Voler Car IPO is set to open for subscription on February 12, 2025, and will close on February 14, 2025. Investors can bid for shares during this period, with the IPO allotment expected to be finalized on February 17, 2025. The company is gearing up for its listing on NSE SME on February 19, 2025.
This IPO follows the Book Built Issue process, with a total offering of ₹27.00 crores, entirely comprising 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.
The quota distribution for the IPO is structured as follows: 50% for Qualified Institutional Buyers (QIBs), 15% for High Net-Worth Individuals (HNIs), and 35% for retail investors. The minimum lot size for retail investors is 1,600 shares, requiring a minimum investment of ₹1,44,000. For HNI investors, the minimum bid is two lots (3,200 shares), amounting to ₹2,88,000.
In terms of financial performance, Voler Car has shown substantial growth. The company reported a revenue of ₹31.45 crores in 2024, marking an increase from ₹26.63 crores in 2023. Profit figures also reflect positive growth, with a profit of ₹4.17 crores in 2024, compared to ₹2.02 crores in 2023. Given the company’s financial trajectory, investors may consider this IPO for long-term investment potential.
Overview of Contents
Voler Car IPO Overview
| Particulars | Details |
|---|---|
| IPO Opening Date | February 12, 2025 |
| IPO Closing Date | February 14, 2025 |
| Listing Date | February 19, 2025 (Tentative) |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per share |
| Price Band | ₹85 to ₹90 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 30,00,000 shares (₹27.00 Cr) |
| Fresh Issue | 30,00,000 shares (₹27.00 Cr) |
| Listing Exchange | NSE SME |
| Retail Quota | Not more than 35% |
| QIB Quota | Not more than 50% |
| NII (HNI) Quota | Not more than 15% |
| Market Maker Portion | 2,12,800 shares |
| Pre-Issue Shareholding | 81,43,527 shares |
| Post-Issue Shareholding | 1,11,43,527 shares |
| DRHP | Click here |
| RHP | Click here |
Voler Car IPO Lot Size & Investment Details
Investors can bid for a minimum of 1,600 shares and in multiples thereof. Below is a breakdown of the minimum and maximum investment requirements for retail investors and HNIs:
| Investor Category | Lots | Shares | Investment Amount |
|---|---|---|---|
| Retail (Minimum & Maximum) | 1 | 1,600 | ₹1,44,000 |
| HNI (Minimum) | 2 | 3,200 | ₹2,88,000 |
Voler Car IPO Dates
| Event | Scheduled Date |
|---|---|
| Subscription Start | 12th Feb 2025 (Wednesday) |
| Subscription End | 14th Feb 2025 (Friday) |
| Allotment Finalization | 17th Feb 2025 (Monday) |
| Refund Process Begins | 18th Feb 2025 (Tuesday) |
| Shares Credited to Demat | 18th Feb 2025 (Tuesday) |
| IPO Listing on NSE SME | 19th Feb 2025 (Wednesday) |
| UPI Mandate Deadline | 14th Feb 2025 (Friday) – 5 PM |
Voler Car IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Voler Car IPO Promoter Holding
Mr. Vikas Parasrampuria and Mr. Pawan Parasrampuria are the promoters of the company.
| Share Holding Pre Issue | 92.88% |
|---|---|
| Share Holding Post Issue | - |
About Voler Car IPO
Incorporated in 2010, Voler Cars Limited specializes in Employee Transportation Services (ETS) for MNCs and corporate clients across Kolkata, Mumbai, Pune, Bhubaneswar, Delhi-NCR, and Ahmedabad. With a fleet of over 2,500 vehicles, including cars, SUVs, EVs, and buses, the company ensures seamless home-to-office transportation backed by 24/7 customer support and a dedicated service team.
In FY 2023-24, Voler Cars completed approximately 3,23,550 trips, averaging 884 daily trips. The company operates with an asset-light model, utilizing vendor-sourced and leased vehicles for efficient transport solutions under strict SLAs. Advanced GPS tracking technology integrates with third-party systems for real-time monitoring, reservation management, and incident response, enhancing reliability and operational efficiency.
With long-standing client relationships, a scalable business model, and an experienced leadership team, Voler Cars has established itself as a trusted name in corporate transportation. As of December 31, 2024, the company employs 774 professionals, ensuring high-quality service delivery across its operational regions.
Voler Cars Limited Financial Performance
Voler Cars Limited has demonstrated strong financial growth, with increasing revenue and profitability over the years. The company’s assets and net worth have improved significantly, reflecting financial stability and business expansion. Revenue grew from ₹24.83 crore in FY 2021-22 to ₹31.45 crore in FY 2023-24, while profit after tax surged from ₹0.79 crore to ₹3.56 crore in the same period.
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Total Assets (₹ Cr) | 18.33 | 10.99 | 11.90 | 12.13 |
| Revenue (₹ Cr) | 21.58 | 31.45 | 26.63 | 24.83 |
| Profit After Tax (₹ Cr) | 2.49 | 3.56 | 1.99 | 0.79 |
| Net Worth (₹ Cr) | 10.93 | 3.21 | -0.35 | -2.34 |
| Reserves & Surplus (₹ Cr) | 2.78 | 3.06 | -0.50 | -2.49 |
| Total Borrowings (₹ Cr) | 0.39 | 1.19 | 3.80 | 5.55 |
Voler Car IPO Valuation
| KPI | Values |
|---|---|
| ROE: | 422.13% |
| ROCE: | 132.01% |
| EBITDA Margin: | 18.64% |
| PAT Margin: | 13.49% |
| Debt to equity ratio: | 0.39 |
| Earning Per Share (EPS): | ₹5.51 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 135.70% |
| Net Asset Value (NAV): | ₹4.06 |
Objects of the Issue
- Funding working capital requirements of the Company
- General Corporate Purposes.
- IPO Issue expenses
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Wise Travel India Limited | 12.79 | 21.82 | 15.62% | 62.45 | 414.09 Cr. |
| Shree OSFM E-Mobility Limited | 7.02 | 24.10 | 15.24% | 14.33 | 249.60 Cr. |
Voler Car IPO Review
- Canara Bank –
- DRChoksey FinServ –
- Ventura Securities –
- Geojit –
- Reliance Securities –
- Capital Market –
- BP Wealth –
- ICICIdirect –
- Choice Broking –
- Emkay Global –
- Hem Securities –
- IDBI Capital –
- Marwadi Shares –
- Nirmal Bang –
- SBICAP Securities –
- Sharekhan –
- SMC Global –
- Sushil Finance –
- Swastika Investmar
Voler Car IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: volercar.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers aka Merchant Bankers
- GYR Capital Advisors Private Limited
Company Address
Voler Car Limited
22 Burtolla Street,
4th Floor,
Kolkata – 700007
Phone: +91 9147359888
Email: compliance@volercars.com
Website: https://volercars.com/
Voler Car IPO FAQs
What are the Voler Car IPO opening and closing dates?
The Voler Car IPO opens on February 12, 2025, and closes on February 14, 2025.
What is the Voler Car IPO price band?
The IPO price band is set between ₹85 to ₹90 per share.
What is the lot size for Voler Car IPO?
Investors can apply for a minimum of 1,600 shares per lot.
How much is the minimum investment for retail investors?
Retail investors need to invest a minimum of ₹1,44,000 for one lot.
When will the Voler Car IPO allotment be finalized?
The allotment is expected to be finalized on February 17, 2025.
When is the Voler Car IPO listing date?
The IPO is scheduled to list on NSE SME on February 19, 2025.
What is the total issue size of Voler Car IPO?
The IPO consists of a fresh issue of 30,00,000 shares, aggregating to ₹27.00 crore.
Where will Voler Car IPO be listed?
The IPO will be listed on NSE SME.
How is Voler Car Limited performing financially?
The company reported a revenue of ₹31.45 crore in FY 2023-24, with a profit after tax of ₹3.56 crore.
Should investors apply for the Voler Car IPO?
Considering the company’s consistent revenue growth, asset-light model, and profitability, it may be a good option for long-term investment.
