Voler Car IPO
Open SmeCurrent GMP
₹5 (+5.56%)
Price Band
₹ 85 – 90
Lot Size
1600
Issue Size
₹27 Cr
Minimum Investment
₹288000 (3200 Shares)
Listing Date
19 February 2025
Subscription
13.73x
About the Company
Voler Car Limited is a provider of Employee Transportation Services (ETS), primarily catering to IT/ITeS, large corporates, and MNC clients across several major cities in India. The company operates a comprehensive home-to-office-to-home transportation service with 24/7 customer support, dedicated location teams, and a fleet of over 2,000 vehicles, including sedans, SUVs, electric vehicles, buses, and tempo travellers.
Key Operations and Model:
- Asset-light model: Voler operates on an asset-light model, sourcing most of its vehicles from vendors rather than owning them. This approach helps maximize revenue by optimizing seat usage and improving employee mobility.
- Fleet Size and Reach: The fleet includes a variety of vehicles such as electric and non-electric cars, buses, and tempo travellers. The company operates in Kolkata, Mumbai, Pune, Bhubaneswar, Delhi-NCR, and Ahmedabad.
- Safety and Technology: The company integrates GPS tracking systems into their services for easy tracking and monitoring. Additionally, they prioritize the safety of women passengers, ensuring they are never dropped off last and providing escorts when necessary.
Promoters and Management:
- Mr. Pawan Parasrampuria (Managing Director): With over 13 years of experience, he specializes in financial management, process improvements, and cost-cutting strategies.
- Mr. Vikas Parasrampuria (Whole-Time Director): Oversees daily operations and focuses on business development with key clients.
- The company's experienced Board of Directors and management team is well-equipped to drive future growth.
Fleet Details:
- Leased Vehicles (EVs): 4 Electric Vehicles (EVs)
- Vendor Vehicles:
- 144 Electric Cars (4-seater)
- 1,475 Non-Electric Cars (4-seater)
- 13 Seater (Force) - 13 vehicles
- 76 Seater (Force) - 76 vehicles
- 3 buses (50-seater)
- 223 6-8 seater cars
- Other vehicles: 15, 17, and 26-seater travellers (75 vehicles)
In F.Y. 2023-24, the company completed 3,23,550 trips, averaging more than 884 trips daily. They aim to meet the evolving needs of clients with efficient, reliable, and sustainable transportation solutions.
Registered Office & Corporate Office:
- Registered Office: 22, Burtolla Street, 4th Floor, Kolkata-700007
- Corporate Office: 608, 6th Floor, Merlin Infinite, Plot No-51, Block-DN, Sector-V, Salt Lake City, Kolkata-700091
Promoters
- Mr. Vikas Parasrampuria
- Mr. Pawan Parasrampuria
Promoters Holding
Holding Pre Issue
92.88%
Holding Post Issue
0.00%
Objects of the Issue
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
Address / Contact Info
Voler Car Limited
22 Burtolla Street, 4th Floor,
Kolkata - 700007
West Bengal, India.
Phone: +91 9147359888
Email: compliance@volercars.com
Website: https://volercars.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 12 February 2025
IPO Close Date
Friday, 14 February 2025
Basis of Allotment
Monday, 17 February 2025
Initiation of Refunds
Tuesday, 18 February 2025
Credit of Shares to Demat
Tuesday, 18 February 2025
Listing Date
Wednesday, 19 February 2025 — NSE & BSE
Important Dates
Open Date
12 February 2025
Close Date
14 February 2025
Basis Of Allotment
17 February 2025
Listing Date
19 February 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 10.46 | 11.15 | 11.36 |
| Revenue | 31.45 | 26.63 | 24.83 |
| Profit After Tax | 4.17 | 2.02 | 0.93 |
| Net Worth | 3.07 | -1.1 | -3.11 |
| Reserve & Surplus | 2.92 | -1.24 | -3.26 |
| Total Borrowings | 1.19 | 3.8 | 5.55 |
EPS Pre
5.12%
EPS Post
3.74%
P/E Pre
17.59
P/E (Post Issue)
24.07x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 4.22 |
| ROCE % | 132.01 |
| Debt / Equity | 0.39 |
| RoNW % | 135.7 |
| PbW | 0 |
| Pat Margin % | 13.49 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 556800 | 28.5 | 0 |
| Non-Institutional | 419200 | 21.46 | 0 |
| Retail Investors | 977600 | 50.04 | 0 |
| Total | 1953600 | 100 | 0 |
Subscription Status ( Fri, 14 Feb 25 01:17 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 556800 | 5203200 | 9.34x |
| Non-Institutional | 419200 | 7992000 | 19.06x |
| Retail Investors | 977600 | 13627200 | 13.94x |
| Total | 1953600 | 26822400 | 13.73x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | 144,000.00 |
| Retail (Max) | 1 | 1,600 | 144,000.00 |
| S-HNI (Min) | 2 | 3,200 | 288,000.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- GYR Capital Advisors Private Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Voler Car IPO is a Book-building IPO worth ₹27 crores. The price band is ₹85 to 90 per share. The IPO opens on Wed, Feb 12, 2025 and closes on Fri, Feb 14, 2025. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Voler Car IPO opens on Wed, Feb 12, 2025 and closes on Fri, Feb 14, 2025
Voler Car IPO Price Band is ₹85 to 90.
Voler Car IPO lot size is 1600, and the minimum amount required for application is ₹288000.
The minimum investment for Voler Car IPO is approximately ₹288000 based on the upper price band.
To apply for the Voler Car IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Feb 14, 2025. After submission, funds are blocked until the basis of allotment of Voler Car IPO is finalised.
Voler Car IPO issue size is ₹27 crores.
Voler Car IPO allotment date is Sat, Jun 27, 2026.
The registrar for Voler Car IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Voler Car IPO through their official website or helpline.
The Voler Car IPO GMP (Grey Market Premium) is ₹5 as of Wed, Feb 19, 2025. Based on the upper price band of ₹90 per share, the estimated Voler Car IPO listing price is ₹95, indicating a potential listing gain of approximately 31% over the issue price.