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IPO Details

  • IPO Date
    [.]
  • Listing Date
    [.]
  • Face Value
    ₹10 per share
  • Price Band
  • Sale Type
    Fresh capital cum OFS
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE, NSE
  • Total Issue Size
    79,22,600 shares (agg. up to ₹[.] Cr)
  • Fresh Issue
    60,12,000 shares (agg. up to ₹[.] Cr)
  • Offer for Sale
    19,10,600 shares of ₹10 (agg. up to ₹[.] Cr)
  • Share Holding Pre Issue
    2,56,29,143 shares
  • Share Holding Post Issue
    3,16,41,143 shares

IPO DRHP Status

Description Date
Filed with SEBI/Exchange Mon, Jun 29, 2026
Filed with SEBI/Exchange Mon, Sep 29, 2025
Offer document withdrawn Mon, Mar 2, 2026
SEBI/Exchange approval received Tue, Sep 8, 2026

Issue Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50% of the Offer
Retail Shares Offered Not less than 35% of the Net Offer
NII Shares Offered Not less than 15% of the Net Offer

About Mann Fleet Partners Ltd.

Incorporated in August 1992, Mann Fleet Partners Limited is a corporate mobility and ground transportation company providing economy, premium, and luxury car and coach rental services to corporates, government departments, embassies, travel agencies, event management companies, and retail customers. The company offers a comprehensive range of mobility solutions, including airport transfers, employee transportation, corporate events, conferences, exhibitions, outstation travel, hourly rentals, and long-term vehicle rentals.

The company operates an asset-heavy fleet model, owning and managing a proprietary fleet of over 364 vehicles while supplementing capacity through a network of third-party vendors. Its technology-enabled fleet management platforms, TAS and G-Track, enhance operational efficiency, safety, and customer experience. Mann Fleet provides chauffeur-driven services across 80 cities in India and internationally in countries including the UAE, Saudi Arabia, the United States, Sri Lanka, and the United Kingdom, serving numerous corporate clients, including Fortune 500 companies.

With over three decades of industry experience, the company has built a strong reputation for service quality, punctuality, and customer retention while expanding its presence across India.

As of May 31, 2026, Mann Fleet Partners employed 440 personnel, including chauffeurs, operations, maintenance, sales, reservations, billing, IT support, compliance, administration, and other support staff.

Strengths

  • Strong profitability with established operational scale.
  • Over 30 years of experience in corporate mobility services.
  • Extensive geographical presence across India and international markets.
  • Technology-driven fleet management through TAS and G-Track platforms.
  • High customer retention supported by strong service quality.
  • Strategic presence at Noida International Airport (Jewar).
  • Asset-heavy fleet model with a diversified vehicle portfolio.
  • Robust operational framework with a focus on safety, punctuality, and customer satisfaction.

Company Financials (Restated Standalone)

(Amount in ₹ Crore)

Period Ended 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 171.08 150.24 53.67
Total Income 99.76 134.18 58.31
Profit After Tax 18.64 44.65 8.76
EBITDA 47.68 71.84 18.69
NET Worth 85.00 64.20 18.65
Reserves and Surplus 57.65 62.43 17.39
Total Borrowing 62.70 57.74 21.67

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Key Performance Indicator (KPI)

Key Performance Indicator (KPI)

KPI Dec 31, 2025 Mar 31, 2025
ROE 15.51% 21.93%
ROCE 13.49% 17.03%
Debt/Equity 0.62 0.75
RoNW 15.51% 21.93%
PAT Margin 19.62% 19.57%
EBITDA Margin 53.15% 50.04%
NAV 44.35 34.27

IPO Valuation

Valuation Metric Pre IPO Post IPO
EPS (₹) 7.27 5.89

Shareholding Structure

Category Pre IPO Post IPO
Promoter and Promoter Group 96.61%
Public 3.39%
Total 100%

Company Promoters: Mrit Pal Singh Mann, Parmjeet Mann and Robin Singh Mann.

Offer For Sale – Selling Shareholders

Name Category No. of Shares Offered
Parmjeet Mann Promoter 8,61,000
Robin Singh Mann Promoter 5,30,000
Amrit Pal Singh Mann Promoter 5,09,000
Samir Bakshi Other 3,000
Adish Jain Other 3,000

IPO Registrar

Bigshare Services Pvt.Ltd.

  • 8657578989/8069219065/8069219060
  • ipo@bigshareonline.com
  • Visit Website

IPO Lead Manager(s)

  1. Khambatta Securities Ltd.

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Mann Fleet Partners Ltd. Address
A-34
Okhla Industrial Area
Phase-1
Delhi, New Delhi, 110020

IPO FAQs

Mann Fleet Partners IPO is a main-board IPO of 79,22,600 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.

Angel One customers can apply online in Mann Fleet Partners IPO using UPI as a payment gateway. Angel One customers can apply in Mann Fleet Partners IPO by login into Angel OneConsole (back office) and submitting an IPO application form.

Steps to apply in Mann Fleet Partners IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Mann Fleet Partners IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One 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 Angel One, 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 .

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