📌 New Issue: MakeMyTrip Ltd (MMYT)

[Jatslo]

New Issue: MakeMyTrip Ltd (MMYT)

• Name of Issuer: MakeMyTrip Ltd
• Last Filed Shares: 14,000,000
• Last Filed Price: $98.72
• Trading Symbol: MMYT (NASDAQ)
• Platform: ETRADE
• Prospectus: View PDF

MakeMyTrip Ltd has filed to offer 14 million shares at a price of $98.72 per share. The capital raise is part of a $3 billion strategic plan aimed at reducing Trip.com’s ownership stake to below 20%, strengthening MMYT’s independence while expanding institutional access.

Notable Highlights

• Estimated Total Equity Raise: ~$1.38 Billion
• FY2025 Gross Bookings: $9.8 Billion (+25.9% YoY)
• FY2025 Revenue: $978 Million (+27%)
• FY2025 Adjusted Operating Profit: $167 Million
• Largest internet capital raise by an Indian firm to date

Analyst Sentiment

• Citigroup: Buy, Target = $125
• StockNews.com: Upgraded from “Sell” to “Hold”

Institutional Movement

• New Vernon Capital: +9,700% position increase
• Mirae Asset, State Street, Deutsche Bank: Accumulating

Trade (T)

• Buy Limit Price (LP): 89.66 (APP) or Better (INITIATING DCAP)
• Sell Limit Price (LP): 94.15 (APP + 5% or Better) (INITIATING DCAP)

Investment (I)

• Sell Limit Price (LP): 129.18 (B) (INITIATING rDCAP) <-- Adjusted (Adj)
• Buy Limit Price (LP): 70.06 (B - 5% or Better) (INITIATING rDCAP) <-- Adjusted (Adj)

Monitor MMYT closely. The spread between Trade and Investment tracks potential volatility and positioning logic. Visit E*TRADE for offering access and real-time data.