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Voler Car IPO

  • Status: Closed
  • RHP:
  • ₹ 136,000 / 1600 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    19 Feb 2025

  • Listing Price

    ₹ 90.00

  • Listing Change

    0.00%

  • Last Traded Price

    ₹ 85.50

IPO Details

  • Bidding starts

    12 Feb 2025

  • Bidding ends

    14 Feb 2025

  • Listing

    19 Feb 2025

  • IPO Price Range

    ₹ 85 to ₹ 90

  • IPO Size

    ₹ 27.00 Cr

  • Listing Exchange

    NSE SME

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Timeline Subscription Status Financials SWOT FAQ Contacts

IPO Timeline

Voler Car IPO Subscription Status

Last Updated: 14 February 2025 6:28 PM by 5Paisa

Voler Car Ltd' ₹27.00 crore IPO comprises a fresh issue of 0.30 crore shares. The subscription opens on February 12, 2025, and closes on February 14, 2025. Voler Cars is engaged in the business of providing reliable and efficient employee transportation services (ETS) to large MNC's and corporate clients. The company offers comprehensive home-to-office transportation with 24/7 customer service, dedicated teams, and a fleet of over 2,500 vehicles, including cars, SUVs, electric vehicles, buses, and tempo travelers. In FY 2023-24, the company completed approximately 3,23,550 trips, averaging over 884 trips daily.

Established in: 2010
Managing Director: Mr. Pawan Parasrampuria

Peers

Wise Travel India Limited
Shree Osfm E-mobility Limited
 

Objectives

1. Funding working capital requirements of the Company
2. General Corporate Purposes.
3. IPO Issue expenses.
 

Voler Car IPO Size

Types Size
Total IPO Size ₹27.00 Cr.
Offer For Sale -
Fresh Issue ₹27.00 Cr.

 

Voler Car IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1600 136,000
Retail (Max) 1 1600 136,000
HNI (Min) 2 3200 272,000

Voler Car IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 9.34 5,56,800 52,03,200 46.83
NII (HNI) 18.56 4,19,200 77,79,200 70.01
Retail 13.94 9,77,600 1,36,27,200 122.64
Total** 13.62 19,53,600 2,66,09,600 239.49

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Voler Car IPO Anchor Allocation

Anchor Bid Date 11 February, 2025
Shares Offered 8,33,600
Anchor portion Size (In ₹ Cr.) 7.50
Anchor lock-in period end date for 50% shares (30 Days) 19 March, 2025
Anchor lock-in period end date for remaining shares (90 Days) 18 May, 2025

 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY23 FY24
Revenue 24.83 26.63 31.45
EBITDA 2.85 3.59 6.07
PAT 0.79 1.99 3.56
Particulars (in Rs. Crores) FY22 FY23 FY24
Total Assets 12.13 11.9 10.99
Share Capital 1.48 1.48 1.48
Total Borrowings 5.55 3.8 1.19
Particulars (in Rs. Crores) FY22 FY23 FY24
Net Cash Generated From / (used in) operating activities 3.78 2.03 3.03
Net Cash Generated From / (used in) investing activities -1.8 -0.8 -0.13
Net Cash Generated From / (used in) financing activities -3.6 -2.1 -2.3
Net Increase (Decrease) In Cash And Cash Equivalents 0.70 -0.12 0.05


Strengths

1. Long-standing customer relationships
2. Established brand built over years through operational excellence
3. Asset-light business model
4. Experienced Promoters supported by a management and execution team
5. Scalable business model
6. Quality assurance of their service.
 

Risks

1. Customer concentration’s revenue.
2. Business depends on relationships with vendors.
3. Directors and its Promoters are party to certain litigation and claims.
4. The company’s total assets have been declining over the years.
5. Borrowings have reduced but still pose a financial risk.
 

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FAQs

Voler Car IPO opens from 12 February 2025 to 14 February 2025.

The size of Voler Car IPO is ₹27.00 Cr.

The price of Voler Car IPO is fixed at ₹85 to ₹90 per share. 

To apply for Voler Car IPO, follow the steps given below:

● Login to your 5paisa account and select the issue in the current IPO section    
● Enter the number of lots and the price at which you wish to apply for the Voler Car  IPO.    
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Voler Car IPO is 1,600 shares and the investment required is ₹136,000

The share allotment date of Voler Car IPO is 17 February 2025

The Voler Car IPO will be listed on 19 February 2025.

GYR Capital Advisors Private Limited is the book running lead manager for Voler Car IPO.
 

Voler Car plans to utilise the raised capital from the IPO for:

1. Funding working capital requirements of the Company
2. General Corporate Purposes.
3. IPO Issue expenses.