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Voler Car IPO

Open Sme
NSE 12 February - 14 February 2025
Voler Car Limited IPO is a book build issue of 27 Cr. The issue is entirely a fresh issue of 3000000 shares aggregating to 27 Cr. Voler Car Limited IPO opened for subscription on Feb 12, 2025 and closed on Feb 14, 2025. The allotment for the this IPO was finalized on Feb 17, 2025. IPO was listed on NSE and BSE on Feb 19, 2025. Voler Car Limited IPO is set issue price band at ₹85 to ₹90 per share.

Current 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

  1. Mr. Vikas Parasrampuria
  2. 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:

  1. Funding working capital requirements of the Company
  2. General Corporate Purposes.
  3. 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

Face Value₹10 per share
Price Band₹ 85 – 90
Lot Size1600
Issue TypeBook-building IPO
Sale Type
Fresh Issue₹ 27.00 Cr
Offer for Sale₹ 0.00 Cr
Total Issue Size₹ 27.00 Cr
Listing AtNSE
Industry
Sector
QIB Quota28.5%
Retail Quota50.04%

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.