MakeMyTrip Limited, the Nasdaq-listed online travel platform, has initiated the process for its India initial public offering by confidentially filing a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The filing was also made with the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), marking the company's first formal step toward an India listing after 15 years on Nasdaq, according to livemint.com.
The IPO will involve an equity share sale by MakeMyTrip Limited and its wholly-owned subsidiary, ibibo Group, though the exact issue size and other details remain undisclosed. The confidential filing signals MakeMyTrip's intent to raise capital from Indian investors and expand its footprint in the domestic market. The company has not yet announced a timeline for the public launch or pricing of the offering, livemint.com reported.
MakeMyTrip's move to list in India comes amid growing interest in the online travel sector, which has seen increased competition and evolving consumer preferences. The company, a pioneer in India's online travel space, will join other tech firms seeking to tap India's capital markets. Its IPO follows a trend of Nasdaq-listed Indian companies pursuing domestic listings to diversify investor bases and comply with evolving regulatory frameworks.
MakeMyTrip's confidential DRHP filing with SEBI was made on July 18, 2026, marking a significant milestone in its corporate history. The company will disclose further details once the DRHP is made public and the IPO process advances.