MakeMyTrip files IPO papers with Sebi via confidential route

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

MakeMyTrip has filed IPO papers with Sebi through the confidential route for its Indian subsidiary MakeMyTrip (India) Ltd, seeking a main board listing on BSE and NSE. The proposed IPO will involve an offer for sale of shares by MakeMyTrip and its wholly-owned subsidiary ibibo Group Holdings (Singapore) Pte Ltd, with MMT India continuing to remain a subsidiary of the NASDAQ-listed parent. Proceeds are expected to strengthen MakeMyTrip's cash position and may be used for strategic inorganic initiatives and security repurchases.