MakeMyTrip confirms India IPO, confidentially files DRHP
Nasdaq-listed travel services company MakeMyTrip has begun the process of listing its Indian business on domestic stock exchanges by confidentially filing a DRHP with the Securities and Exchange Board of India (SEBI), the BSE and the NSE.
The company disclosed the development in a regulatory filing with the US Securities and Exchange Commission (SEC) on July 17. Though, the company confirmed the proposed initial public offering (IPO), it did not disclose the size of the issue.
A confidential filing allows companies to submit draft offer documents to the market regulator for review without making them public immediately, helping protect sensitive business and financial information during the early stages of the listing process.
