MakeMyTrip IPO, July 18 -- Nasdaq-listed online travel platform MakeMyTrip has taken the first formal step towards an India listing after its wholly-owned subsidiary, MakeMyTrip (India) Limited, confidentially filed a pre-filed Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The filing has also been made with the BSE and the National Stock Exchange (NSE) for the proposed initial public offering (IPO) of the Indian unit. However, the company has not disclosed the size of the proposed issue.

The development was announced in a regulatory filing submitted to the US Securities and Exchange Commission (SEC) on July 17. The proposed IPO will mark a significant milestone for the country's largest onlin...