Voler Car Ltd. was established on June 24, 2010. The company provides employee transportation services (ETS) to IT/ITeS, large corporates, and MNCs in major Indian cities, offering home-to-office transportation, 24/7 customer service, and a fleet of verified vehicles and drivers
| Bidding Dates |
|---|
| 12 Feb 2025 - 14 Feb 2025 |
| Subscription |
|---|
| 12.38x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,36,000 | 1 | 1 | 1600 | 3.0 M | ₹85 - ₹90 | 67.87 % | ₹255.0 M - ₹270.0 M | RHP DOC |
Voler Car IPO SUBSCRIPTION STATUS
14 Feb '25Voler Car IPO overall subscription rate was 12.38 times the total available shares
Voler Car IPO retail subscription rate was 17.97 times in the retail segment
Voler Car IPO non-institutional investor subscription rate was 24.59 times in the non-institutional investor category
Voler Car IPO Qualified Institutional Bidder subscription rate was 4.8 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
14 Feb 2025 (Day 3) | 17.97x | 24.59x | 4.8x |
13 Feb 2025 (Day 2) | 5.45x | 1.77x | 1.8x |
12 Feb 2025 (Day 1) | 1.7x | 1.25x | - |
Voler Car FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY25 | 24.9 | 215.0 | 0.6 | 0.2 | 16.0% |
| FY24 | 35.6 | 309.0 | 30.3 | 29.4 | 19.3% |
| FY23 | 19.9 | 239.6 | 20.3 | 19.4 | 13.5% |
| FY22 | 7.9 | 237.3 | 37.8 | 37.5 | 11.5% |
Voler Car IPO SUBSCRIPTION STATUS DETAILS
Voler Car had 3.0 M shares on offer
Voler Car IPO offer price was in the range ₹85 - ₹90
Voler Car IPO minimum Investment was ₹136000
Voler Car IPO issue size was ₹ 255.0 M - ₹ 270.0 M
Voler Car had a minimum lot size of 1600 Shares per application
Voler Car NUMBER OF SHARES ON OFFER
Voler Car IPO IMPORTANT DATES
| Issue Open Date | 12 Feb 2025 |
| Issue close Date | 14 Feb 2025 |
| Allotment Date | 17 Feb 2025 |
| Refund Date | 18 Feb 2025 |
| Demat Account Credit Date | 18 Feb 2025 |
| Listing Date | 19 Feb 2025 |
| Listing on Exchange(s) | NSE |
| Voler Car Allotment Status | Exchange |
Voler Car IPO subscription opened on 12 Feb 2025, and closed on 14 Feb 2025
IPO allotment for Voler Car was finalized on Monday, 17 Feb 2025
IPO listing for Voler Car was on NSE on Wednesday, 19 Feb 2025
Voler Car IPO LISTING GAINS
| Issue Price (adjusted) | 90.0 |
| Listing Open Price | 90.0 |
| Listing Close Price | 91.5 |
| Listing Gain% | 0.0% |
| Current Gain% | 144.4% |
Voler Car Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Voler Car Ltd. | 220 | 245.2 | 70.6 | -2.4 | 4.5 | 8.6 | 7.5 | 55.4 | 29 | 3.5 | -22.9 | 3.1 | -29.9 |
| BlackBuck Ltd. | 576.3 | 10497.3 | 62.2 | 0 | 14.7 | 11.3 | 9.2 | 714.6 | 54.5 | 160.3 | 1952.6 | 9.3 | 4749.2 |
| TVS Supply Chain Solutions Ltd. | 128.4 | 5666.2 | 87.5 | 3 | 0.5 | 5.6 | 1.6 | 11040.8 | 10.1 | 114.3 | 940.9 | 1.5 | 28.8 |
| Sanghvi Movers Ltd. | 511.4 | 4427.5 | 22.2 | 1.1 | 3.8 | 14.1 | 7.9 | 1099.6 | 33.6 | 184.3 | 17.7 | 23 | 19.8 |
| Kernex Microsystems (India) Ltd. | 2310.1 | 3881.8 | 43.9 | 0.6 | 9 | 35.6 | 9.6 | 432.5 | 126.2 | 88.3 | 75.8 | 52.6 | 75.8 |
| TIL Ltd. | 232.5 | 1846.5 | -60 | 0.1 | 5.7 | -27.7 | -4.5 | 337.4 | -1.7 | -30.8 | -1175.9 | -3.9 | -1175.9 |
Voler Car INFORMATION ON IPO ISSUE
About Voler Car
Voler Car Ltd. was established on June 24, 2010. The company provides employee transportation services (ETS) to IT/ITeS, large corporates, and MNCs in major Indian cities, offering home-to-office transportation, 24/7 customer service, and a fleet of verified vehicles and drivers
Object of the Issue
- Funding working capital requirements of the company
- General corporate purposes
- IPO issue expenses
Voler Car - PROMOTERS
| Name |
|---|
| Vikas Parasrampuria |
| Pawan Parasrampuria |
Voler Car Lead Manager of the Issue
GYR Capital Advisors Private Limited
info@gyrcapitaladvisors.com
Voler Car Registrar to the issue
KFin Technologies Limited
volercar.ipo@kfintech.com
Voler Car Strengths
Client relationship
The company has built strong relationships with clients, primarily in IT and BPO industries. Its focus on meeting long-term transportation needs, operational excellence, and high safety standards has helped retain existing customers and attract new ones
Asset-light business model
The company operates on an asset-light model, sourcing most vehicles from vendors. This strategy optimizes revenue, enhances mobility, and eliminates capital-intensive costs, improving scalability, flexibility, and profit margins
Quality assurance
The company emphasizes quality through strong customer relationships, driver training, and verification. With a dedicated team ensuring timely service, safety features like GPS tracking and panic buttons are in place, and women passengers are never dropped off last without an escort for added security
Voler Car Risks
Geographicallly concentrated
The company generates a significant portion of its revenue from Kolkata and Mumbai. Any negative impact on operations in these cities could adversely affect financial results and future prospects
Capital intensive
The business is working capital intensive and requires constant cash flow to meet its needs. Insufficient cash flow to cover payments or working capital could negatively impact operational results
Competition
Intense competition in the employee transportation service industry could reduce market share, forcing the company to lower charges or increase vendor payments, which may negatively affect enrollments, revenues, and profitability
IPO FAQs
The promoters of the company are Vikas Parasrampuria and Pawan Parasrampuria.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 85.0 - 90.0.
The IPO application opens on Feb 12, 2025 and closes on Feb 14, 2025.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 136,000.0, the maximum value for this IPO is Rs 144,000.0.
This IPO will be allotted on Feb 17, 2025.
The refund will be credited to your account on Feb 18, 2025.
The allotted shares will be credited to your demat on Feb 18, 2025.
Voler Car Ltd.’s shares listed on the stock exchanges on Feb 19, 2025.