Voler Car Ltd IPO Date, Price, GMP Review Details; Voler Car IPO is a book built issue of Rs 27.00 crores. The issue is entirely a fresh issue of 30.00 lakh shares.
Voler Car IPO bidding opened for subscription on February 12, 2025 and will close on February 14, 2025. The allotment for the Voler Car IPO is expected to be finalized on Monday, February 17, 2025. Voler Car IPO will be list on NSE SME with a tentative listing date fixed as Wednesday, February 19, 2025.
Voler Car IPO price band is set at ₹85 to ₹90 per share. The minimum lot size for an application is 1600. The minimum amount of investment required by retail investors is ₹1,36,000. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,44,000.The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹2,88,000.
GYR Capital Advisors Private Limited is the book-running lead manager of the Voler Car IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Voler Car IPO is Wiinance Financial Services Private Limited. Stay tuned with IPO Wheel to get more details about Voler Car Ltd IPO Date, Price, GMP Review Details including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
Voler Car Ltd IPO Overview
| IPO Details | Information |
|---|---|
| Company Name | Voler Car Limited |
| IPO Date | February 12, 2025 – February 14, 2025 |
| Listing Date | To be announced |
| Face Value | ₹10 per share |
| Issue Price Band | ₹85 – ₹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) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Pre-Issue Shareholding | 81,43,527 shares |
| Post-Issue Shareholding | 1,11,43,527 shares |
| Market Maker Portion | 2,12,800 shares |
Voler Car IPO GMP (Grey Market Premium) Trend
| Date | IPO GMP | GMP Trend | Kostak | Subject to |
|---|---|---|---|---|
| 12 February | ₹11 | IPO GMP UP | ₹- | ₹10,000 |
| 11 February | ₹11 | IPO GMP UP | ₹- | ₹10,000 |
| 10 February | ₹11 | IPO GMP UP | ₹- | ₹10,000 |
| 8 February | ₹11 | IPO GMP UP | ₹- | ₹10,000 |
| 7 February | ₹10 | IPO GMP UP | ₹- | ₹10,000 |
| 6 February | ₹- | – | ₹- | ₹- |
Voler Car IPO Lot Size & Investment Details
| Application Type | 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 |
Since the lot size is 1,600 shares, retail investors can apply for only one lot, while HNIs must apply for at least two lots (3,200 shares).
Voler Car IPO Financial Information (Restated) (₹ in Crores)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| 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 Borrowing (₹ Cr) | 0.39 | 1.19 | 3.80 | 5.55 |
- Revenue Growth: The company’s revenue has been fluctuating but shows an increasing trend.
- Profitability: Profit After Tax (PAT) has significantly improved over the years.
- Net Worth Turnaround: The company has shifted from negative net worth in FY22 & FY23 to positive in FY24.
- Debt Reduction: Borrowings have reduced significantly, indicating improved financial health.
Voler Car IPO Peer Comparison
| Company | Total Income (₹ in Lakhs) | Face Value per Share (₹) | P/E Ratio | EPS (₹) | RoNW (%) | NAV per Share (₹) |
|---|---|---|---|---|---|---|
| Voler Car Limited | 3,145.15 | 10 | – | 5.51 | 135.70 | 4.06 |
| Wise Travel India Limited | 41,408.65 | 10 | 21.82 | 12.79 | 15.62 | 62.45 |
| Shree OSFM E-Mobility Ltd | 24,959.87 | 10 | 24.10 | 7.02 | 15.24 | 14.33 |
- Revenue Scale: Voler Car has significantly lower revenue compared to its peers.
- EPS (Earnings Per Share): Voler Car has a moderate EPS at ₹5.51, lower than Wise Travel India.
- Return on Net Worth (RoNW): Voler Car’s 135.70% is notably high, but this may be due to its historically low net worth.
- P/E Ratio Not Available: Since Voler Car’s IPO price is not yet linked to its earnings, the P/E ratio is missing.
- NAV Per Share: Voler Car’s ₹4.06 is much lower than its competitors, indicating a lower book value.
Read it Also – Quality Power Electrical IPO Date, Price, GMP Review Details
About Voler Car Limited Company
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.
- Founded in – 2010
- Managing Director – Mr. Pawan Parasrampuria
What is the issue size of Voler Car Limited IPO?
The issue size of the Voler Car Limited IPO is 270000000.0
What is the allotment date for the Voler Car Limited IPO?
Voler Car Ltd IPO allotment date is 17 Feb ’25. For Voler Car IPO allotment status check, you can visit the website of the registrar of the IPO.
Who is the registrar of Voler Car Limited IPO?
For Voler Car Limited, the IPO registrar is KFin Technologies Ltd. You can check Quality Power Electrical Equipments Ltd IPO allotment status on the website of the registrar.
Where is the Voler Car Limited IPO getting listed?
The shares are proposed to be listed on the NSE-SME.
Mukesh Thakur is a prolific writer with over a decade of professional experience. A person of wide interests, he found his true calling in the field of investing and specifically the stock market. He has an amazing skill of presenting the most complex financial concepts (and there is no shortage of complexity in investing) in simple language and terms.