Voler Car Limited IPO Details
SME
Voler Car IPO opens for subscription on 12 Feb 2025 and closes on 14 Feb 2025. The IPO will be listed on NSE with the tentative listing date set for 19 Feb 2025.
Voler Car IPO price band has been fixed at ₹85 – ₹90 per share.The face value is ₹10 per share with a lot size of 1600.
Voler Car IPO total issue size comprises 30,00,000 shares (aggregating up to ₹27.00 Cr). This includes a fresh issue of 30,00,000 shares (aggregating up to ₹27.00 Cr). Pre-issue shareholding stands at 81,43,527, which will increase to 1,11,43,527 post-issue.
Voler Car IPO carries a ₹5 (5.6%) GMP, reflecting investor sentiment.
Voler Car IPO Lot Size : Retain Minimum is 1 lot (1,600 shares) amounting to ₹144,000. Retain Maximum is 1 lot (1,600 shares) amounting to ₹144,000. SHNI Minimum is 2 lots (3,200 shares) amounting to ₹288,000.
The Lead Managers for Voler Car IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is GYR Capital Advisors Private Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Wiinance Financial Services Private Limited, Giriraj Stock Broking. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Voler Car Limited RHP.
Voler Car IPO Details
Voler Car IPO Subscription
Voler Car IPO Application Wise Breakup
Voler Car IPO Dates
- 12 Feb 2025Opening dateOPD
- 14 Feb 2025Closing dateCOD
- 17 Feb 2025Allotment Date BOA
- 18 Feb 2025Initiation of RefundsIOR
- 18 Feb 2025Credit of SharesCOS
- 19 Feb 2025Listing dateLID
Voler Car IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 1600 | ₹144,000 |
| Retain Maximum | 1 | 1600 | ₹144,000 |
| SHNI Minimum | 2 | 3200 | ₹288,000 |
| SHNI Maximum | 0 | 0 | ₹ |
| BHNI Minimum | 0 | 0 | ₹ |
Voler Car IPO Reservation
Promoter Holding
Voler Car IPO Valuations
Voler Car Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 10.46 | 11.15 | 11.36 | |||||||||||||||||||||||||||
| Revenue | 31.45 | 26.63 | 24.83 | |||||||||||||||||||||||||||
| Profit After Tax | 4.17 | 2.02 | 0.93 | |||||||||||||||||||||||||||
| Net Worth | 3.07 | -1.1 | -3.11 | |||||||||||||||||||||||||||
| Reserves and Surplus | 2.92 | -1.24 | -3.26 | |||||||||||||||||||||||||||
| Total Borrowing | 1.19 | 3.8 | 5.55 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
About Voler Car IPO
Incorporated in 2010, Voler Cars Limited 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 2,000 vehicles, including cars, SUVs, electric vehicles, buses, and tempo travelers.
In FY 2023-24, the company completed approximately 323,550 trips, averaging over 884 trips daily.
The company operates in Kolkata, Mumbai, Pune, Bhubaneshwar, Delhi-NCR, and Ahmedabad, offering corporate transportation with vendor-sourced and leased vehicles, ensuring timely pick-ups and drop-offs per service level agreements (SLA).
The company integrates GPS tracking with third-party technology to manage corporate travel, handling reservations, tracking, incident response, and client SLAs through a unified system.
Services:
- Employee Transportation Services: The company offers Employee Transportation Services (ETS) in Kolkata, Mumbai, Pune, Bhubaneswar, Delhi-NCR, and Ahmedabad, ensuring reliable home-to-office transportation with 24/7 operations for corporate clients.
As of June 30, 2024, the company has 77 Employees.
Strength Of Voler Car IPO
1. Long-standing customer relationships.
2. Asset-light business model.
3. Quality assurance of our service.
4. Experienced Promoters supported by a management and execution team.
Risk Of Voler Car IPO
1. Its top ten customers contribute majority of the company revenues from operations. Any loss of business from one or more of them may adversely affect its revenues and profitability.
2. The company business depends on its relationships with vendors who supply vehicles and chauffeurs to it, and any adverse changes in such relationships, or its inability to enter into new relationships, could adversely affect the company business and results of operations.
3. The company has long standing relationships with some of its customers which also contribute significantly to the company revenue from operations. If one or more of such customers choose to terminate its contracts, the company business, financial condition and results of operations may be adversely affected.
4. The Company, its Directors and its Promoters are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various forums and regulatory authorities. Any adverse decision may make it liable to liabilities/penalties and may adversely affect its reputation, business and financial status.
5. The company has, in the past, defaulted in the repayment of certain debt and the interest upon such debt facilities.
6. The company generate a significant percentage of its revenue from operations from customers in Kolkata and Mumbai in India. If the company operations in these cities are negatively affected, its financial results and future prospects would be adversely impacted.
7. The company business is working capital intensive and its in constant requirement of cash flow for the company working capital requirements. If its experience insufficient cash flows to make required payments or fund working capital requirements, there may be an adverse effect on its results of operations.
8. Strong competition in the employee transportation service industry could decrease the market share and compel the company to either reduce the cost charged or increase the payments made to vendors. This may have an adverse impact on the enrolments, revenues and profitability.
9. The company has had negative cash flows from investing and financing activities in the past in some of the recent years.
10. The company success depends largely upon the knowledge and experience of its Promoters and other Key Managerial Personnel. Any loss of the company Promoters and key managerial personnel or its ability to attract and retain them could adversely affect the company business, operations and financial condition.
Objectives Voler Car IPO
- Funding working capital requirements of the Company
- General Corporate Purposes.
- IPO Issue expenses
Company Contact Details
Voler Car Limited
22 Burtolla Street,
4th Floor,
Kolkata - 700007
Phone: +91 9147359888
Email: compliance@volercars.com
Website: https://volercars.com/
Registrar Contact Details
Lead Mangers
Lead Manager Reports