MakeMyTrip files confidential DRHP with SEBI for India IPO, 15 years after Nasdaq debut
MakeMyTrip's Indian unit has confidentially pre-filed a DRHP with SEBI, structured largely as an Offer for Sale. The move targets stronger home-market brand visibility while retaining its Nasdaq-listed parent. Bankers include Kotak, Axis, JPMorgan India and Morgan Stanley India.
MakeMyTrip's Indian unit confidentially filed a pre-filed DRHP with SEBI for an India IPO, largely an Offer for Sale, aiming to boost home-market brand visibility while remaining a Nasdaq-listed subsidiary.
Why this matters
The confidential SEBI filing aligns with prior signals citing a ~$1 Bn India IPO targeting a Q1 FY27 listing, structured as an offer-for-sale of the Indian subsidiary while keeping the Nasdaq parent intact.
Retail-company signals are accelerating, up +880500% QoQ.