MakeMyTrip has taken an early step toward a public listing for its Indian subsidiary by confidentially pre-filing a draft red herring prospectus with the market regulator. The company disclosed the move on Friday, signaling that the IPO process is now underway.
According to the company, the proposed issue is structured as an offer for sale. MakeMyTrip said the listing effort is intended to strengthen brand visibility while supporting its longer-term growth ambitions in the Indian market.
A confidential pre-filing allows a company to begin the regulatory process before making full public disclosures at a later stage. In MakeMyTrip’s case, the filing relates specifically to its Indian subsidiary rather than the broader group.
The development places MakeMyTrip among companies exploring India’s active IPO market as they look to deepen their local presence and sharpen investor visibility. More details on the size, timing and other terms of the proposed share sale are expected to emerge in subsequent filings.
