OYO’s parent company Prism has cut its planned IPO fresh issue nearly in half, from ₹6,650 crore to ₹3,350 crore, disclosed in an addendum to its updated draft prospectus ahead of a likely November listing. Debt repayment from the proceeds drops to ₹2,500 crore from ₹4,980 crore. Sources suggest the company no longer needs as much capital, amid improved cash flow. This video explains whether the move signals strength or caution.
