Voler Car IPO Details
The key details of Voler Car’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹27.00 Cr |
| Price Range | ₹85 - ₹90 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 1600 |
| Investment (cut-off price) | ₹1,44,000 |
| Pre IPO Promotor Holding | 92.88% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Voler Car IPO Timelines
The IPO process for Voler Car includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
12/02/2025
Start Date14/02/2025
End Date18/02/2025
Refund Initiation18/02/2025
Credit of Shares to Demat Ac19/02/2025
Listing DateVoler Car IPO Lot Size
The Voler Car IPO has a fixed lot size of 1,600 shares, at an upper price band of ₹90 per share, requiring ₹144,000 per lot for retail investors. For HNI investors, the minimum application is 3,200 shares (2 lots) amounting to ₹288,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1600 | ₹1,44,000 |
| Retail Maximum | 1 | 1600 | ₹1,44,000 |
| HNI Minimum | 2 | 3200 | ₹2,88,000 |
Voler Car IPO Subscription Status
The subscription status for Voler Car IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 9.34x | 18.56x | 13.94x | -- | 13.62x |
IPO Performance on Listing Day
On the listing day (February 19, 2025), Voler Car made a flat debut on the stock exchange. The stock opened at ₹90, at par with its issue price. During the trading session, the stock showed mixed movement, touching a high of ₹93.90 before testing a low of ₹85.50. The shares ended their first trading day at ₹91.45, securing a marginal gain of 1.6% over the issue price, suggesting a balanced market response to this automotive sector entrant.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹90.00 | ₹91.45 | ₹93.90 | ₹85.50 |
Voler Car IPO Company Financials
Voler Car reports robust performance in FY2024 with Total Income of ₹31.45 crores, managing expenses at ₹26.34 crores, and achieving a strong PAT (Profit After Tax) of ₹4.17 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹24.83 | ₹23.54 | ₹0.93 |
| FY 2023 | ₹26.63 | ₹23.87 | ₹2.02 |
| FY 2024 | ₹31.45 | ₹26.34 | ₹4.17 |
About Company
Voler Cars Limited specializes in providing efficient employee transportation services (ETS) to large multinational corporations (MNCs) and corporate clients. The company offers home-to-office transportation solutions across major cities in India, supported by 24/7 customer service and dedicated location teams. With a fleet of over 2,500 vehicles, including cars, SUVs, electric vehicles, buses, and tempo travelers, Voler Cars ensures reliable transportation for its clients, completing approximately 3,23,550 trips in FY 2023-24, averaging over 884 trips daily.
Operating on an asset-light model, Voler Cars sources most of its vehicles from vendors rather than owning them. This approach allows the company to optimize seat usage, improve efficiency, and maximize revenue. Their fleet includes both company-leased and vendor-sourced vehicles. Voler Cars provides a full range of corporate transportation services, ensuring timely pick-ups and drop-offs per service level agreements (SLAs). The company’s presence spans major cities such as Kolkata, Mumbai, Pune, Bhubaneshwar, Delhi-NCR, and Ahmedabad, delivering reliable and professional employee transportation solutions.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2010 | Transportation Services | Pawan Parasrampuria |
Know Before Investing
Voler Car IPO Strengths
- Voler Car Ltd. has been providing ETS to IT/ITeS, large corporations, and MNCs for over a decade, indicating a stable business model and experience in the sector.
- Voler Car provides a complete solution for corporate transportation needs, including home-to-office and office-to-home transportation, adhering to SLAs to ensure timely pick-ups and drop-offs.
- The company prioritizes the safety of its passengers, especially women, and has integrated GPS tracking systems into its services for real-time monitoring and efficient management.
- Voler Car offers a diverse fleet, including sedans, SUVs, EVs, buses, and tempo travelers, allowing it to cater to varied client requirements and promote eco-friendly options.
- The company has a strong list of corporate clients.
- Voler Car operates in six major cities: Kolkata, Mumbai, Pune, Bhubaneswar, Delhi-NCR, and Ahmedabad, indicating a widespread service network.
Voler Car IPO Risks
- Voler Car primarily serves the IT/ITeS sector, making it vulnerable to downturns or shifts in these industries. Reduced outsourcing or changes in remote work policies could significantly impact demand.
- Managing a fleet of over 2,000 vehicles and ensuring timely service (884 trips daily) involves logistical challenges. Inefficiencies in operations can lead to increased costs and reduced service quality.
- Transportation services are subject to regulatory requirements, and non-compliance can lead to penalties. Adhering to safety and environmental standards requires ongoing investment and monitoring.
Swot Analysis for Voler Car IPO
Strengths
Employee transportation services (ETS), Serves IT/ITeS and MNCs
Weaknesses
Decreased EBITDA and net worth, Limited financial data
Opportunities
Growing transportation sector, Potential market expansion, Increasing corporate partnerships
Threats
Intense competition in car rental, Fluctuating fuel prices, Economic downturn impacts
Company Details
Voler Car Limited
22 Burtolla Street, 4th Floor, Kolkata – 700007
Phone: +91 9147359888
Email: compliance@volercars.com
Website: https://volercars.com/
IPO Registar Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: volercar.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
FAQs
The key objectives of Voler Car IPO are:
- Funding working capital requirements of the Company
- General Corporate Purposes.
- IPO Issue expenses
GYR Capital Advisors Private Limited is the book-running lead managers for the Voler Car IPO.