The Indian company of online travel booking platform MakeMyTrip is now preparing to enter the stock market. The company’s subsidiary MakeMyTrip (India) Ltd (MMT India) has received approval from SEBI to launch an IPO. With the green signal received from the market regulator, the way for the company’s IPO launch has been cleared. However, its listing in the stock market will be possible only after the remaining necessary procedures and rules related to IPO are completed.
IPO draft papers were submitted in July
MMT India had submitted draft papers for IPO with SEBI in July 2026. The company had filed these documents through the confidential route. That means these documents were not made public initially. After examining them, SEBI issued its final observation on 6 November. This is an important step towards IPO and now the company can make further preparations.
Who will sell his shares in IPO?
According to the regulatory filing given by the company, in this IPO, MakeMyTrip and its wholly owned subsidiary ibibo Group Holdings (Singapore) Pte Ltd will sell their shares of MMT India. That means this issue will come under Offer for Sale (OFS). In this the existing shareholders will sell their shares.
MMT India will remain a subsidiary of MakeMyTrip even after IPO
Even after IPO and stock market listing, MMT India will remain a subsidiary of MakeMyTrip. The company has clarified that the financial results of MMT India will continue to be included in the results of parent company MakeMyTrip as before.
What will MakeMyTrip benefit from IPO?
According to MakeMyTrip, the listing of MMT India in the stock market will further strengthen its brand identity. Besides, it will also help in adding good employees to the rapidly growing technology sector and retaining them in the company. At the same time, the money received from selling shares to MakeMyTrip and ibibo Group Holdings will strengthen the cash position of the parent company. The company will use this amount for long-term growth, strategic investments in other companies and buyback of different types of securities. This also includes convertible securities.
Source: ndtv.in
