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  1. MakeMyTrip India IPO: Travel booking platform files DRHP with SEBI via confidential route

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MakeMyTrip India IPO: Travel booking platform files DRHP with SEBI via confidential route

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.

2 min read | Updated on July 20, 2026, 09:54 IST

SUMMARY

The proposed IPO and listing are expected to enhance MakeMyTrip India's brand visibility and support its ability to incentivise and promote talent in a competitive technology recruitment landscape, the company said.

MakeMyTrip is a leading travel service provider in India, offering travel products and services including air tickets, hotels, holiday packages, car hire, rail tickets, tours and attractions and ancillary services. | Image: X/@MakeMyTrip

MakeMyTrip is a leading travel service provider in India, offering travel products and services including air tickets, hotels, holiday packages, car hire, rail tickets, tours and attractions and ancillary services. | Image: X/@MakeMyTrip

Online travel company MakeMyTrip (India) Ltd, a wholly-owned subsidiary of NASDAQ-listed MakeMyTrip, has filed a draft red herring prospectus (DRHP) via a confidential route with capital markets regulator Securities and Exchange Board of India for its proposed initial public offering.

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In a regulatory filing to NASDAQ, the travel booking platform said that the proposed initial share sale will involve a sale of equity shares in the Indian unit by MakeMyTrip and its wholly owned subsidiary ibibo Group Holdings (Singapore) Pte Ltd.

The proposed IPO and listing are expected to enhance MakeMyTrip India's brand visibility and support its ability to incentivise and promote talent in a competitive technology recruitment landscape.

"Upon completion of the proposed initial public offering, MMT India will continue to be a subsidiary of MakeMyTrip and will be included in MakeMyTrip’s consolidated financial statements," it said.

"The net proceeds received by MakeMyTrip and ibibo Holdings from the sale of shares in MMT India will further strengthen the cash position of MakeMyTrip and are expected to be utilised for long-term growth, strategic inorganic initiatives and repurchases of different classes of securities (including convertible securities) by MakeMyTrip," the filing said.

Subject to regulatory approvals, MakeMyTrip and its Indian subsidiary may evaluate alternatives in the medium term to allow our respective shareholders to enjoy the benefits of a security at the MakeMyIndia India level that is fungible and listed across Indian and US capital markets, the firm said.

MakeMyTrip is a leading travel service provider in India, offering travel products and services including air tickets, hotels, holiday packages, car hire, rail tickets, tours and attractions and ancillary services. Its customers can discover, plan, compare, book and manage a variety of travel products and services through its digital-first, omni-channel distribution platform.

Additionally, it provides foreign exchange, cross-border remittances, prepaid forex cards, visa-processing and travel assurance services.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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