MakeMyTrip pre-files draft prospectus for IPO

The company expects the proposed listing to enhance its brand visibility and support its ability to incentivise and promote talent in a competitive technology recruitment landscape | Photo Credit: Reuters

MakeMyTrip (MMT) has confidentially pre-filed a draft red herring prospectus with the stock market regulator for an initial public offering of its Indian subsidiary, the company said on Friday.

Nasdaq listed MMT, which is India’s largest online travel firm, plans to list shares at stock exchanges through an offer for sale route. 

The company expects the proposed listing to enhance its brand visibility and support its ability to incentivise and promote talent in a competitive technology recruitment landscape, it said.

“The net proceeds received by MMT and ibibo Holdings from the sale of shares in MMT India will further strengthen the cash position of MMT and are expected to be utilised for long term growth, strategic inorganic initiatives and repurchases of different classes of securities by MMT,” it said.

Published on July 17, 2026