MakeMyTrip Confidentially Files for ~$1 Bn India IPO of MMT India Unit
MakeMyTrip has confidentially filed a pre-filed DRHP with SEBI, BSE, and NSE for a main-board IPO of its MMT India business, reportedly a ~$1 billion offer-for-sale. Axis, JP Morgan, Morgan Stanley, and Kotak are advising on the medium-term listing.
MakeMyTrip confidentially filed a pre-filed DRHP with SEBI, BSE, and NSE for a main-board IPO of MMT India, reportedly a ~$1 billion offer-for-sale advised by Axis, JP Morgan, Morgan Stanley, and Kotak.
Why this matters
Confirms MakeMyTrip's move toward an India listing, aligning with prior signals of a confidential DRHP filing with SEBI and an offer-for-sale IPO of its local subsidiary, now sized at ~$1 billion.
Retail-company signals are accelerating, up +864800% QoQ.