MakeMyTrip’s India Arm Receives SEBI Clearance For Proposed IPO

MakeMyTrip’s Indian subsidiary, MakeMyTrip (India) Ltd, has received SEBI’s final observations for its proposed IPO, marking a major step towards its planned listing on Indian stock exchanges. The company was founded by Deep Kalra, with Rajesh Magow serving as co-founder and Group CEO.

The proposed IPO is expected to be an offer for sale (OFS), through which Nasdaq-listed parent MakeMyTrip and its wholly owned subsidiary, ibibo Group Holdings, will sell shares in the Indian entity. MakeMyTrip India will continue to remain a subsidiary of the parent company after the listing.

The proposed listing is expected to strengthen MakeMyTrip’s presence in the Indian market, improve brand visibility and support talent acquisition as the travel-tech sector continues to evolve.

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