Mann Fleet Partners, a New Delhi-based car rental services provider, has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its IPO plans.
The company filed its draft offer document with the capital markets regulator in June 2026.
SEBI issued its observations on the company’s draft papers on September 8. The issuance of observations by the capital markets regulator allows the company to launch its IPO within the next one year.
Mann Fleet Partners has proposed to raise funds through a maiden public issue of 79.22 lakh equity shares, comprising a fresh issue of 60.12 lakh shares.
Promoters and other existing shareholders will sell up to 19.1 lakh equity shares through an offer-for-sale (OFS).