MakeMyTrip announces its IPO


Bangalore: MakeMyTrip, one of India's largest online travel company has announced that the company is proposing to offer up to 1,600,000 ordinary shares and the selling shareholders are proposing to offer up to 4,400,000 ordinary shares. The underwriters have been granted an over-allotment option for up to 900,000 ordinary shares by the company and the selling shareholders. Morgan Stanley and Deutsche Bank Securities will be the joint managers on the offering. A registration statement has been filed with the Securities and Exchange Commission. MakeMyTrip provides access to all major domestic full-service and low-cost airlines operating in India, all major airlines operating to and from India, over 4,500 hotels in India and a wide selection of hotels outside India, Indian Railways and several major Indian bus operators.