Tentative Timetable
Business Overview
Mann Fleet provides ultra-luxury, luxury, premium and economy car rental services to corporates (“Corporate Car Rental” or “CCR”), governments, embassies, travel agencies, retail clients (“Retail Car Rental” or “RCR”) and high-net-worth individuals. Its mobility solutions include event-based transportation, spot rentals, long-term rentals, package-based offerings and self-drive car leasing (Source: CRISIL Report). As of this Draft Red Herring Prospectus, the Company has provided chauffeur services in 83 cities across India, the United Arab Emirates, Saudi Arabia and England, including 80 cities in India, through a mix of owned fleets and vendor-operated vehicles.
Lot Info
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 0 | ₹0 |
| Retail (Max) | - | - | - |
| S-HNI (Min) | 0 | 0 | ₹0 |
| S-HNI (Max) | 0 | 0 | ₹0 |
| B-HNI (Min) | 0 | 0 | ₹0 |
Category Reservation
Issue Size
Objects of Issue
- Funding the capital expenditure requirements of the Company towards purchase of fleets.
- Pre-payment and/or re-payment, full or in part, of certain outstanding borrowings availed by the Company.
- General Corporate Purposes
Grey Market Premium
| Date | GMP (₹) | Est. Price |
|---|
Mann Fleet IPO Peer Comparison
Financial Performance
(Rs. in crores)
| Particulars | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Revenue from Operations | 952.71 | 1,331.02 | 567.17 |
| Profit after Tax | 186.40 | 446.51 | 88.01 |
| Net Worth | 850.04 | 641.98 | 186.52 |
| Total Borrowing | 626.65 | 571.98 | 203.83 |
| Total Assets | 1,710.78 | 1,502.37 | 536.66 |
| NAV per share (in ₹) | 34.27 | 29.92 | 10.53 |
| EPS - Basic (in ₹) | 7.52 | 20.81 | 4.97 |
KPIs
EBITDA
50.04%
PAT
19.57%
ROE
21.93%
ROCE
19.89
Debt to Equity
0.75
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Shareholding
Promoter
96.62%
Public
3.38%
Management
Frequently Asked Questions
What is Mann Fleet IPO?
When will Mann Fleet IPO open?
What is the GMP of Mann Fleet IPO?
What is the lot size of Mann Fleet IPO?
When is the allotment of Mann Fleet IPO?
What is the listing date of Mann Fleet IPO?
What is the subscription of Mann Fleet IPO?
What is the price band of Mann Fleet IPO?
How to check allotment status of Mann Fleet IPO?
How to apply Mann Fleet IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Mann Fleet IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Mann Fleet IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Mann Fleet IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date