Overview
- The proposed offering is expected to value the company between $7 billion and $8 billion, according to people familiar.
- ICICI Securities, Axis Capital, Goldman Sachs and Citibank are book-running lead managers, with additional banks added to the syndicate.
- This marks PRISM’s third attempt to list after earlier filings were withdrawn because of market volatility.
- Sources indicate a significant portion of the fresh-issue proceeds is likely to be used for debt repayment.
- Moody’s reaffirmed a B2 rating with a stable outlook and projects FY26 EBITDA of about $280 million, supported by the G6 Hospitality acquisition and premium expansion.