QUOTE AND NEWS
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...
The Hindu Business Line  May 28  Comment 
Holidaymakers will have to shell out more for staying in hotels this summer. MakeMyTrip, the online travel firm, said hotel tariffs have gone up 11 per cent this summer compared to last year. ...
SeekingAlpha  May 21  Comment 
MakeMyTrip Limited (MMYT) Q4 2014 Results Earnings Conference Call May 21, 2014 10:00 AM ET Executives Deep Kalra - Group Chief Executive Officer Rajesh Magow - Chief Executive Officer, India Mohit Kabra - Chief Financial Officer ...
The Hindu Business Line  May 19  Comment 
A majority of women travellers in India prefer to vacation in Goa, distantly followed by Ladakh, according to a survey by travel portal MakeMyTrip. The survey said 72 per cent women respo...
Benzinga  Apr 15  Comment 
Analysts at Stifel Nicolaus initiated coverage on shares of Amber Road (NYSE: AMBR) with a “buy” rating. The target price for Amber Road is set to $19. Amber Road's shares closed at $15.17 yesterday. Goldman Sachs initiated coverage on...
The Economic Times  Mar 15  Comment 
India's largest online travel agency had earlier proposed to sell 4.5 million shares, which also includes stake sales by its existing shareholders.
The Economic Times  Mar 11  Comment 
MakeMyTrip has initiated a share sale for about 4.5 million shares, which includes stake sales by its venture capital investors and the management.
The Hindu Business Line  Mar 11  Comment 
The offer price is yet to be decided




 
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
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki