Voler Car IPO Details
The Voler Car IPO is a book build issue with a total issue size of ₹27 cr, comprising of fresh issue of 3000000 equity shares. Voler Car IPO opened for subscription on Feb 12, 2025 and closed on Feb 14, 2025. Voler Car IPO is set price band at ₹85 to ₹90 per share, with a lot size of 1600 shares. Minimum investment for Retail investors was ₹288,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Feb 17, 2025, and listed on the NSE on Feb 19, 2025.
Kfin Technologies Limited has been appointed as the registrar. GYR Capital Advisors Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Voler Car IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 85 – 90
- Lot Size
- 1600
- Issue Size
- ₹27 Cr
- Minimum Investment
- ₹288000 (3200 Shares)
- Listing Date
- 19 February 2025
Current GMP
₹5 (+5.56%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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
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
Book Running Lead Managers
- GYR Capital Advisors Private Limited
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 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.
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 per share.
Voler Car IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹288000 based on the upper price band
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.
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.
Voler Car IPO issue size is ₹27 crores.
Voler Car IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.