Prism Eyes ₹6,650 Cr IPO, Plans ₹4,987.5 Cr Debt Repayment

Prism aims to raise ₹6,650 crore via an IPO, earmarking ₹4,987.5 crore to clear debt; launch likely November pending investor demand and regulatory approvals.

FY25 revenue hit ₹6,252.8 crore, up 16% from ₹5,388.8 crore in FY24, while net profit rose to ₹244.8 crore from ₹229.6 crore, though it includes a ₹767.6 crore deferred tax credit that masks an underlying pre‑tax loss.

In the first nine months of FY25, Prism generated ₹6,941 crore in revenue and posted net profit of ₹748.3 crore, pre‑tax profit of ₹245.2 crore, with a ₹559.3 crore deferred tax credit underscoring the volatility of tax adjustments.

Consolidated finance costs climbed to ₹1,089.3 crore in FY25 from ₹959.2 crore in FY24, highlighting high borrowing expenses; the IPO proceeds are earmarked to reduce these costs, mainly by settling loans of Oravel Stays Singapore.

The draft red herring prospectus dated June 29, 2026 states that the IPO timing will hinge on market conditions and book‑running managers’ recommendations, with investors gauging demand before the company finalises a launch date.