Nasdaq-listed online travel services provider MakeMyTrip and some of its shareholders are looking to issue up to 6.9 million equity shares of the company in a public offer that could raise over $180 million (nearly Rs 820 crore).
In a prospectus filed with the United States Securities and Exchange Commission, the company said it will offer a total of up to 69 lakh shares for a maximum aggregate price of $26.22 per share, aggregating up to $180,918,000.
The Gurgaon-based firm said it proposed to offer and sell up to 1.6 million ordinary shares. In addition, certain shareholders are also proposing to offer and sell up to 4.4 million ordinary shares.
"The company and the selling shareholders have also granted its underwriters an over-allotment option for up to 0.9 million ordinary shares," the filing added.
Morgan Stanley and Deutsche Bank Securities are acting as joint book running managers of the offering and Pacific Crest Securities LLC and Oppenheimer & Co Inc will act as co-managers.
