MakeMyTrip Nears $1 Bn India IPO Filing With Kotak, Axis, JP Morgan On Board
MakeMyTrip is set to file a confidential draft for a $1 billion India IPO within a week, advised by Kotak, Axis, JP Morgan and Morgan Stanley. The move follows strong FY26 results with bus ticketing up 29% and hotels/packages up 15%, even as CCI price-parity allegations and a ₹223 crore fine loom.
MakeMyTrip is preparing a confidential draft filing for a $1 billion India IPO, likely within a week, advised by Kotak, Axis, JP Morgan and Morgan Stanley. The listing follows strong FY26 results amid ongoing CCI price-parity allegations.
Why this matters
The IPO push follows MakeMyTrip's OneCircle rewards rollout across 13,376 properties in 1,002 cities, targeting Tier-II/III demand and reinforcing the growth story ahead of a $1 billion India listing.
Retail-company signals accelerating at +801100% QoQ.