Voler Car IPO - Day 3 Subscription at 5.75 Times

Voler Car's initial public offering (IPO) has demonstrated remarkable investor interest throughout its three-day subscription period. The ₹27 crore IPO has witnessed substantial growth in demand, with subscription rates progressing from 0.90 times on day one, strengthening to 3.36 times on day two, and reaching an impressive 5.75 times by 11:45 AM on the final day, showing strong investor confidence across categories.

Voler Car IPO has already secured a solid foundation by raising ₹7.50 crores from anchor investors, and this momentum has continued with robust participation across investor segments. The retail portion has shown exceptional interest with 6.96 times subscription, while the Non-Institutional Investors (NII) have demonstrated strong confidence with 5.88 times subscription, and the QIB portion maintains steady participation at 3.51 times.

Voler Car IPO’s employee transportation services provider has been particularly strong in the retail segment, with 4,255 applications received, reflecting significant individual investor interest. The total bid amount has reached ₹101.03 crores against the issue size of ₹27 crores, demonstrating substantial oversubscription across all investor categories.
 

Subscription Status of Voler Car IPO:

Here are the subscription details for Voler Car IPO as of Day 3 (February 14, 2025, 11:45 AM):

Note:
 

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The portions of anchor investors and market maker are not included in the total shares offered.

Voler Car IPO - Day 3 Subscription

Key Highlights:

• Overall subscription reached impressive 5.75 times showing strong investor confidence
• Retail investors leading with robust 6.96 times subscription
• NII segment showing strong interest at 5.88 times
• QIB portion maintaining steady 3.51 times subscription
• Total applications reaching 4,468 demonstrating broad retail participation
• Cumulative bid amount exceeding ₹101.03 crores
• Strong retail momentum with 68.08 lakh shares bid
• NII segment showing significant improvement from previous day
• All investor categories displaying substantial interest
• Final day witnessing accelerated subscription momentum
• Market response indicating strong confidence in business model
• Balanced participation across investor categories
• Total subscription reflecting positive market sentiment
• Significant oversubscription across all segments

Voler Car IPO - Day 2 Subscription at 3.36 Times

Key Highlights:

• Overall subscription improved substantially to 3.36 times
• Retail investors showing strong interest at 4.34 times
• QIB portion reaching 3.51 times subscription
• NII segment maintaining steady participation at 0.89 times
• Day two witnessing significant momentum buildup
• Strong institutional participation emerging
• Market response indicating growing confidence
• Subscription trends showing positive momentum
• Balanced participation from diverse investors
• Total applications demonstrating growing interest
• Day two establishing strong subscription trajectory
• Institutional backing providing stability
• Retail segment showing robust demand
• Overall response indicating successful offering

Voler Car IPO - Day 1 Subscription at 0.90 Times

Key Highlights:

• Overall subscription opened at 0.90 times showing promising start
• Retail investors beginning well at 1.38 times
• NII segment showing early interest at 0.97 times
• QIB portion awaiting participation
• Opening day demonstrating good response
• Initial momentum indicating market confidence
• Strong retail participation from start
• First day setting positive foundation
• Market response suggesting healthy demand
• Early subscription reflecting investor interest
• Day one establishing strong baseline
• Initial response indicating positive sentiment
• Balanced participation in early trading
• Opening momentum building steadily

About Voler Car Limited

Voler Car Limited, established in 2010, has emerged as a significant player in the employee transportation services (ETS) sector, specializing in providing comprehensive corporate mobility solutions. With a robust presence across major metropolitan cities including Kolkata, Mumbai, Pune, Bhubaneshwar, Delhi-NCR, and Ahmedabad, the company has built a sophisticated operation managing over 2,500 vehicles including cars, SUVs, electric vehicles, buses, and tempo travellers.

Their business model demonstrates impressive operational efficiency, completing approximately 323,550 trips in FY 2023-24, averaging over 884 visits daily. The company operates on an asset-light model, combining vendor-sourced and leased vehicles to ensure optimal resource utilization while maintaining high service standards. Their technological integration includes GPS tracking and third-party systems for comprehensive travel management, enabling real-time monitoring and efficient service delivery according to client SLAs.

Their financial performance shows consistent growth with revenue increasing from ₹26.63 crores in FY2023 to ₹31.45 crores in FY2024, while profit after tax rose significantly from ₹1.99 crores to ₹3.56 crores. For the six months ended September 30, 2024, the company has already reported revenue of ₹21.58 crores with a strong PAT of ₹2.49 crores, demonstrating robust operational efficiency and profitability in the corporate transportation sector.

Their competitive strengths include:

• Established long-term customer relationships with major MNCs
• Strong brand reputation built through operational excellence
• Asset-light business model reducing capital requirements
• Experienced management team with deep industry expertise
• Scalable operations across multiple cities
• Comprehensive quality assurance systems
• Advanced technological integration
• Pan-India operational presence
• Strong service delivery track record
• Efficient resource management
   

Highlights of the Voler Car IPO:

• IPO type: Book Built Issue SME IPO
• IPO size: ₹27.00 crores
• Fresh Issue: 30.00 lakh shares
• Face value: ₹10 per share
• Issue price: ₹90 per share
• Lot size: 1,600 shares
• Minimum investment for retail investors: ₹1,44,000
• Minimum investment for HNI: ₹2,88,000 (2 lots)
• Market maker reservation: 2,12,800 shares
• Listing at: NSE SME
• IPO opens: February 12, 2025
• IPO closes: February 14, 2025
• Allotment date: February 17, 2025
• Refund initiation: February 18, 2025
• Credit of shares: February 18, 2025
• Listing date: February 19, 2025
• Lead Manager: GYR Capital Advisors Private Limited
• Registrar: Kfin Technologies Limited
• Market Maker: Wiinance Financial Services Private Limited