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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 ₹90.00 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 investment for 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 Date | February 12, 2025 to February 14, 2025 |
| Listing Date | February 19, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹85 to ₹90 per share |
| Issue Price Final | ₹90 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 30,00,000 shares (aggregating up to ₹27.00 Cr) |
| Reserved for Market Maker | 2,12,800 shares Wiinance Financial Services Pvt.Ltd. (aggregating up to ₹1.92 Cr) |
| Net Offered to Public | 27,87,200 shares (aggregating up to ₹25.08 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 81,43,527 shares |
| Share Holding Post Issue | 1,11,43,527 shares |
Voler Car IPO offers total 30,00,000 shares. Out of which 13,90,400 (46.35%) allocated to QIB, 5,56,800 (18.56%) allocated to QIB (Ex- Anchor), 4,19,200 (13.97%) allocated to NII, 9,77,600 (32.59%) allocated to RII and 8,33,600 (27.79%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,12,800 (7.09%) |
| QIB Shares Offered | 13,90,400 (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 (13.97%) |
| Retail Shares Offered | 9,77,600 (32.59%) |
| Total Shares Offered | 30,00,000 (100.00%) |
Voler Car IPO raises ₹7.50 crore from anchor investors. Voler Car IPO Anchor bid date is February 11, 2025. Voler Car IPO Anchor Investors list
| Bid Date | February 11, 2025 |
| Shares Offered | 8,33,600 |
| Anchor Portion Size (In Cr.) | 7.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 18, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 17, 2025 |
Voler Car IPO opens on February 12, 2025, and closes on February 14, 2025.
| IPO Open Date | Wed, Feb 12, 2025 |
| IPO Close Date | Fri, Feb 14, 2025 |
| Tentative Allotment | Mon, Feb 17, 2025 |
| Initiation of Refunds | Tue, Feb 18, 2025 |
| Credit of Shares to Demat | Tue, Feb 18, 2025 |
| Tentative Listing Date | Wed, Feb 19, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Feb 14, 2025 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 11.9 | 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 | -0.5 | -2.49 |
| Total Borrowing | 0.39 | 1.19 | 3.8 | 5.55 |
| Amount in ₹ Crore | ||||
The market capitalization of Voler Car IPO is ₹100.29 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 4.38 | 4.46 |
| P/E (x) | 20.57 | 20.17 |
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
[Dilip Davda] VCL provides ETS services in major metros for home-to-office-to-home movements. It posted growth in its top and bottom lines for the reported periods. The company operates on an asset-light model with mix of owned/leased/and hired third party vehicles. Based on the recent financial performance, the issue appears aggressively priced. The company is operating in a competitive and fragmented segment. There is no harm in skipping this pricey bet. Read detail review...
| Listing Date | February 19, 2025 |
| BSE Script Code | |
| NSE Symbol | VOLERCAR |
| ISIN | INE241X01014 |
| Final Issue Price | ₹90 per share |
| NSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹90.00 |
| Open | ₹90.00 |
| Low | ₹85.50 |
| High | ₹93.90 |
| Last Trade | ₹91.45 |
Voler Car Ltd.
22 Burtolla Street,
4th Floor,
Kolkata, West Bengal, 700007
Phone: +91 9147359888
Email: compliance@volercars.com
Website: https://volercars.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: volercar.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Voler Car IPO is a SME IPO of 30,00,000 equity shares of the face value of ₹10 aggregating up to ₹27.00 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 1600.
The IPO opens on February 12, 2025, and closes on February 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 February 12, 2025 and closes on February 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 Tuesday, February 18, 2025. Check the Voler Car IPO allotment status.
The Voler Car IPO listing date is on Wednesday, February 19, 2025.
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