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Voler Car Limited

Voler Car Limited is launching its IPO through a book-building process to raise ₹27.00 crore via a fresh issue of 0.30 crore shares. The IPO price is fixed at ₹90 per share, and the company is offering investors a chance to participate in its growth by subscribing to its shares. The issue is aimed at both retail and high-net-worth investors.

Investors can apply for a minimum of 1,600 shares, with applications required in multiples of 1,600 shares. This translates to a minimum investment of ₹1,44,000 for retail investors. High-net-worth individuals (HNIs) are required to bid for a minimum of 2 lots (3,200 shares), amounting to ₹2,88,000 at the upper price band.

The IPO bidding period was open from February 12 to February 14, 2025, and the allotment of shares was finalized on February 17, 2025. The shares are listed on NSE SME from February 19, 2025, providing investors with an opportunity to trade them on the exchange shortly after allotment.

GYR Capital Advisors Pvt. Ltd. is the book running lead manager for the issue, while Kfin Technologies Ltd. serves as the registrar. The company has also appointed Wiinance Financial Services Pvt. Ltd. as its market maker to support liquidity in the shares post-listing.

Voler Car Limited IPO & Charts
₹90

0%

Open

₹90

HIgh - Low

₹90

Previous Close

₹90

Total Traded Value

0

52 Weeks High

₹90

52 Weeks Low

₹90

Updates On

Feb 5, 2025

IPO. Open

Feb 12, 2026

IPO. Close

Feb 14, 2026

IPO. Price

₹90.00

IPO Market price

₹100.29 Cr

IPO Details

IPO Date 19 Feb
IPO Listing Date 19 Feb
IPO Face Value ₹10 per share
IPO Price Range ₹90.00
IPO Issue Size 30,00,000 shares
IPO Sale Type Fresh Capital
Employee Discount -
IPO Issue Type Bookbuilding IPO
IPO Listing NSE SME Platform
Share Holding Pre Issue 81,43,527 shares

IPO Timeline

IPO Open Date 12 Feb
IPO Close Date 14 Feb
IPO Allotment (Tentative) 17 Feb
Refunds 18 Feb
Credit to Demat Account 18 Feb
IPO Listing Date 19 Feb

IPO Reservation

Category Offer
QIB Shares Offered 13,90,400 Shares
NII (HNI) Shares Offered 4,19,200 Shares
Retail Shares Offered 9,77,600 Shares

IPO Lot Size

Investors can bid for a minimum of 1,600 shares, and applications must be in multiples of 1,600 shares.

Application Lots Share Amount
Retail (Min) 1 1,600 ₹1,44,000
Retail (Max) 1 1,600 ₹1,44,000
S-HNI (Min) 2 3,200 ₹2,88,000
S-HNI (Max) - - -
B-HNI (Min) - - -
About Company

Incorporated in 2010, Voler Cars Limited provides reliable and efficient Employee Transportation Services (ETS) to large multinational corporations and corporate clients. The company specializes in home-to-office transportation, offering 24/7 customer service and managing a fleet of over 2,500 vehicles, including cars, SUVs, electric vehicles, buses, and tempo travellers.

In FY 2023-24, Voler Cars completed approximately 3,23,550 trips, averaging over 884 trips daily. The company operates in Kolkata, Mumbai, Pune, Bhubaneswar, Delhi-NCR, and Ahmedabad, providing corporate transportation using a mix of vendor-sourced and leased vehicles to ensure timely pick-ups and drop-offs in line with service level agreements (SLAs).

Voler Cars integrates GPS tracking and third-party technology to manage corporate travel, including reservations, tracking, incident response, and SLA compliance through a unified system.

As of December 31, 2024, the company employed 774 people.

Competitive Strengths

Long-standing customer relationships with corporate clients

Established brand reputation built on operational excellence

Asset-light, scalable business model

Experienced promoters supported by a strong management and execution team

Focus on quality assurance to maintain high service standards

-

Company Financials (Consolidated)

Assets 18.33 10.99 11.9
Total Income 21.58 31.45 26.63
Profit After Tax 2.49 3.56 1.99
EBITDA - - -
NET Worth 10.93 3.21 -0.35
Reserves and Surplus 2.78 3.06 -0.5
Total Borrowing 0.39 1.19 3.8

Key Performance Indicator (KPI)

ROE 249.01%
ROCE 123.06%
Debt/Equity 0.37
RoNW 110.91%
PAT Margin 11.53%
EBITDA Margin -
Price to Book Value 22.17
IPO Objective

IPO Objects of the Issue

S.No. Objects of the ipo Resources Detail IPO Amount
1 Funding capital expenditure requirements for the purchase of equipment/machineries -
2 To meet out the expenses of Working Capital Requirement 20.38
3 To meet out the General Corporate Purposes; 3.65
4 Offer for Sale (OFS) -

Contact Details

Voler Car Ltd. Address
22 Burtolla Street,
4th Floor,
Kolkata, West Bengal, 700007
+91 9147359888
compliance@volercars.com

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Detail Registrar

IPO Registrar

Kfin Technologies Ltd.
04067162222, 04079611000
volercar.ipo@kfintech.com
https://ipostatus.kfintech.com/

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