loading
loading
The proposed IPO comprises a fresh issue of 60.12 lakh equity shares and an Offer-For-Sale (OFS) of 19.10 lakh equity shares by promoters and individual shareholders, according to the draft red herring prospectus (DRHP). The company plans to use the proceeds from the fresh issue for debt payment and general corporate purposes. Mann Fleet Partners, which filed its preliminary papers with Sebi in June, obtained its observations on September 8, the update showed . Receiving Sebi's observation is a key step in the IPO process, following which a company can proceed with further preparations for the public issue, subject to applicable regulatory requirements. Mann Fleet Partners is engaged in the business of providing economy, premium, and luxury car and coach rental services, delivering transportation solutions to corporates, governments, embassies, travel agencies, event management organisations and retail clients. It operates a chauffeur service network spanning 86 cities across 6 countries, including India, the United Arab Emirates, Saudi Arabia, the United States of America, Sri Lanka, and England. While rapidly expanding in global markets, it maintains an extensive domestic footprint, serving 80 cities across India. Khambatta Securities is the sole book-running lead manager of the issue, while Bigshare Services is the registrar. The stock will be listed on the National Stock Exchange (NSE) and the BSE. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
document fetched 2026-09-12 02:58