Two Dot Com IPOs Shaping Up India's Investment Future

Graphs show that there have been only handful Indian dot com companies who have successfully made their mark on U.S. and Indian listings. None of the Indian companies could pave their way to Nasdaq or the NYSE since 2006, in 2010 Make My Trip made its debut on Nasdaq. Though it was late and took some time, but the listing brought in new hopes for Indian dot com start-ups.

MakeMyTrip, the parent firm of India's largest online travel company MakeMyTrip India, fixed the price of its initial public offer at $14 per share. The company began trading on the NASDAQ Global Market from under the symbol 'MMYT' which raised $70 million by selling 5 million shares to U.S. investors.

Of the total offering of 50 lakh shares, 38.4 lakh shares were being offered by the company, whereas 11.53 crore equity shares were being offered by certain selling shareholders. The company and certain of the selling share holders had granted to the underwriters an option to purchase up to an additional 750,000 ordinary shares to cover over-allotments. The company utilized the proceeds from the sale of shares to expand its operations in strategic businesses as well as for working capital and other corporate purposes.

Did the Big Brands In Business Exploit Social Media During IPL?
4 Founders Who Joined Back to Rescue Their Companies