Mann Fleet Partners Files Draft IPO Papers With SEBI: Check Key Issue Details
Mann Fleet Partners Limited, a New Delhi-based car rental service provider, filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on June 29, 2026, for its proposed 100% book-built initial public offering (IPO).
As per the DRHP, the proposed IPO comprises a fresh issue of up to 60.12 lakh equity shares and an Offer for Sale (OFS) of up to 19.1 lakh equity shares by its existing shareholders, with each equity share having a face value of ₹10.
Specific details of the price band, lot size, Anchor Investor bidding date, and public subscription opening and closing dates are yet to be announced.
Mann Fleet Partners IPO - Issue Details
- Issue Type: Book Building IPO (Fresh Issue + OFS)
- Total Issue Size: Up to 79.22 lakh equity shares
- Fresh Issue: Up to 60.12 lakh equity shares
- Offer for Sale (OFS): Up to 19.1 lakh equity shares
- Face Value: ₹10 per equity share
- Price Band: To be announced
- Lot Size: To be announced
- Listing: BSE, NSE
- Book Building Lead Managers: Khambatta Securities Limited
- Registrar: Bigshare Services Private Limited
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Utilisation of IPO Proceeds
The Company proposes to utilise the net proceeds from the Fresh Issue towards the following purposes:
- Repayment of certain outstanding borrowings made by the company
- General Corporate Purposes.
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About Mann Fleet Partners Limited
Mann Fleet Partners offers car and coach rental services across the luxury, premium, and economy segments, catering to a diverse customer base that includes corporates, travel agencies, government bodies, embassies, event management companies, and individual customers.
The company provides a range of mobility solutions, such as on-demand rentals, long-term leasing, and transportation services for events.
As of the date of the DRHP, it has delivered chauffeur-driven services in 86 cities across six countries, including India, Saudi Arabia, the United Arab Emirates, the United States, England, and Sri Lanka.
For FY25, Mann Fleet Partners reported revenue from operations of ₹9.97 crore, compared with ₹13.41 crore in FY24. The company's profit after tax (PAT) declined to ₹1.86 crore in FY25 from ₹4.47 crore in the previous fiscal year. Meanwhile, EBITDA stood at ₹5.22 crore in FY25, compared with ₹7.29 crore in FY24.
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