus filed on Monday.
