214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9804.70 Crs.  Total funds raised in 2,025.00

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

Mann Fleet Partners Limited IPO Analysis

Mann Fleet Partners IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ [●] Cr. The company is based in New Delhi and caters to Travel And Tourism sector. Khambatta Securities is the merchant banker of Mann Fleet Partners IPO. It is a MainBoard Upcoming IPO which filed its Draft Red Herring Prospectus (DRHP) on 29th September 2025.

Mann Fleet Partners IPO posted revenues of ₹ 952.71 Cr. and PAT of ₹ 186.40 Cr. in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 952.71 Cr.
            EBITDA: ₹ 476.75 Cr.
            PAT: ₹ 186.40 Cr.
  • EBITDA Margin: 50.04 %
            Pat Margin: 19.57 %
  • Net Worth: ₹ 850.04 Cr.
  • Market Capitalisation: [●]
  • P/E: [●]
  • P/BV: [●]
  • EV/EBITDA: 1.31 times
Nature of IPO : MainBoard Upcoming
Exchange : BSE,NSE
IPO Type : Book Building

Mann Fleet IPO Financial Performance (Restated)

Financial results of Mann Fleet Partners IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials FY25 FY24 FY23
Balance Sheet
Assets 1710.78 1502.37 536.66
Net Worth 850.04 641.98 186.52
Total Debt 636.00 577.43 216.66
Profit & Loss
Revenue
Revenue on annualised basis
952.71 1331.02 567.17
EBITDA
EBITDA on annualised basis
476.75 718.44 186.88
PAT
PAT on annualised basis
186.40 446.47 87.57
Financials
FY25
FY24
FY23
Balance Sheet
Assets
1,710.78
1,502.37
536.66

Net Worth
850.04
641.98
186.52

Total Debt
636.00
577.43
216.66

Profit & Loss
Revenue
Revenue on annualised basis
952.71
952.71
1,331.02
567.17

EBITDA
EBITDA on annualised basis
476.75
476.75
718.44
186.88

PAT
PAT on annualised basis
186.40
186.40
446.47
87.57

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Mann Fleet IPO Key performance Indicators (KPI)

Mann Fleet Partners IPO PAT Margin is 19.57 % , ROCE (Return on Capital Employed) is 19.88 % as per latest financial. The below table shows Mann Fleet Partners IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars FY25 FY24 FY23
EBITDA Margin (%) 50.04 53.98 32.95
PAT Margin (%) 19.57 33.54 15.44
EPS (₹) 7.52 20.81 4.97
ROE (%) 21.93 69.55 46.95
ROCE (%) 19.88 48.96 36.24
ROA (%) 10.90 29.72 16.32
Debt to Equity 0.75 0.90 1.16
Particulars
FY25
FY24
FY23

EBITDA Margin (%)
50.04
53.98
32.95

PAT Margin (%)
19.57
33.54
15.44

EPS (₹)
7.52
20.81
4.97

ROE (%)
21.93
69.55
46.95

ROCE (%)
19.88
48.96
36.24

ROA (%)
10.90
29.72
16.32

Debt to Equity (x)  
0.75
0.90
1.16

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Mann Fleet Partners IPO Valuation Metrics

The market Capitalisation of Mann Fleet Partners IPO is ₹ [●] crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
[●]

Enterprise Value (EV) (₹ Cr.):
[●]

EV/EBITDA (times) :
[●]

PE Multiple (times) :
[●]

P/B (times) :
[●]

NAV (₹) :
34.27

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Mann Fleet prospectus?

The Mann Fleet Partners IPO prospectus highlights an Return on Equity (ROE) of 21.93 % , Return on Assets (ROA) of 10.90 %, and an EBITDA Margin of 50.04 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Mann Fleet IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Mann Fleet Partners IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Mann Fleet IPO ?

The post-IPO market capitalisation of Mann Fleet Partners IPO is ₹ [●] Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Mann Fleet IPO?

The Mann Fleet Partners IPO has a Price-to-Earnings (PE) ratio of [●], indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Mann Fleet Partners IPO?

Mann Fleet Partners IPO reported revenue of ₹ 952.71 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Mann Fleet Partners IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Mann Fleet Partners IPO?

Mann Fleet Partners recorded an EBITDA of ₹ 476.75 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Mann Fleet Partners IPO?

Mann Fleet Partners Profit After Tax (PAT) is ₹ 186.40 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 952.71 Cr.
            EBITDA: ₹ 476.75 Cr.
            PAT: ₹ 186.40 Cr.
  • EBITDA Margin: 50.04 %
            Pat Margin: 19.57 %
  • Net Worth: ₹ 850.04 Cr.
  • Market Capitalisation: [●]
  • P/E: [●]
  • P/BV: [●]
  • EV/EBITDA: [●]

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Mann Fleet Partners operates in Travel And Tourism and Engaged In Providing Ultra-luxury, Luxury, Premium, And Economy Car Rental Services. The Issue is listed on BSE,NSE in Oct, 2025. Mann Fleet Partners IPO size was with Issue price of .

Merchant Banker(s) of Mann Fleet Partners IPO: Khambatta Securities Limited

Mann Fleet Partners IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Mann Fleet Partners IPO listed at a listing price of against the offer price of .

The current market price of Mann Fleet Partners is .

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