QUOTE AND NEWS
The Hindu Business Line  Sep 11  Comment 
Online travel firm MakeMyTrip is instituting a $15-million (over Rs 90 crore) innovation fund to support early-stage companies in the travel space. “The fund will focus on start-ups in tr...
Forbes  Sep 9  Comment 
Looking back to 180 days ago, MakeMyTrip Ltd. (NASD: MMYT) priced a 5,500,000 share secondary stock offering at $23 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up...
SeekingAlpha  Sep 3  Comment 
By Economics Fanatic: I had written an article on MakeMyTrip (NASDAQ:MMYT) on June 7, 2013. Since that time, the stock has moved higher by 126% to current levels of $28.98. MakeMyTrip made a high of $35.1 on June 30, 2014 and the stock has...
Forbes  Aug 8  Comment 
Looking back to 148 days ago, MakeMyTrip Ltd. (NASD: MMYT) priced a 5,500,000 share secondary stock offering at $23 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up...
SeekingAlpha  Aug 6  Comment 
By Zacks Investment Research: MakeMyTrip Limited (NASDAQ:MMYT) is an India-based online travel company. Its services and products include air tickets, customized holiday packages, hotel bookings, railway tickets, bus tickets, car hire mainly for...
SeekingAlpha  Jul 31  Comment 
MakeMyTrip Limited (NASDAQ:MMYT) Q1 2015 Earnings Call July 30, 2014 10:00 am ET Executives Deep Kalra - Group Chairman, Group Chief Executive Officer and Founder Rajesh Magow - Co-Founder, Chief Executive Officer - India and...
The Hindu Business Line  Jul 30  Comment 
Online travel company MakeMyTrip.com on Wednesday announced real-time online booking for Andhra Pradesh State Road Transport Corporation bus services. The company has partnered with the...
Benzinga  Jun 17  Comment 
Windstream Holdings (NASDAQ: WIN) shares reached a new 52-week high of $10.03. Windstream's trailing-twelve-month ROE is 22.79%. MakeMyTrip (NASDAQ: MMYT) gained 2.91% to reach a new 52-week high of $32.53. MakeMyTrip shares have jumped 126.92%...
Motley Fool  Jun 12  Comment 
Even though the stock market finally fell from record heights, these three stocks managed to do much better. Find out more about what made them soar.
TheStreet.com  Jun 11  Comment 
NEW YORK (TheStreet) -- Shares of MakeMyTrip Ltd. , a top India online travel agency, are up 11.82% to $29.90 after announcing that it's partnering with online reputation management company TrustYou.TrustYou will verify reviews for users of...




 
TOP CONTRIBUTORS

MakeMyTrip Limited (NASDAQ:MMYT) is an Indian online travel company. The company operates of the website MakeMyTrip.com and allows customers to book airline, bus, rail, and other travel tickets. In addition, the company allows users to book hotel rooms and other aspects of travel plans.[1] They make money by charging companies lead generation fees, charging customers transaction fees, and by receiving incentive payments from airlines from favorable product placement.[2]

While the concept of the website is not revolutionary, Deep Kalra, the founder has focused on solving Indian specific problems. The company did copy many aspects of existing sites, but managed to provide a tailored service to the needs of Indian travelers.[3] MakeMyTrip expects the growing Indian middle class will continue to expand its market. According to McKinsey, a management consulting firm, the Indian middle class is anticipated to grow ten times, from 50M to 583M between 2005 and 2025.[1]

The company's initial public offering of stock filed on the NASDAQ and went public on 12 August 2010. It priced at $14, which is at the top end of its initial price range of $12-$14. They did raise $70M by selling 5M shares. The lead underwriter of the deal was Morgan Stanley (MS)[4] The company recorded a first day rise in price of 89%. This is the largest recorded rise since Athenahealth, Inc. (ATHN) went public in September 2007 with a 97% jump.[5]

While MakeMyTrip has continued to experience a [[net loss], they have been able to substantially increase revenues over the past three years. The company announced FY 2010 revenue of $32M a 68% increase from the $19M announced in 2009. Net loss also fell from -$7.3M in 2009 to -$6.2M in 2010.[6] The company has accumulated a total debt of approximately $42.5M and expects to use part of the proceeds from their IPO to pay down this debt.[7]


References

  1. 1.0 1.1 MMYT F-1 2010 "Prospectus Summary" pg.1
  2. MMYT F-1 2010 "Our Business" pg.2
  3. TechCrunch "What Indian Entrepreneurs should learn from MakeMyTrip's rocket IPO
  4. Renaissance Capital "MakeMyTrip Limited prices IPO at $14.00, at high end of the range" 12 August 2010
  5. Renaissance Capital - IPO "Positive week for IPO market sees impressive first day gains uptick in filing activity" 12 August 2010
  6. MMYT F-1 2010 "SUMMARY CONSOLIDATED FINANCIAL AND OTHER DATA" pg.7
  7. MMYT F-1 2010 "CAPITALIZATION" pg.31
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