MakeMyTrip Limited announced in a regulatory filing to the US SEC on July 17 that its wholly-owned subsidiary, MakeMyTrip (India) Limited has confidentially filed a pre-filed draft red herring prospectus with SEBI, BSE and NSE in relation to the proposed initial public offering and listing of the equity shares of MMT India on the main board of the stock exchanges. The size of the issue was not disclosed by the firm.

On July 15, Moneycontrol was the first to report that the Nasdaq-listed travel tech major would shortly file papers for a billion dollar plus India IPO via the confidential route. The report had added that the mega issue was likely to consist of an offer for sale and that investment banks Axis Capital, JP Morgan , Morgan Stanley and Kotak Mahindra Bank were acting as advisors.