Bookbuilding IPO | ₹27 Cr | Listed at NSE SME | Wed, Feb 12, 2025 - Fri, Feb 14, 2025
Voler Car IPO is a book build issue of ₹27.00 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹27.00 crore.
Voler Car IPO bidding started from Feb 12, 2025 and ended on Feb 14, 2025. The allotment for Voler Car IPO was finalized on Feb 17, 2025. The shares got listed on NSE SME on Feb 19, 2025.
Voler Car IPO price band is set at ₹90 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,44,000 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,88,000.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Wiinance Financial Services Pvt.Ltd..
Refer to Voler Car IPO RHP for detailed Information.
IPO Open
Wed, Feb 12, 2025
IPO Close
Fri, Feb 14, 2025
Issue Price
₹90 per share
Market Cap (Pre-IPO)
₹100.29 Cr
| IPO Date | 12 to 14 Feb, 2025 |
| Listed on | Wed, Feb 19, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹85 to ₹90 |
| Issue Price | ₹90 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 30,00,000 shares (agg. up to ₹27 Cr) |
| Reserved for Market Maker | 2,12,800 shares Wiinance Financial Services Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 27,87,200 shares (agg. up to ₹25 Cr) |
| Net Offered to Public | 27,87,200 shares (agg. up to ₹25 Cr) |
| Share Holding Pre Issue | 81,43,527 shares |
| Share Holding Post Issue | 1,11,43,527 shares |
| NSE Symbol | VOLERCAR |
| ISIN | INE241X01014 |
Voler Car IPO comprises a total issue size of 30,00,000 shares. The net offer to the public is 27,87,200 shares, after excluding 2,12,800 shares allotted on a firm basis. Of the Net offer 13,90,400 (49.89%) are allocated to QIB, 4,19,200 (15.04%) allocated to NII 9,77,600 (35.07%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 13,90,400 | 49.89% | 46.35% |
| − Anchor Investor Shares Offered | 8,33,600 | 27.79% | |
| − QIB (Ex. Anchor) Shares Offered | 5,56,800 | 18.56% | |
| NII (HNI) Shares Offered | 4,19,200 | 15.04% | 13.97% |
| Retail Shares Offered | 9,77,600 | 35.07% | 32.59% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,12,800 | 7.09% | |
| Total Shares Offered | 30,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,44,000 |
| Retail (Max) | 1 | 1,600 | ₹1,44,000 |
| HNI (Min) | 2 | 3,200 | ₹2,88,000 |
Voler Car IPO raises ₹7.50 crore from anchor investors. Voler Car IPO Anchor bid date is February 11, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Feb 11, 2025 |
| Shares Offered | 8,33,600 |
| Anchor Portion (₹ Cr.) | 7.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | Tue, Mar 18, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sat, May 17, 2025 |
Incorporated in 2010, Voler Cars Limited provides reliable and efficient employee transportation services (ETS) to large MNCs and corporate clients.
The company offers comprehensive home-to-office transportation with 24/7 customer service, dedicated teams, and over 2,500 vehicles, including cars, SUVs, electric vehicles, buses, and tempo travellers.
In FY 2023-24, the company completed approximately 3,23,550 trips, averaging over 884 visits daily.
The company operates in Kolkata, Mumbai, Pune, Bhubaneshwar, Delhi-NCR, and Ahmedabad, offering corporate transportation with vendor-sourced and leased vehicles, ensuring timely pick-ups and drop-offs per service level agreements (SLA).
The company integrates GPS tracking with third-party technology to manage corporate travel, handling reservations, tracking, incident response, and client SLAs through a unified system.
The company offers Employee Transportation Services (ETS) in Kolkata, Mumbai, Pune, Bhubaneswar, Delhi-NCR, and Ahmedabad, ensuring reliable home-to-office transportation with 24/7 operations for corporate clients.
As of December 31, 2024, the company has 774 Employees.
Competitive Strengths:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 18.33 | 10.99 | 11.90 | 12.13 |
| Total Income | 21.58 | 31.45 | 26.63 | 24.83 |
| Profit After Tax | 2.49 | 3.56 | 1.99 | 0.79 |
| NET Worth | 10.93 | 3.21 | -0.35 | -2.34 |
| Reserves and Surplus | 2.78 | 3.06 | -0.50 | -2.49 |
| Total Borrowing | 0.39 | 1.19 | 3.80 | 5.55 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the Company | 20.38 |
| 2 | General corporate purposes | 3.65 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 249.01% |
| ROCE | 123.06% |
| Debt/Equity | 0.37 |
| RoNW | 110.91% |
| PAT Margin | 11.53% |
| Price to Book Value | 22.17 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.38 | 4.46 |
| P/E (x) | 20.57 | 20.17 |
| Promoter Holding | 92.88% | 67.86% |
| Market Cap | ₹100.29 Cr. |
The Voler Car IPO is subscribed 13.62 times on February 14, 2025 6:55:00 PM (Day 3). The public issue subscribed 13.94 times in the retail category, 9.34 times in the QIB category, and 18.56 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 9.34 | 5,56,800 | 52,03,200 | 7 |
| NII* | 18.56 | 4,19,200 | 77,79,200 | 528 |
| Retail | 13.94 | 9,77,600 | 1,36,27,200 | 8,517 |
| Total | 13.62 | 19,53,600 | 2,66,09,600 | 9,052 |
Total Application : 9,052
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including Merchant Banking fees, Underwriting fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 1.97 |
| 2 | Advertising and Marketing Expenses | 0.10 |
| 3 | Fees payable to the stock exchange(s) | 0.04 |
| 4 | Printing & Stationery, Distribution, Postage, etc. | 0.00 |
| 5 | Brokerage and Selling Commission | 0.01 |
| 6 | Other Expenses (Banker’s to the Issue, Auditor’s Fees etc.) | 0.85 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹90.00 |
| Open | ₹90.00 |
| Low | ₹85.50 |
| High | ₹93.90 |
| Last Trade | ₹91.45 |
Lead Manager Reports
Voler Car IPO is a SME IPO of 30,00,000 equity shares of the face value of ₹10 aggregating up to ₹27 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 1600.
The IPO opens on Wed, Feb 12, 2025, and closes on Fri, Feb 14, 2025.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Voler Car IPO using UPI as a payment gateway. Zerodha customers can apply in Voler Car IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Voler Car IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Voler Car IPO opens on Wed, Feb 12, 2025 and closes on Fri, Feb 14, 2025.
Voler Car IPO lot size is 1600, and the minimum amount required for application is ₹1,44,000.
You can apply in Voler Car IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Voler Car IPO will be done on Monday, February 17, 2025, and the allotted shares will be credited to your demat account by Tue, Feb 18, 2025. Check the Voler Car IPO allotment status.
The Voler Car IPO listing date is on Wed, Feb 19, 2025.
