Voler Car IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Wed, 12 Feb 2025
Close Date
Fri, 14 Feb 2025
Price Band
₹ 85 – 90
Lot Size
1600
Issue Size
₹ 27.00 Cr
Minimum Investment
₹ 288,000 (3200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Voler Car IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹27.00 Crore, comprising a fresh issue of 30.00 Lakh equity shares aggregating to ₹27.00 Crore.
The Voler Car IPO remained open for subscription from February 12, 2025, to February 14, 2025. The basis of allotment was finalized on February 17, 2025, and the company's shares were listed on NSE SME Platform on February 19, 2025.
The company had fixed the price band at ₹85 to ₹90 per share, with a lot size of 1600 shares. Retail investors were required to make a minimum investment of ₹288,000 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. GYR Capital Advisors Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Voler Car Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Voler Car IPO Timeline (Tentative)
- IPO Open Date
- Wed, 12 Feb 25
- IPO Close Date
- Fri, 14 Feb 25
- Basis of Allotment
- Mon, 17 Feb 25
- Initiation of Refunds
- Tue, 18 Feb 25
- Credit of Shares to Demat
- Tue, 18 Feb 25
- Listing Date
- Wed, 19 Feb 25 — NSE & BSE
Open Date
12 February 2025
Close Date
14 February 2025
Basis Of Allotment
17 February 2025
Listing Date
19 February 2025
IPO Subscription
Check Live Subscription →The Voler Car IPO has received bids for 2,68,22,400 shares against 19,53,600 shares offered, resulting in an overall subscription of 13.73x. the NII category is subscribed 19.06x, Retail Investors 13.94x, and QIBs 9.34x.
QIB
9.34x
NII
19.06x
RII
13.94x
Total
13.73x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 9,77,600 shares, representing 50.04% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 5,56,800 shares (28.5%), while Non-Institutional Investors (NIIs) receive 4,19,200 shares (21.46%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 556,800 | 28.5% |
| Non-Institutional | 419,200 | 21.46% |
| Retail Investors | 977,600 | 50.04% |
| Total | 1,953,600 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Voler Car Limited KPI Information
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 4.22 |
| ROCE % | 132.01 |
| Debt / Equity | 0.39 |
| RoNW % | 135.7 |
| Pat Margin % | 13.49 |
Peers Comparison
No Peer Comparision Available
About Voler Car Limited
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
Voler Car IPO Promoters
- Mr. Vikas Parasrampuria
- Mr. Pawan Parasrampuria
Promoters Holding
Holding Pre Issue
92.88%
Holding Post Issue
0.00%
Voler Car IPO Objective
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 Limited Address / Contact Details
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
Voler Car IPO Lot Size
The Voler Car IPO has a lot size of 1,600 shares. Retail investors require a minimum investment of ₹1,44,000 by applying for 1 lot (1,600 shares). The maximum application allowed for the retail category is 1 lots (1,600 shares), requiring an investment of ₹1,44,000.
| 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 |
Issue Reservation
- QIB — 28.5%
- NII — 21.46%
- RII — 50.04%
Book Running Lead Managers
- GYR Capital Advisors Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Voler Car IPO?
Voler Car IPO is a Book-building IPO with a total issue size of ₹27 crore. The Voler Car IPO price band is ₹85 to 90 per share. The Voler Car IPO subscription opens on Wed, Feb 12, 2025, and closes on Fri, Feb 14, 2025. The Voler Car IPO will be listed on the NSE. KFin Technologies Limited is the registrar for the Voler Car IPO.
When will the Voler Car IPO open for subscription?
The Voler Car IPO opens on Wed, Feb 12, 2025 and closes on Fri, Feb 14, 2025
What is Voler Car IPO Price Band?
Voler Car IPO Price Band is ₹85 to 90 per share.
What is Voler Car IPO Lot Size?
Voler Car IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹288000 based on the upper price band
What is the minimum investment for Voler Car IPO?
The minimum investment for Voler Car IPO is ₹288000, based on one lot of 1600 shares at the upper price band of ₹90 per share.
How to apply for Voler Car IPO?
Investors can apply for the Voler Car IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Feb 14, 2025. The application amount remains blocked until the Voler Car IPO allotment is finalized.
What is Voler Car IPO Issue Size?
Voler Car IPO issue size is ₹27 crores.
What is the Voler Car IPO Allotment Date?
Voler Car IPO allotment date is Mon, Feb 17, 2025.
Who is the Voler Car IPO Registrar?
The registrar for Voler Car IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Voler Car IPO allotment status, refund processing, and other IPO-related information.
What is the Voler Car IPO GMP?
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 5.56% over the issue price.
Who is the Voler Car IPO Lead Manager?
The book-running lead managers (BRLMs) for the Voler Car IPO are GYR Capital Advisors Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Voler Car IPO Red Herring Prospectus (RHP).