India, Nov. 10 -- Nasdaq-listed online travel aggregator (OTA) MakeMyTrip's India arm has received SEBI's approval to launch its initial public offering (IPO) in the country.

MakeMyTrip (India) Ltd had confidentially filed its draft IPO papers with SEBI in July 2026. The market regulator issued its final observations on November 6, allowing the company to proceed with preparations for the public issue.

It was reported earlier that MakeMyTrip could raise over $1 Bn from the OFS-only IPO.

The IPO is expected to consist solely of an offer for sale (OFS) of equity shares by MakeMyTrip Ltd and ibibo Group Holdings. For context, MakeMyTrip acquired ibibo Group in October 2016 in an all-stock deal valued at roughly $720 Mn.

According to the ...