MakeMyTrip is preparing for a major listing on Indian stock exchanges, marking a new chapter after 16 years on Nasdaq.

MakeMyTrip, a well-known online travel company from India, is planning to raise up to $1 billion through an initial public offering (IPO) in India. This is a big step for the company, as it has been listed on the Nasdaq stock exchange in the US for the past 16 years.

MakeMyTrip started in 2000, founded by Deep Kalra. At first, it helped people book flights and hotels online. Over the years, it grew to offer more services, such as holiday packages and tickets for buses and trains. Today, it is the largest online travel platform in India.

This IPO is different from the usual ones. Instead of selling new shares to raise money for the company, MakeMyTrip and its Singapore-based subsidiary, ibibo Group Holdings, are selling some of their own shares. This means the money will go to the current owners, not directly to the company. Several big banks are helping with the process.

The company says the money from the sale will help make it stronger, support its growth, and maybe allow it to buy other companies. Listing in India could also make the MakeMyTrip brand more popular and help it hire better talent in the country.

A Notable Drop in Valuation

The timing is interesting. MakeMyTrip’s value on Nasdaq dropped from $12.6 billion in May 2025 to $3.88 billion in April 2026, after a US research firm questioned its hotel pricing. Even so, the company made $1 billion in revenue for the year ending March 2026, proving it is still a big player.

What This Means for Indian Investors

For Indian investors, this new listing is important. It will give them a chance to invest directly in the country’s top travel company. Full details about the IPO, such as the final size and price, will be announced once they get approval from Indian market regulators and decide to move forward.

This article is based on publicly available regulatory filings and news reports.