The Sebi nod comes after multiple earlier attempts by the company to tap capital markets, including a high-profile filing in 2021 that was later withdrawn amid changing market conditions and internal restructuring. This time, the listing effort is being pursued under the rebranded parent entity Prism, reflecting a broader attempt to reposition the business after years of volatility in valuations and strategy shifts.
According to reports, the IPO is expected to consist primarily of a fresh issue of equity shares, with the company targeting a valuation in the range of $7–8 billion. The funds raised are expected to strengthen the balance sheet, support expansion in key domestic and international markets, and help the company continue its push toward profitability in the competitive travel and hospitality sector.
The approval is also being seen as a signal of renewed investor interest in technology-led hospitality platforms, especially as Prism has reported improving financial performance in recent quarters, including a return to profitability and stronger operational metrics.
Market observers say the listing will be closely tracked as a test of investor appetite for new-age consumer internet companies in India after a subdued IPO environment in recent years.
The company is now expected to finalise timing, pricing details, and updated draft documents before proceeding to market launch, depending on broader market conditions and regulatory finalisation steps.If successful, the IPO would mark one of the most significant public market debuts in India’s startup ecosystem in 2026.
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