Who is Ajay Tyagi and why does this matter for the OYO IPO?

Ajay Tyagi is a former SEBI chairman with deep regulatory and market experience. His appointment as PRISM’s independent director can improve board oversight, audit rigor, and disclosures. This addition may lift investor confidence, attract stronger institutional interest, and support better price discovery for the OYO IPO.

What is the expected size and valuation of the OYO IPO?

The OYO IPO is expected to total around Rs 6,650 crore, with a targeted valuation of $7–8 billion. Final size, mix, and pricing will be set in the red herring and book-building process. Demand will depend on profitability visibility, cash flow trends, and overall market sentiment at the time of issue.

How could stronger governance impact IPO pricing and subscription?

Better governance can expand the pool of serious investors and improve the quality of bids. For the OYO IPO, credible independent oversight may reduce perceived risk and support firmer pricing. However, subscription will still depend on growth metrics, path to profits, and clarity on liabilities and unit economics.

What should retail investors review before applying for the OYO IPO?

Read the prospectus for audited financials, adjusted EBITDA, cash flow from operations, and contribution margins. Check occupancy, take rates, churn, and customer acquisition costs. Review board committee independence, related-party disclosures, and contingent liabilities. Compare valuation to growth and risk, and apply with clear allocation and pricing expectations.

Global Market Insights

OYO IPO, February 26: Ex‑SEBI Chief Ajay Tyagi Joins PRISM Board

ByDanny Kontos February 26, 2026February 26, 2026

OYO IPO talk picked up after PRISM, the parent of OYO, named former SEBI chairman Ajay Tyagi as an independent director. The move targets stronger governance and better disclosure ahead of a planned Rs 6,650 crore issue and a $7–8 billion valuation. For Indian investors, this adds a credible regulatory lens at a key moment. We break down what the appointment signals, how it could influence pricing, and what to watch before applying for the OYO IPO.