Nasdaq-listed MakeMyTrip has confidentially filed a with SEBI for an of its Indian subsidiary, MakeMyTrip (India) Limited. This move aims to enhance brand visibility and access India's deep capital market, 15 years after its US debut.
2010
Nasdaq Listing Year
📊 One chart explains it
MakeMyTrip Nasdaq Stock Price (MMYT)
Takeaway: MakeMyTrip's Nasdaq stock price has shown a decline in the first half of 2026, closing at $53.41 in July 2026.
⏳ Time Machine
How today’s news fits into the bigger picture
2000
MakeMyTrip founded by Deep Kalra
MakeMyTrip was established with an initial focus on providing travel services for the Indian diaspora, particularly for travel between the US and India.
September 2010
MakeMyTrip lists on Nasdaq
MakeMyTrip Limited successfully completed its on the Nasdaq Global Market, raising approximately $80.5 million and valuing the company at $478 million.
2016
Acquisition of Ibibo Group
MakeMyTrip acquired the Ibibo Group, a significant strategic move that consolidated its market leadership in India's online travel sector, integrating popular brands like Goibibo and redBus.
November 2022
SEBI introduces confidential pre-filing for IPOs
The Securities and Exchange Board of India (SEBI) introduced a confidential pre-filing route for IPOs, allowing companies to submit draft papers for review without immediate public disclosure of sensitive information.
Early 2026
MMT consolidates Indian operations
MakeMyTrip restructured its Indian businesses, consolidating brands like RedBus India under MakeMyTrip (India) Pvt. Ltd. as part of its preparations for a potential domestic listing.
Today
MakeMyTrip's Indian subsidiary confidentially files DRHP with SEBI for an India IPO.
What happens next?
Following SEBI's review and approval, MakeMyTrip (India) Limited will publicly release its Red Herring Prospectus (RHP) detailing the issue size, price band, and official IPO dates.
Online travel giant MakeMyTrip (MMYT) has taken a significant step towards an India listing, confidentially filing a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), BSE, and NSE for its wholly-owned Indian subsidiary, MakeMyTrip (India) Limited. This development, announced on July 17-18, 2026, marks the company's first formal move towards a domestic listing, 15 years after its Nasdaq debut. Utilizing SEBI's confidential pre-filing route, the company aims to enhance its brand visibility in India, attract and retain local talent, and access the country's robust capital markets. The proposed IPO is expected to be primarily an Offer for Sale (OFS), with market reports suggesting a potential valuation exceeding **$1 billion**.
💭 If you're wondering…
It's a mechanism introduced by SEBI that allows companies to submit their draft IPO documents for regulatory review without immediately making all details public. This helps protect sensitive business information during the early stages of the listing process.
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