MakeMyTrip (India) Ltd (MMT India) had filed draft papers with Sebi in July through the confidential route. After examining the draft documents, the regulator issued its final observations on November 6.Sebi's observations mark an important step in the IPO process, allowing the company to proceed with preparations for its public issues, subject to applicable regulatory requirements.The proposed IPO is expected to comprise a sale of equity shares in MMT India by its parent MakeMyTrip and its wholly-owned su ...