Allotment

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.
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Updates On
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IPO Market price
| 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 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 |
| Category | Offer |
|---|---|
| QIB Shares Offered | 13,90,400 Shares |
| NII (HNI) Shares Offered | 4,19,200 Shares |
| Retail Shares Offered | 9,77,600 Shares |
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) | - | - | - |
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
| 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 |
| 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 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) | - |
Voler Car Ltd. Address
22 Burtolla Street,
4th Floor,
Kolkata, West Bengal, 700007
+91 9147359888
compliance@volercars.com
IPO Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
volercar.ipo@kfintech.com
https://ipostatus.kfintech.com/