Voler Car IPO debuted on the NSE at its issue price of ₹90, reflecting a 0% listing premium. However, the stock soon declined and is currently trading at ₹85.50 as of 12:50 PM, marking a 3.55% drop from its listing price.
The Voler Car IPO was subscribed 13.62 times, driven by strong demand across all investor categories. Retail investors bid 13.94 times, non-institutional buyers 18.56 times, and qualified institutions 9.34 times. With 9,052 applications, the IPO received bids for 2.66 crore shares, totaling ₹239.49 crore.
The Voler Car IPO had a last reported GMP of ₹5, indicating an expected listing gain of 5.56%. However, the stock debuted at ₹90.00, exactly matching the allotment price, resulting in no listing premium.
Overview of Contents
Details About Voler Car IPO
The Voler Car IPO follows the Book Built Issue process, with a total offering size of ₹27.00 crores, consisting entirely of a fresh issue of 30.00 lakh equity shares with a face value of ₹10 each. The price band is set between ₹85 to ₹90 per share, allowing investors to bid within this range.
- Qualified Institutional Buyers (QIBs): 50% allocation
- High Net-Worth Individuals (HNIs): 15% allocation
- Retail Investors: 35% allocation
The minimum lot size for retail investors is 1,600 shares, requiring an investment of ₹1,44,000. For HNI investors, the minimum bid is two lots (3,200 shares), amounting to ₹2,88,000.
Voler Car IPO Funds Deployment
- Allocation for working capital requirements
- Funds for general corporate purposes
- Coverage of IPO issue expenses
Voler Car IPO Financial Performance
As of September 30, 2024, Voler Car reported total assets of ₹18.33 crore and revenue of ₹21.58 crore. The company’s profit after tax stood at ₹2.49 crore, with a net worth of ₹10.93 crore. Reserves & surplus amounted to ₹2.78 crore, while total borrowings reduced to ₹0.39 crore, reflecting improved financial stability.
About Company
Founded in 2010, Voler Cars Limited provides Employee Transportation Services (ETS) to MNCs and corporates across major Indian cities. Operating an asset-light model with over 2,500 vehicles, the company completed 3.23 lakh trips in FY 2023-24, averaging 884 daily trips. With advanced GPS tracking, real-time monitoring, and strict SLAs, Voler ensures reliable, tech-driven transport solutions. Backed by 774 employees and a strong client base, it continues to scale as a trusted corporate mobility provider.