{"id":27222,"date":"2026-06-06T11:26:55","date_gmt":"2026-06-06T05:56:55","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=27222"},"modified":"2026-06-06T11:47:34","modified_gmt":"2026-06-06T06:17:34","slug":"sebi-clears-5-ipos-pipeline-nears-rs10kcr","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/sebi-clears-5-ipos-pipeline-nears-rs10kcr\/","title":{"rendered":"SEBI clears 5 IPOs in one week, including OYO; pipeline nears \u20b910,000 crore"},"content":{"rendered":"<p class=\"deck\">OYO parent PRISM&#8217;s \u20b96,650 crore issue dominates a bumper week. But the Advanta IPO is really a UPL debt-reduction play; TruHome&#8217;s 77% self-employed borrower base sets it apart; and two conflicting FY25 PAT figures for PRISM remain unresolved until July.<\/p>\n<div class=\"meta\"><\/div>\n<div class=\"stat-grid\">\n<div class=\"stat\">\n<div class=\"stat-label\">\n<table style=\"height: 177px;\" width=\"740\">\n<thead>\n<tr>\n<th>Metric<\/th>\n<th>Value<\/th>\n<th>Notes<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><strong>Total IPO Pipeline nears<\/strong><\/td>\n<td><strong>~\u20b910,000 Crore<\/strong><\/td>\n<td>Across 5 IPOs during the week of June 1\u20135<\/td>\n<\/tr>\n<tr>\n<td><strong>Largest Issue<\/strong><\/td>\n<td><strong>\u20b96,650 Crore<\/strong><\/td>\n<td>PRISM IPO; entirely a fresh issue<\/td>\n<\/tr>\n<tr>\n<td><strong>PRISM Valuation Target<\/strong><\/td>\n<td><strong>$7\u20138 Billion<\/strong><\/td>\n<td>Down from ~$12 billion in 2021 (\u224837% lower)<\/td>\n<\/tr>\n<tr>\n<td><strong>PRISM EBITDA (FY26E)<\/strong><\/td>\n<td><strong>~\u20b92,496 Crore<\/strong><\/td>\n<td>Based on Moody&#8217;s projection (Nov 2025)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<h2>Observation dates\u2014what cleared and when<\/h2>\n<div class=\"timeline\">\n<div class=\"tl-row\">\n<div class=\"tl-date\">\n<table>\n<thead>\n<tr>\n<th>Date<\/th>\n<th>Key Development<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><strong>June 1, 2026<\/strong><\/td>\n<td><strong>SEBI issued observations<\/strong> to <strong>Veegaland Developers<\/strong> (\u20b9250 crore IPO) and <strong>TruHome Finance<\/strong> (\u20b93,000 crore IPO).<\/td>\n<\/tr>\n<tr>\n<td><strong>June 2, 2026<\/strong><\/td>\n<td><strong>SEBI issued observations<\/strong> to <strong>PRISM \/ OYO parent<\/strong> for its proposed <strong>\u20b96,650 crore IPO<\/strong>, marking the <strong>headline event of the week<\/strong>.<\/td>\n<\/tr>\n<tr>\n<td><strong>June 3, 2026<\/strong><\/td>\n<td><strong>SEBI issued observations<\/strong> to <strong>Advanta Enterprises<\/strong> for an <strong>Offer for Sale (OFS) of 3.61 crore shares<\/strong>.<\/td>\n<\/tr>\n<tr>\n<td><strong>June 5, 2026<\/strong><\/td>\n<td><strong>SEBI issued observations<\/strong> to <strong>Mehta Hitech Industries<\/strong> for an IPO involving <strong>62 lakh shares<\/strong>.<\/td>\n<\/tr>\n<tr>\n<td><strong>Early July 2026 (Expected)<\/strong><\/td>\n<td><strong>PRISM is expected to file UDRHP-1<\/strong>, which would provide the company&#8217;s <strong>first publicly available, SEBI-disclosed financial statements and operating metrics<\/strong>.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<div><\/div>\n<div class=\"insight\">Each observation letter gives the company a 12-month window to launch its IPO by filing the Red Herring Prospectus with the Registrar of Companies.<\/div>\n<h2>All 5 IPOs: complete comparison<\/h2>\n<div class=\"tbl-wrap\">\n<table>\n<thead>\n<tr>\n<th>Company<\/th>\n<th>Sector<\/th>\n<th>Size<\/th>\n<th>Structure<\/th>\n<th>DRHP filed<\/th>\n<th>SEBI obs.<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/www.prismlife.com\/\" rel=\"noopener\"><strong>PRISM<\/strong>\u00a0(OYO parent)<\/a><\/td>\n<td>Travel-tech<\/td>\n<td>\u20b96,650 cr<\/td>\n<td><span class=\"badge b-fresh\">Fresh only<\/span><\/td>\n<td>Dec 2025 (confidential)<\/td>\n<td>June 2<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.truhomefinance.in\/\" rel=\"noopener\"><strong>TruHome Finance<\/strong><\/a><\/td>\n<td>Housing finance<\/td>\n<td>\u20b93,000 cr<\/td>\n<td><span class=\"badge b-mix\">\u20b91,500 cr fresh + \u20b91,500 cr OFS<\/span><\/td>\n<td>Mar 9, 2026<\/td>\n<td>June 1<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.advantaseeds.com\/investors\/financial-results-and-reports\/advanta-enterprises-limited\" rel=\"noopener\"><strong>Advanta Enterprises<\/strong><\/a><\/td>\n<td>Agri seeds (UPL)<\/td>\n<td>3.61 cr shares<\/td>\n<td><span class=\"badge b-ofs\">OFS only\u2014zero fresh capital<\/span><\/td>\n<td>Jan 19, 2026<\/td>\n<td>June 3<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.veegaland.com\/\" rel=\"noopener\"><strong>Veegaland Developers<\/strong><\/a><\/td>\n<td>Real estate (Kerala)<\/td>\n<td>\u20b9250 cr<\/td>\n<td><span class=\"badge b-fresh\">Fresh only<\/span><\/td>\n<td>Dec 30, 2025<\/td>\n<td>June 1<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/mehtaindia.com\/\" rel=\"noopener\"><strong>Mehta Hitech Industries<\/strong><\/a><\/td>\n<td>Laser\/CNC (Gujarat)<\/td>\n<td>62 lakh shares<\/td>\n<td><span class=\"badge b-fresh\">Fresh only<\/span><\/td>\n<td>Dec 30, 2025<\/td>\n<td>June 5<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div><\/div>\n<div class=\"insight\">Unlike the 2021\u201322 IPO cycle dominated by loss-making tech startups, this batch spans five distinct sectors: travel tech, housing finance, real estate, agriculture, and industrial manufacturing. Sector diversity of this kind is typically read as a sign of broader, healthier primary market participation.<\/div>\n<hr class=\"divider\" \/>\n<h2>PRISM (OYO parent): third attempt\u2014what is different this time<\/h2>\n<p>This is PRISM&#8217;s third shot at a listing. The company filed for an IPO in 2021 targeting \u20b98,430 crore at a $12 billion valuation, withdrew amid market volatility, refiled a smaller version in 2023, and then pulled those papers too. The rebranding from Oravel Stays to PRISM happened in September 2025, the name change reflected a deliberate pivot away from a pure India-OYO identity toward positioning as a global travel-tech platform.<\/p>\n<h3>Key structural changes versus earlier attempts<\/h3>\n<ul>\n<li>Entire \u20b96,650 crore is a fresh issue\u2014no OFS; all proceeds flow into the business<\/li>\n<li>Valuation target at $7\u20138 billion \u2014 33\u201342% lower than 2021 ask, more defensible on current earnings<\/li>\n<li>Filed via confidential pre-filing route in December 2025, keeping financials private until UDRHP-1<\/li>\n<li>Shareholders approved fundraise at an EGM on December 20, 2025<\/li>\n<li>Former SEBI Chairman Ajay Tyagi appointed Independent Director in May 2026\u2014weeks before SEBI nod arrived<\/li>\n<li>India is now ~30% of revenue; G6 Hospitality (Motel 6, Studio 6 US) makes PRISM primarily a non-India business\u2014a risk profile shift most coverage is not flagging<\/li>\n<li>Religious and spiritual tourism segment added domestically \u2014 high repeat-occupancy, structurally undercovered in mainstream analysis<\/li>\n<li>Bankers: Axis Capital, Citibank, Goldman Sachs, ICICI Securities, SBI Capital Markets, JM Financial, InCred Capital, Intensive Fiscal Services<\/li>\n<\/ul>\n<h2>The number every investor must verify before acting on PRISM<\/h2>\n<div class=\"alert\">\n<p><strong>\u26a0 Two FY25 PAT figures are in circulation\u2014they are not the same thing.<\/strong><\/p>\n<p>\u20b9623 crore \u2192 Unaudited estimate from Ritesh Agarwal&#8217;s internal town hall, May 2025 (per PTI). Includes exceptional items. This is the figure most outlets are publishing without qualification.<\/p>\n<p>\u20b9244.8 crore \u2192 Audited annual report figure for FY25. This is the confirmed number.<\/p>\n<p>The UDRHP-1 filing due in early July 2026 will publish the first restated, SEBI-cleared financials. Until that document is out, the \u20b9623 crore figure should not be treated as audited fact.<\/p>\n<\/div>\n<h2>PRISM financials: verified vs unverified<\/h2>\n<div class=\"tbl-wrap\">\n<table>\n<thead>\n<tr>\n<th>Metric<\/th>\n<th>Figure<\/th>\n<th>Status<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>FY25 revenue<\/td>\n<td>\u20b96,253 crore (~20% YoY)<\/td>\n<td>Audited, confirmed<\/td>\n<\/tr>\n<tr>\n<td>FY25 PAT (audited)<\/td>\n<td>\u20b9244.8 crore<\/td>\n<td>\u2713 Audited annual report<\/td>\n<\/tr>\n<tr>\n<td>FY25 PAT (mgmt. estimate)<\/td>\n<td>\u20b9623 crore<\/td>\n<td>\u26a0 Unaudited \u2014 includes exceptionals<\/td>\n<\/tr>\n<tr>\n<td>Q1 FY26 PAT<\/td>\n<td>\u20b9216 crore<\/td>\n<td>Company disclosure<\/td>\n<\/tr>\n<tr>\n<td>FY26 EBITDA projection<\/td>\n<td>~$280 mn \/ \u20b92,496 crore<\/td>\n<td>Moody&#8217;s estimate, Nov 2025<\/td>\n<\/tr>\n<tr>\n<td>Moody&#8217;s credit rating<\/td>\n<td>B2 corporate family, stable outlook<\/td>\n<td>Reaffirmed Nov 2025<\/td>\n<\/tr>\n<tr>\n<td>Premium India locations<\/td>\n<td>1,300+ (Sunday, Palette, Townhouse Hotels)<\/td>\n<td>Company disclosure<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2>TruHome Finance: The Story Behind the \u20b93,000 Crore IPO<\/h2>\n<p>TruHome Finance is not a name most retail investors know well, but the profile is distinctive. Formerly Shriram Housing Finance, it was acquired by Warburg Pincus for \u20b94,630 crore and rebranded as TruHome in 2025. It focuses almost entirely on borrowers mainstream banks typically decline.<\/p>\n<h3>TruHome: key operating metrics<\/h3>\n<ul>\n<li>77% of AUM from self-employed borrowers \u2014 small traders, service providers, local entrepreneurs with no formal salary documentation<\/li>\n<li>Core markets: Maharashtra, Gujarat, Tamil Nadu\u2014Tier-II and Tier-III city demand<\/li>\n<li>Q3 FY26 PAT: \u20b9333.53 crore on total income of \u20b91,807.35 crore<\/li>\n<li>171+ branches as of early 2025, with planned significant expansion<\/li>\n<li>Raised \u20b9870 crore via maiden syndicated ECB (social loan) from DBS Bank and SMBC \u2014 one of the largest such transactions in domestic affordable housing finance<\/li>\n<li>Board chaired by Dinesh Kumar Khara, former SBI Chairman; CEO: Ravi Subramanian<\/li>\n<\/ul>\n<div class=\"tbl-wrap\">\n<table style=\"height: 125px;\" width=\"724\">\n<thead>\n<tr>\n<th>IPO component<\/th>\n<th>Amount<\/th>\n<th>Selling entity<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Fresh issue<\/td>\n<td>\u20b91,500 crore<\/td>\n<td>Company (capital augmentation + onward lending)<\/td>\n<\/tr>\n<tr>\n<td>Offer for sale (OFS)<\/td>\n<td>\u20b91,500 crore<\/td>\n<td>Mango Crest Investment (Warburg Pincus affiliate)<\/td>\n<\/tr>\n<tr>\n<td>Total<\/td>\n<td>\u20b93,000 crore<\/td>\n<td>\u2014<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<hr class=\"divider\" \/>\n<h2>Advanta Enterprises: More Than an IPO, a Key Step in UPL&#8217;s Deleveraging Plan<\/h2>\n<p>The Advanta IPO looks like a straightforward listing, but the real story is on UPL&#8217;s balance sheet. UPL&#8217;s net debt-to-EBITDA ratio stood at 2.5x for the nine months ending December 2025. The company has publicly targeted a reduction to 1.6\u20131.8x by March 2026. The Advanta OFS is a key instrument in that deleveraging, proceeds from the 3.61 crore share sale flow to UPL and other existing shareholders, not into Advanta&#8217;s business.<\/p>\n<h3>Advanta at a glance<\/h3>\n<ul>\n<li>Global hybrid seeds company with 50+ years of proprietary R&amp;D, present in 84+ countries<\/li>\n<li>FY24 revenue: \u20b94,148 crore\u2014gives scale context the IPO headline doesn&#8217;t<\/li>\n<li>UPL holds 78.21% stake in Advanta Enterprises<\/li>\n<li>IPO is a pure OFS\u2014Advanta itself raises zero capital; all proceeds exit to sellers<\/li>\n<li>Selling shareholders: UPL (28.1 mn shares), Melwood Holdings II (7.99 mn shares), KIA EBT Scheme 2 (2,610 shares)<\/li>\n<li>Crops: tropical yellow corn, sunflower, canola, sorghum, vegetables across Asia, Americas, Europe, Africa<\/li>\n<\/ul>\n<div class=\"insight\"><strong>Investor angle:<\/strong> UPL already repaid ~$400 million in debt in the nine months to December 2025. The Advanta IPO proceeds are designed to close the gap to its net debt\/EBITDA target of 1.6x, without touching operational cash flows. This transaction is about UPL&#8217;s leverage, not Advanta&#8217;s growth.<\/div>\n<hr class=\"divider\" \/>\n<h2>Veegaland Developers and Mehta Hitech: the smaller two<\/h2>\n<p>Veegaland Developers (Kerala) plans to raise \u20b9250 crore through a fully fresh issue. Proceeds go toward developing ongoing residential projects, building upcoming ones, acquiring identified land parcels, funding future unidentified land acquisitions, and general corporate purposes. Filed DRHP on December 30, 2025.<\/p>\n<p>Mehta Hitech Industries (Gujarat) manufactures CO\u2082 laser equipment, fibre laser systems, CNC routers, and digital printers. Its fresh issue of 62 lakh shares will fund a new manufacturing facility at Sanand GIDC in Gujarat, directly targeting the growing industrial automation demand across multiple sectors. No OFS component; all proceeds stay in the business.<\/p>\n<hr class=\"divider\" \/>\n<h2>Sector map: who is listing and why it matters<\/h2>\n<div class=\"tbl-wrap\">\n<table>\n<thead>\n<tr>\n<th>Company<\/th>\n<th>Sector<\/th>\n<th>Capital destination<\/th>\n<th>Who benefits from proceeds<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>PRISM<\/td>\n<td>Travel-tech \/ hospitality<\/td>\n<td>Business growth, global expansion<\/td>\n<td>Company<\/td>\n<\/tr>\n<tr>\n<td>TruHome Finance<\/td>\n<td>Affordable housing finance<\/td>\n<td>Capital base + onward lending (fresh); exit (OFS)<\/td>\n<td>Company + Warburg Pincus<\/td>\n<\/tr>\n<tr>\n<td>Advanta Enterprises<\/td>\n<td>Agri seeds (global)<\/td>\n<td>None \u2014 pure exit \/ deleveraging<\/td>\n<td>UPL + investors only<\/td>\n<\/tr>\n<tr>\n<td>Veegaland Developers<\/td>\n<td>Real estate (Kerala)<\/td>\n<td>Projects + land acquisition<\/td>\n<td>Company<\/td>\n<\/tr>\n<tr>\n<td>Mehta Hitech<\/td>\n<td>Industrial manufacturing<\/td>\n<td>New facility at Sanand GIDC<\/td>\n<td>Company<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div>\n<div class=\"faq-item\">\n<div><\/div>\n<div>Check live: <a href=\"https:\/\/niftytrader.in\/markets\/ipo-news\/\" rel=\"noopener\">Latest IPO News &amp; Updates<\/a><\/div>\n<div><\/div>\n<\/div>\n<\/div>\n<div class=\"trigger-box\"><strong>Next hard trigger:<\/strong>\u00a0PRISM&#8217;s UDRHP-1 filing in the first week of July 2026. That document will be the first public disclosure of audited restated financials, the G6 Hospitality revenue contribution broken out separately, the full risk factor list, and confirmed use of the \u20b96,650 crore proceeds. It also resolves the \u20b9244.8 crore vs \u20b9623 crore PAT discrepancy that most coverage is currently glossing over.<\/div>\n<\/div>\n<div><\/div>\n<div>Read Next: <a href=\"https:\/\/niftytrader.in\/markets\/nasdaq-crash-chip-stocks-lose-1-2t\/\" rel=\"noopener\">Wall Street Shock: Nasdaq Crashes 4.18%, Chip Stocks Lose $1.2 Trillion in Brutal Selloff<\/a><\/div>\n<h2>Frequently asked questions<\/h2>\n<div>\n<div class=\"faq-item\">\n<h3 class=\"faq-q\">Is PRISM (OYO parent) profitable, what are the confirmed FY25 financials?<\/h3>\n<div class=\"faq-a\">The audited FY25 PAT is \u20b9244.8 crore on revenue of \u20b96,253 crore. A second figure of \u20b9623 crore PAT is widely cited but is an unaudited management estimate that includes exceptional items; the two are not comparable. The UDRHP-1 filing due in early July 2026 will publish the first SEBI-cleared, restated financials. Q1 FY26 PAT was \u20b9216 crore per company disclosure.<\/div>\n<div><\/div>\n<\/div>\n<div class=\"faq-item\">\n<hr \/>\n<h3 class=\"faq-q\">When will the OYO \/ PRISM IPO subscription open?<\/h3>\n<div class=\"faq-a\">No subscription date is confirmed. PRISM plans to file its updated DRHP (UDRHP-1) in early July 2026. That document is then open for public comment for 21 days. A mid-to-late 2026 subscription window is the working market expectation, subject to conditions.<\/div>\n<div><\/div>\n<\/div>\n<div class=\"faq-item\">\n<hr \/>\n<h3 class=\"faq-q\">Which of the 5 IPOs actually raises money for the company, and which ones don&#8217;t?<\/h3>\n<div class=\"faq-a\">Four of the five raise some or all capital for the company: PRISM (full \u20b96,650 crore to the company), TruHome (\u20b91,500 crore fresh to the company), Veegaland (full \u20b9250 crore to the company), and Mehta Hitech (full fresh issue to the company). Advanta Enterprises is the exception, it is a pure OFS with zero fresh capital raised, meaning all proceeds go to existing shareholders UPL, Melwood Holdings II, and KIA EBT Scheme 2.<\/div>\n<\/div>\n<\/div>\n<div class=\"trigger-box\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>OYO parent PRISM&#8217;s \u20b96,650 crore issue dominates a bumper week. But the Advanta IPO is really a UPL debt-reduction play; TruHome&#8217;s 77% self-employed borrower base sets it apart; and two conflicting FY25 PAT figures for PRISM remain unresolved until July. Metric Value Notes Total IPO Pipeline nears ~\u20b910,000 Crore Across 5 IPOs during the week [&hellip;]<\/p>\n","protected":false},"author":11,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1367],"tags":[2784,2782,2786,2779,2338,2783,2778,2788,2781,2780,2789,1371,2785,2787],"ppma_author":[1523],"class_list":["post-27222","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ipo-news","tag-advanta-enterprises","tag-capital-markets","tag-indian-ipo-market","tag-ipo-boom","tag-ipo-news-today","tag-ipo-pipeline","tag-market-news-india","tag-oyo-ipo","tag-primary-market","tag-sebi-approval","tag-sebi-prism-ipo","tag-stock-market-news","tag-truhome-finance","tag-upcoming-ipos"]," _eael_post_view_count":0,"authors":[{"term_id":1523,"user_id":11,"is_guest":0,"slug":"nikki","display_name":"Nikki Lodha","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/ae2e265bd56e0e890c866fbaa55d29846ba20cc5372adf666652268816af117e?s=96&d=mm&r=g","first_name":"Nikki","last_name":"Lodha","user_url":"https:\/\/www.niftytrader.in\/markets\/","author_category":"","description":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/27222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=27222"}],"version-history":[{"count":4,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/27222\/revisions"}],"predecessor-version":[{"id":27227,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/27222\/revisions\/27227"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/27223"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=27222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=27222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=27222"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=27222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}