India, July 17 -- Travel tech giant MakeMyTrip has confidentially filed its draft red herring prospectus (DRHP) with the SEBI for the India IPO of its subsidiary.

MakeMyTrip Ltd, which is listed on the NASDAQ, revealed in a regulatory filing with the SEC that its wholly owned subsidiary MakeMyTrip (India) Limited is aiming to go public.

The India listed entity would continue to be a subsidiary of NASDAQ-listed MakeMyTrip and will be included in the latter's consolidated financial statements.

Following the proposed IPO, MakeMyTrip may explore alternatives that allow its shareholders to trade its securities at "MMT India level that is fungible and listed across India and US capital markets".

The IPO will consist entirely of an offer for...