MakeMyTrip India files confidential DRHP for up to $1 billion dual US-India listing
MakeMyTrip's India unit has confidentially filed a DRHP with SEBI for a BSE and NSE listing, potentially raising up to $1 billion. The move targets a dual US-India listing to lift brand visibility and liquidity, with the group carrying a $3.88 billion market cap versus $12.6 billion in May 2025.
MakeMyTrip's India unit confidentially filed a DRHP with SEBI for an India IPO on BSE and NSE, potentially raising up to $1 billion, aiming for a dual US-India listing to boost brand visibility and liquidity.
Why this matters
The confidential DRHP formalizes MakeMyTrip's earlier near-$1 Bn India IPO filing plans with Kotak, Axis and JP Morgan on board, as the group builds domestic presence via OneCircle rewards across 13,376 properties.
Retail-company signals accelerating at +860800% QoQ.