Mann Fleet Partners Ltd. IPO Details
Mann Fleet Partners was incorporated on August 07, 1992. The company provides ultra-luxury to economy car rental services to corporates, governments, travel agencies, retail clients, and high-net-worth individuals. Its mobility solutions include event transport, spot rentals, long-term rentals, packages, and self-drive leasing, operating in 83 cities across India, the UAE, Saudi Arabia, and England
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 7.9 M | - | - | ₹0 | DRHP DOC |
Mann Fleet Partners issue details
Mann Fleet Partners has 7.9 M shares on offer
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Mann Fleet Partners IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Mann Fleet Partners NUMBER OF SHARES ON OFFER
Mann Fleet Partners FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 95.3 | 18.6 | 34.4 | -16.5 | 50.0% |
| FY24 | 133.1 | 44.6 | 63.0 | -17.9 | 54.0% |
| FY23 | 56.7 | 8.8 | 14.8 | -1.7 | 33.0% |
Mann Fleet Partners INFORMATION ON IPO ISSUE
About Mann Fleet Partners
Mann Fleet Partners was incorporated on August 07, 1992. The company provides ultra-luxury to economy car rental services to corporates, governments, travel agencies, retail clients, and high-net-worth individuals. Its mobility solutions include event transport, spot rentals, long-term rentals, packages, and self-drive leasing, operating in 83 cities across India, the UAE, Saudi Arabia, and England
Object of the Issue
- Funding the capital expenditure requirements of the company towards purchase of fleets
- Pre-payment or re-payment, full or in part, of certain outstanding borrowings availed by the company
- General corporate purposes
Mann Fleet Partners - PROMOTERS
| Name |
|---|
| Amrit Pal Singh Mann |
| Parmjeet Mann |
| Robin Singh Mann |
Mann Fleet Partners - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Amrit Pal Singh Mann | Managing Director |
| Parmjeet Mann | Executive Director |
| Robin Singh Mann | Executive Director & Chief Financial Officer |
| Ashok Jha | Independent Director |
| Avarjit Singh Birghi | Independent Director |
| Mohd Sami | Independent Director |
Mann Fleet Partners Book Running Lead Manager
Khambatta Securities Limited
ipo@khambattasecurities.com
Mann Fleet Partners Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Mann Fleet Partners Strengths
Profitability & scale
The company is a large, consistently profitable ground passenger transport provider with 269 vehicles serving 80 cities in India. It has over 350 employees across six offices to ensure efficient nationwide operations
Experience & customer service
The company has over 30 years of experience in organised ground transportation in India, building a strong brand through customer trust and service excellence. Its industry expertise and focus on client relationships enable consistent quality and operational excellence across regions and service verticals
Marketing strategy & brand visibility
The company follows a prudent, organic approach to marketing, using vehicle branding, digital campaigns (SEO, PPC, social media), and word-of-mouth referrals to build awareness. It also engages offline through industry events, sponsorships, and memberships in associations like IATO and ITTA to strengthen networks and client relationships
Mann Fleet Partners Risks
Asset-heavy model
The company’s asset-heavy model, based on owning its fleet, requires high capital investment and exposes it to vehicle depreciation, maintenance, fuel costs, and financing constraints, which may impact financial performance
Competition
The company operates in a highly competitive chauffeur-driven mobility market with low entry barriers and minimal customer switching costs, facing pricing pressures, customer attrition, and margin risks from rivals and alternative transport options
Fuel price fluctuation
The company’s operations are highly sensitive to fuel price fluctuations, which can materially impact operational costs and profitability despite structured fuel management systems
IPO FAQs
The promoters of the company are Amrit Pal Singh Mann, Parmjeet Mann and Robin Singh Mann.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.