India, Dec. 31 -- Hospitality unicorn OYO's parent PRISM has pre-filed draft papers for an initial public offering (IPO), days after receiving shareholders' nod for its third attempt at a public listing.

The company is looking to raise INR 6,650 Cr via fresh issue as part of the IPO, which is also expected to comprise an offer-for-sale component.

Sources told Inc42 that the company is eyeing a valuation of $7 Bn to $8 Bn for the public issue. It has chosen bankers like ICICI Securities, Axis Capital, Goldman Sachs and Citibank as the book running lead managers for the IPO.

PRISM's shareholders approved the INR 6,650 Cr IPO via an extraordinary general meeting (EGM) earlier this month. Alongside this, the shareholders also approved a bo...