IPO - MakeMyTrip Ltd

Form Type: 424B5

Filing Date: 2025-06-16

Corporate Action: Ipo

Type: New

Accession Number: 000119312525141522

Filing Summary: MakeMyTrip Ltd is conducting an initial public offering of 14,000,000 ordinary shares, par value $0.0005 per share, listed on the Nasdaq Global Market under the symbol 'MMYT'. The company is also concurrently offering $1.25 billion aggregate principal amount of convertible senior notes, with an additional option of $187.5 million if fully exercised. The offering's completion is contingent upon the concurrent notes offering, with all net proceeds going to the company. This document forms a preliminary prospectus supplement intended for potential investors, detailing risks, business evaluations, and financial data up to fiscal year 2025. The company has a significant market presence in India, serving both leisure and corporate travelers, and also outlines future business strategies and technology investments. Recent financial performances show a recovery with net profits reported in fiscal years 2024 and 2025 after consecutive years of losses. The offering details include underwriter terms, anticipated pricing, and public offering summaries, emphasizing the strategic importance of capital for growth in the competitive travel sector.