Voler Car Ltd. is launching its initial public offering (IPO) on February 12, 2025, closing on February 14, 2025, with the aim of raising approximately ₹27.00 crores. The IPO involves the issuance of 30,00,000 equity shares at a price band of ₹85 to ₹90 per share. The minimum market lot is 1600 shares, requiring an application amount of ₹1,44,000. Voler Car, established in 2010, specializes in providing employee transportation services (ETS) to IT/ITeS, large corporations, and MNCs across major Indian cities.
₹5
₹90
₹90.00
Expert Opinions
Market sentiment for the Voler Car IPO is cautiously optimistic, driven by the increasing demand for employee transportation services (ETS) in major Indian cities. Company strengths include long-standing relationships with corporate clients and an asset-light business model that utilizes a pooled fleet of over 2,000 vehicles. Voler Car operates in six cities: Kolkata, Mumbai, Pune, Bhubaneswar, Delhi-NCR, and Ahmedabad. Risks and challenges involve competition from other ETS providers and potential fluctuations in fuel costs and vehicle maintenance expenses.
Valuation analysis for FY 2024 indicates a return on net worth (RoNW) of 135.70% and a return on capital employed (ROCE) of 132.01%, reflecting strong financial performance. The price to earnings ratio is between 15.43 and 16.33. From a long-term investment perspective, Voler Car is well-positioned to benefit from the growing demand for ETS.
Investor Considerations
Investors considering the Voler Car IPO should analyze several key factors. Company performance and fundamentals show a revenue increase from ₹26.63 crores in FY2023 to ₹31.45 crores in FY2024, with a profit of ₹4.17 crores. The sector outlook is supported by the increasing demand for employee transportation services in major Indian cities.
The IPO valuation includes a price-to-book value that can be derived from a net asset value (NAV) of ₹4.06 per share, a PAT margin of 13.49%, and a debt-to-equity ratio of 0.39, indicating a moderate debt level. Growth prospects are tied to expanding ETS solutions and maintaining relationships with IT/ITeS clients. Potential risk factors involve competition in the ETS sector and fluctuations in operational costs. A long-term investment horizon is advisable, as Voler Car aims to capitalize on its asset-light model and industry growth.
| Date | GMP | Trend |
|---|---|---|
| 18 Feb 2025 11.10 | ₹5 | --- |
| 17 Feb 2025 11.13 | ₹5 | --- |
| 15 Feb 2025 11.29 | ₹5 | --- |
| 14 Feb 2025 11.05 | ₹5 | Down |
| 13 Feb 2025 18.14 | ₹10 | --- |
| 11 Feb 2025 11.04 | ₹10 | --- |
| 10 Feb 2025 10.36 | ₹10 | --- |
| 09 Feb 2025 12.32 | ₹10 | --- |
| 08 Feb 2025 20.43 | ₹10 | --- |
| 07 Feb 2025 20.05 | ₹10 | Up |
| 06 Feb 2025 20.00 | ₹00 | --- |
FAQs
The Grey Market Premium showed poor accuracy in predicting Voler Car’s listing performance. While the GMP of ₹5 predicted a positive premium of 5.56% over the issue price, the stock actually listed flat with no gains or losses. With a prediction error of 5.26%, the GMP failed to predict the flat listing, though the magnitude of error was relatively modest in this case.
Voler Car IPO Current GMP is ₹5.
Voler Car IPO Expected Returns is 5.56%.
Voler Car IPO estimated listing price is ₹95.