Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
Mann Fleet Partners Ltd. has withdrawn its Initial Public Offer (IPO) documents filed with SEBI on February 3, 2026.
Mann Fleet Partners Ltd. IPO was a Book Build Issue of 0.80 crore equity shares consisting of a fresh issue of upto 0.64 crore equity shares and an offer for sale (OFS) of upto 0.16 crore equity shares.
The equity shares were proposed to be listed on NSE and BSE. Khambatta Securities Ltd. was the book running lead manager and Bigshare Services Pvt.Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 80,10,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 64,10,000 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 16,00,000 shares of ₹10 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 2,56,29,143 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Sep 29, 2025 |
| Offer document withdrawn | Tue, Feb 3, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
The company offer a wide array of mobility solutions for our clients, including, event-based transportation, spot-rentals, long-term rentals, package-based and self-drive car leasing.
The company offer professionally-managed chauffeured car rental services across the ground-transportation segments in India by balancing an efficient mix of economy, premium, and luxury vehicles in the fleet.
Services:
Competitive Strengths:
Mann Fleet Partners Ltd.'s revenue decreased by 26% and profit after tax (PAT) dropped by 58% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 1,710.78 | 1,502.37 | 536.66 |
| Total Income | 997.57 | 1,341.81 | 583.14 |
| Profit After Tax | 186.40 | 446.47 | 87.57 |
| EBITDA | 476.75 | 718.44 | 186.88 |
| NET Worth | 850.04 | 641.98 | 186.52 |
| Total Borrowing | 626.65 | 571.98 | 203.83 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the capital expenditure requirements of the Company towards purchase of fleets. | 63.79 |
| 2 | Pre-payment and/or re-payment, full or in part, of certain outstanding borrowings availed by the Company. | 18.76 |
| 3 | General Corporate Purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 21.93 |
| ROCE | 19.88 |
| Debt/Equity | 0.75 |
| RoNW | 21.93 |
| PAT Margin | 19.57% |
| EBITDA Margin | 50.04% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 96.61% |
Amrit Pal Singh Mann, Parmjeet Mann and Robin Singh Mann are the promoters of the company.
Lead Manager Reports
Mann Fleet Partners IPO is a main-board IPO of 80,10,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Mann Fleet Partners IPO open and close dates are not available as of now.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Mann Fleet Partners IPO using UPI as a payment gateway. Zerodha customers can apply in Mann Fleet Partners IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mann Fleet Partners IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mann Fleet Partners IPO dates are not announced. Please check back again after some time.
Mann Fleet Partners IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Mann Fleet Partners IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Mann Fleet Partners IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Mann Fleet Partners IPO allotment status.
The Mann Fleet Partners IPO listing date is not yet announced. The tentative date of listing is .
