MakeMyTrip IPO soon! Online travel giant files confidential DRHP with SEBI, 15 years after Nasdaq listing

Nasdaq-listed online travel platform MakeMyTrip has confidentially filed a pre-filed Draft Red Herring Prospectus (DRHP) with SEBI for the India IPO of its wholly-owned subsidiary MakeMyTrip (India) Limited, marking its entry into Indian markets 15 years after its 2011 Nasdaq listing. The issue size has not been disclosed, but market reports indicate it will primarily be an Offer for Sale by parent MakeMyTrip and its subsidiary ibibo Group Holdings (Singapore). Kotak Mahindra Capital, Axis Capital, JPMorgan India, and Morgan Stanley India are the book-running lead managers, and MakeMyTrip India will remain a subsidiary of the Nasdaq-listed parent post-listing.