Voler Car Limited IPO (Voler Car IPO) Detail
Voler Car IPO is a book built issue of Rs 27.00 crores. The issue is entirely a fresh issue of 30.00 lakh shares.
Voler Car IPO bidding started from February 12, 2025 and ended on February 14, 2025. The allotment for Voler Car IPO was finalized on Monday, February 17, 2025. The shares got listed on NSE SME on February 19, 2025.
Voler Car IPO price band is set at ₹90 per share. The minimum lot size for an application is 1600. The minimum amount of investment required by retail investors is ₹1,36,000. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,44,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹2,88,000.
GYR Capital Advisors Private Limited is the book-running lead manager of the Voler Car IPO, while Kfin Technologies Limited is the registrar for the issue.The market maker for Voler Car IPO is Wiinance Financial Services Private Limited.
Refer to Voler Car IPO RHP for detailed information.
Voler Car IPO Details
| IPO Date | February 12, 2025 to February 14, 2025 |
| Listing Date | February 19, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹90 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 30,00,000 shares (aggregating up to ₹27.00 Cr) |
| Fresh Issue | 30,00,000 shares (aggregating up to ₹27.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 81,43,527 shares |
| Share Holding Post Issue | 1,11,43,527 shares |
| Market Maker Portion | 2,12,800 shares Wiinance Financial Services Private Limited |
Voler Car IPO Reservation
Voler Car IPO offers 30,00,000 shares. 5,56,800 (18.56%) to QIB, 4,19,200 (13.97%) to NII, 9,77,600 (32.59%) to RII and 8,33,600 (27.79%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 8,33,600 (27.79%) |
| Market Maker Shares Offered | 2,12,800 (7.09%) |
| QIB Shares Offered | 5,56,800 (18.56%) |
| NII (HNI) Shares Offered | 4,19,200 (13.97%) |
| Retail Shares Offered | 9,77,600 (32.59%) |
| Total Shares Offered | 30,00,000 (100%) |
Voler Car IPO Anchor Investors Details
Voler Car IPO raises Rs 7.50 crore from anchor investors. Voler Car IPO Anchor bid date is February 11, 2025. Voler Car IPO Anchor Investors list
| Bid Date | February 11, 2025 |
| Shares Offered | 8,33,600 |
| Anchor Portion Size (In Cr.) | 7.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 18, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 17, 2025 |
Voler Car IPO Timeline (Tentative Schedule)
Voler Car IPO opens on February 12, 2025, and closes on February 14, 2025.
| IPO Open Date | Wed, Feb 12, 2025 |
| IPO Close Date | Fri, Feb 14, 2025 |
| Tentative Allotment | Mon, Feb 17, 2025 |
| Initiation of Refunds | Tue, Feb 18, 2025 |
| Credit of Shares to Demat | Tue, Feb 18, 2025 |
| Tentative Listing Date | Wed, Feb 19, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 14, 2025 |
Voler Car IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,44,000 |
| Retail (Max) | 1 | 1600 | ₹1,44,000 |
| HNI (Min) | 2 | 3,200 | ₹2,88,000 |
| Lot Size Calculator | |||
Voler Car IPO Promoter Holding
| Share Holding Pre Issue | 92.88% |
| Share Holding Post Issue |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
About Voler Car Limited
Incorporated in 2010, Voler Cars Limited provides reliable and efficient employee transportation services (ETS) to large MNCs and corporate clients.
The company offers comprehensive home-to-office transportation with 24/7 customer service, dedicated teams, and over 2,500 vehicles, including cars, SUVs, electric vehicles, buses, and tempo travellers.
In FY 2023-24, the company completed approximately 3,23,550 trips, averaging over 884 visits daily.
The company operates in Kolkata, Mumbai, Pune, Bhubaneshwar, Delhi-NCR, and Ahmedabad, offering corporate transportation with vendor-sourced and leased vehicles, ensuring timely pick-ups and drop-offs per service level agreements (SLA).
The company integrates GPS tracking with third-party technology to manage corporate travel, handling reservations, tracking, incident response, and client SLAs through a unified system.
The company offers Employee Transportation Services (ETS) in Kolkata, Mumbai, Pune, Bhubaneswar, Delhi-NCR, and Ahmedabad, ensuring reliable home-to-office transportation with 24/7 operations for corporate clients.
As of December 31, 2024, the company has 774 Employees.
Competitive Strengths:
- Long-standing customer relationships
- An established brand built over the years through operational excellence
- Asset-light business model
- Experienced Promoters supported by a management and execution team
- Scalable business model
- Quality assurance of their service.
Company Financials
Voler Car Limited Financial Information (Restated)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 18.33 | 10.99 | 11.9 | 12.13 |
| Revenue | 21.58 | 31.45 | 26.63 | 24.83 |
| Profit After Tax | 2.49 | 3.56 | 1.99 | 0.79 |
| Net Worth | 10.93 | 3.21 | -0.35 | -2.34 |
| Reserves and Surplus | 2.78 | 3.06 | -0.5 | -2.49 |
| Total Borrowing | 0.39 | 1.19 | 3.8 | 5.55 |
| Amount in ₹ Crore | ||||
Key Performance Indicator (KPI)
The market capitalization of Voler Car IPO is Rs 100.29 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 249.01% |
| ROCE | 123.06% |
| Debt/Equity | 0.37 |
| RoNW | 110.91% |
| PAT Margin | 11.53 |
| Price to Book Value | 22.17 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.38 | 4.46 |
| P/E (x) | 20.57 | 20.17 |
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.
Objects of the Issue (Voler Car IPO Objectives)
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Funding working capital requirements of the Company
- General Corporate Purposes.
- IPO Issue expenses
Voler Car IPO Review (Avoid)
[Dilip Davda] VCL provides ETS services in major metros for home-to-office-to-home movements. It posted growth in its top and bottom lines for the reported periods. The company operates on an asset-light model with mix of owned/leased/and hired third party vehicles. Based on the recent financial performance, the issue appears aggressively priced. The company is operating in a competitive and fragmented segment. There is no harm in skipping this pricey bet. Read detail review…
Voler Car IPO Subscription Status (Bidding Detail)
The Voler Car IPO is subscribed 13.62 times on February 14, 2025 6:55:00 PM (Day 3). The public issue subscribed 13.94 times in the retail category, 9.34 times in the QIB category, and 18.56 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 9.34 | 5,56,800 | 52,03,200 | 7 |
| NII* | 18.56 | 4,19,200 | 77,79,200 | 528 |
| Retail | 13.94 | 9,77,600 | 1,36,27,200 | 8,517 |
| Total | 13.62 | 19,53,600 | 2,66,09,600 | 9,052 |
Total Application : 9,052
*Market Maker portion is not included to NII/HNI.
Voler Car IPO Prospectus
Voler Car IPO Listing Details
| Listing Date | February 19, 2025 |
| BSE Script Code | |
| NSE Symbol | VOLERCAR |
| ISIN | INE241X01014 |
| Final Issue Price | ₹90 per share |
Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹90.00 |
| Open | ₹90.00 |
| Low | ₹85.50 |
| High | ₹93.90 |
| Last Trade | ₹91.45 |
Check IPO Performance…
Voler Car Limited Contact Details
Voler Car Limited
22 Burtolla Street,
4th Floor,
Kolkata – 700007
Phone: +91 9147359888
Email: compliance@volercars.com
Website: https://volercars.com/
Voler Car IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: volercar.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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