Jul. 17 at 3:32 PM
🚨 MakeMyTrip India confidentially files IPO papers with SEBI, BSE and NSE for a mainboard listing
Nasdaq-listed MakeMyTrip disclosed the filing through a Form 6-K submitted to the US SEC on July 17.
$MMYT
Its wholly owned subsidiary, MakeMyTrip (India) Limited, has filed a pre-filed DRHP through SEBI’s confidential route.
🔹 Proposed listing entity: MakeMyTrip India
🔹 Selling shareholders: MakeMyTrip Limited and ibibo Group Holdings (Singapore)
🔹 Current structure: Sale of existing shares; no fresh issue mentioned in the disclosure
After the IPO, MMT India will remain a subsidiary of MakeMyTrip and continue to be included in its consolidated financial statements.
The proceeds received by MakeMyTrip and ibibo Holdings are expected to be used for:
🔹 Long-term growth
🔹 Strategic acquisitions and other inorganic opportunities
🔹 Repurchase of different classes of MakeMyTrip securities, including convertible securities
Subject to regulatory approvals, the companies may also evaluate options in the medium term to make MMT India-level securities fungible and listed across the Indian and US markets.
