IPO

Voler Car Limited IPO

NSE SME

Listed On: Feb 19, 2025 at ₹ 90.0

₹ 288000 /3200 Shares
*Min Investment

Check Allotment

12 Feb, 2025

Open Date

14 Feb, 2025

Close Date

17 Feb, 2025

Allotment Date

19 Feb, 2025

Listing Date
Voler Car IPO Issue Details
  • Issue Price ₹85-90 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 30,00,000 shares(aggregating up to ₹27 crore)
  • Fresh Share 30,00,000 shares(aggregating up to ₹27 crore)
  • Listing at NSE SME
  • List Price 90.0
  • Listing Date 2025-02-19
  • Lead Manager GYR Capital Advisors Private Limited
  • Registrar Kfin Technologies Limited
Market Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (min) 1 1600 ₹1,44,000
Retail(max) 1 1600 ₹1,44,000
NII (min) 2 3,200 ₹2,88,000
Voler Car IPO Reservation

Voler Car IPO offers total 30,00,000 shares. Out of which 5,56,800 (18.56%) allocated to QIB, 4,19,200 (13.97%) allocated to NII,9,77,600 (32.59%) allocated to RII, NA (NA%) allocated to employees and 8,33,600 (27.79%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 8,33,600 (27.79%)
Market Maker Shares Offered 2,12,800 (7.09%)
QIB 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%)
Voler Car IPO Documents
DRHP
RHP
Voler Car IPO Details


Voler Car Limited IPO is an SME IPO, priced at ₹85-90 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 30,00,000 equity shares, aggregating up to ₹27 crores..

The IPO bidding window is open from Feb 12, 2025 to Feb 14, 2025. The allotment is expected to be finalized on Feb 17, 2025, and the tentative listing date is Feb 19, 2025.

The minimum lot size for Retail investors is 1600 shares, with a minimum investment of ₹1,44,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,88,000.

GYR Capital Advisors Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and Wiinance Financial Services Private Limited will act as the market maker for this issue.

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Voler Car IPO Subscription Analysis And Details
Retail
13.94x
Total
13.73x
As on QIB / NII Retail Total
Shares Offered / Reserved 5,56,800 / 4,19,200 9,77,600 19,53,600
Day 1 12-02-25 06:00 PM
0.00 / 0.97 x 1.38 x 0.90 x
Day 2 13-02-25 06:00 PM
3.51 / 0.89 x 4.34 x 3.36 x
Day 3 14-02-25 06:00 PM
9.34 / 19.06 x 13.94 x 13.73 x
Total No of Applications
9,052
Voler Car Valuations
EPS Pre IPO ₹5.12/-
EPS Post IPO ₹3.74/-
P/E Pre IPO 17.59
P/E Post IPO 24.07
ROE 4.22%
ROCE 132.01%
Debt/Equity 0.39
RoNW 135.70%
PAT Margin 13.49
Price to Book Value 22.17
Voler Car Company Financials
In Crs.
In Cr.
31-Mar-24 31-Mar-23 31-Mar-22
Assets 10.46 11.15 11.36
Revenue 31.45 26.63 24.83
Profit After Tax 4.17 2.02 0.93
Net Worth 3.07 -1.1 -3.11
Reserves & Surplus 2.92 -1.24 -3.26
Total Borrowing 1.19 3.8 5.55
About Voler Car Company

Voler Cars Limited has been incorporated in the year 2010 with the business of providing reliable and efficient employee transportation services to big MNC's and corporate clients.

The Company provides home to office transportation in a comprehensive way with 24/7 customer service, Dedicated teams, over 2,000 vehicles include cars, SUVs, Electric vehicles, Buses, tempo travelers, and many more.

In FY 2023-24, The company has performed around 323,550 trips with an average of over 884 trips a day.

The company offers corporate transportation across Kolkata, Mumbai, Pune, Bhubaneshwar, Delhi-NCR, and Ahmedabad with vendor-sourced and leased vehicles while ensuring timely pick-ups and drop-offs per the service level agreement.

The company integrates GPS tracking with third-party technology to handle corporate travel for reservations, tracking, incident response, and SLAs for its clients through one system.

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Voler Car - Promoter(s)

Mr. Vikas Parasrampuria

Mr. Pawan Parasrampuria

Pre Issue Share Holding : 92.88%

Post Issue Share Holding : %

Voler Car IPO - Issue Objectives
1

Funding working capital requirements of the Company

2

General Corporate Purposes.

3

IPO Issue expenses

Voler Car IPO - Peers Comparison
Company Name EPS (Basic) EPS (Diluted) NAV (per share) (Rs) P/E (x) RoNW (%) P/BV Ratio Financial statements
Voler Car Limited 5.51 5.51 4.25 N/A 135.7 22.5 Standalone
Wise Travel India Limited 12.79 12.79 62.45 14.07 15.62 2.9 Standalone
Shree Osfm E-mobility Limited 7.02 7.02 14.33 16.77 15.24 8.36 Standalone

Notes:

  1. The P/E Ratio has been computed based on the closing market price of equity shares on January 27, 2025, divided by the Diluted EPS.
  2. Return on Net Worth (RoNW) is computed as net profit after tax divided by the closing net worth.
  3. Net Asset Value (NAV) per share is calculated as net worth at the end of the relevant year divided by the weighted average number of equity shares outstanding at the end of the year.
Contact Details

Voler Car

22 Burtolla Street, 4th Floor, Kolkata - 700007

+91 9147359888

compliance@volercars.com

https://volercars.com/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

volercar.ipo@kfintech.com

https://kosmic.kfintech.com/ipostatus/