Debasis Mohapatra
Bengaluru, 9 November 2026
Travel-tech platform, MakeMyTrip’s India unit has received the market regulator- SEBI’s approval for launching its initial public offer (IPO), the data showed.
In July this year, MakeMyTrip (India) Ltd (MMT India) had filed draft papers with Sebi through the confidential route.
Notably, MakeMyTrip is listed on Nasdaq and its share price is currently hovering around $50 per share.
According to an exchange filing, the proposed IPO is likely to comprise a sale of equity shares in MMT India by its parent MakeMyTrip and its wholly-owned subsidiary, ibibo Group Holdings (Singapore) Pte Ltd.
“MakeMyTrip expects the proposed initial public offering and listing of MMT India to enhance its brand visibility and support MMT India’s ability to incentivise and promote talent in a competitive technology recruitment landscape,” the exchange filing said.
The net proceeds is likely to strengthen the parent entity’s cash position.
Last week, the company acquired a majority stake in ‘Quick Ride’, a technology-led shared mobility platform.
