The Voler Car IPO is set to open for subscription on February 12, 2025, and will close on February 14, 2025. This Book Built Issue IPO aims to raise approximately ₹27.00 crores, comprising a fresh issue of ₹27.00 crores and an offer for sale (OFS) of up to [.] equity shares with a face value of ₹10 each.
Voler Car IPO Price Band & Market Quota
- Price Band: ₹85 to ₹90 per share
- Retail Investor Quota: 35%
- Qualified Institutional Buyers (QIB): 50%
- High Net-Worth Individuals (HNI): 15%
- Listing Exchange: NSE
- IPO Listing Date: February 19, 2025
- Allotment Date: February 17, 2025
Voler Car IPO Financial Performance
Voler Car has shown strong financial growth over the past year:
- Revenue in 2024: ₹31.45 crores (compared to ₹26.63 crores in 2023)
- Profit in 2024: ₹4.17 crores (compared to ₹2.02 crores in 2023)
Voler Car IPO Date & Price Band Details
| Category | Details |
|---|---|
| IPO Open Date: | February 12, 2025 |
| IPO Close Date: | February 14, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹85 to ₹90 Per Share |
| Issue Size: | Approx ₹27.00 Crores |
| Fresh Issue: | Approx ₹27.00 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Voler Car: Company Overview, Strengths, and Risks
Voler Car Limited is a leading provider of employee transportation services (ETS) in India. Established in 2010, the company offers comprehensive and reliable transportation solutions to IT/ITeS companies, large corporates, and multinational clients across major cities. With a fleet of over 2,500 vehicles, including electric cars, sedans, SUVs, buses, and tempo travelers, Voler Car manages approximately 1,183 trips per day on average. The company operates on an asset-light business model, relying heavily on vendor-sourced vehicles, which allows for flexibility and scalability.
Strengths:
- Strong presence in key markets: Voler Car operates in nine major cities across India, including Kolkata, Mumbai, Pune, Delhi-NCR, Ahmedabad, Lucknow, Bhubaneshwar, Jaipur, and Ludhiana. This widespread presence provides a competitive advantage and allows the company to cater to a large client base.
- Asset-light business model: The company’s reliance on vendor-sourced vehicles enables it to optimize seat utilization, expand its reach, and maintain high service standards without incurring heavy capital expenditures.
- Focus on technology and safety: Voler Car integrates advanced technology into its operations, including GPS tracking systems and seamless technology solutions, to optimize logistics and ensure operational efficiency. The company also prioritizes safety, with a strict policy of not dropping off female passengers last and providing escorts when needed.
- Experienced leadership team: The company is led by experienced professionals with a proven track record in the corporate and travel service industry. Their expertise and strategic vision have been instrumental in driving the company’s growth and success.
- Strong client relationships: Voler Car’s commitment to customer care and high-quality service has helped it build strong relationships with clients, resulting in high client retention and revenue growth.
Risks:
- Competition: The employee transportation services market is highly competitive, with the presence of other established players and new entrants. This competition could put pressure on pricing and profitability.
- Dependence on vendors: The asset-light model relies heavily on vendor-sourced vehicles. Any issues with vendor relationships, such as supply shortages or quality concerns, could impact the company’s operations.
- Regulatory changes: The transportation industry is subject to various regulations, and any changes in these regulations could affect the company’s business operations and profitability.
- Economic conditions: Economic downturns or slowdowns could lead to reduced corporate spending on employee transportation, impacting the demand for Voler Car’s services.
- Technological disruptions: Rapid advancements in technology could render existing systems obsolete or require significant investments to upgrade, posing a risk to the company’s competitiveness.
Overall:
Voler Car has established itself as a reputable and reliable provider of employee transportation services in India. The company’s strengths, including its strong market presence, asset-light business model, and focus on technology and safety, position it well for continued growth. However, the company also faces certain risks, such as competition, dependence on vendors, and regulatory changes, which need to be carefully managed.
Voler Car IPO Market Lot
Voler Car IPO has set its minimum market lot at 1,600 shares, requiring an application amount of ₹1,44,000. Investors looking to subscribe must apply in multiples of this lot size. Stay updated with the latest insights on Voler Car IPO to make informed investment decisions.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1,600 | ₹1,44,000 |
| Retail Maximum | 1 | 1,600 | ₹1,44,000 |
| S-HNI Minimum | 2 | 3,200 | ₹2,88,000 |
Voler Car IPO Allotment & Listing Dates
The Voler Car IPO is set to open for subscription on February 12, 2025, and will close on February 14, 2025. Investors eagerly awaiting the Voler Car IPO allotment can expect finalization on February 17, 2025, with the IPO listing date scheduled for February 19, 2025. Stay updated with the latest insights on Voler Car IPO to make informed investment decisions.
| Type | Date |
|---|---|
| IPO Open Date: | February 12, 2025 |
| IPO Close Date: | February 14, 2025 |
| Basis of Allotment: | February 17, 2025 |
| Refunds: | February 18, 2025 |
| Credit to Demat Account: | February 18, 2025 |
| IPO Listing Date: | February 19, 2025 |
Voler Car IPO: Promoters
The Voler Car IPO is backed by its esteemed promoters, Mr. Vikas Parasrampuria and Mr. Pawan Parasrampuria, who bring extensive industry expertise and leadership.
Voler Car IPO Company Financial Report
The Voler Car IPO is backed by impressive financial performance. In 2024, the company reported a revenue of ₹31.45 crores, marking a significant rise from ₹26.63 crores in 2023. Similarly, the net profit surged to ₹4.17 crores in 2024, compared to ₹2.02 crores in the previous year, showcasing strong growth and profitability.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 2022 | ₹24.83 | ₹23.54 | ₹0.93 | ₹11.36 |
| 2023 | ₹26.63 | ₹23.87 | ₹2.02 | ₹11.15 |
| 2024 | ₹31.45 | ₹26.34 | ₹4.17 | ₹10.46 |
Voler Car IPO Valuation – FY2024
| KPI | Values |
|---|---|
| ROE: | 422.13% |
| ROCE: | 132.01% |
| EBITDA Margin: | 18.64% |
| PAT Margin: | 13.49% |
| Debt to equity ratio: | 0.39 |
| Earning Per Share (EPS): | ₹5.51 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 135.70% |
| Net Asset Value (NAV): | ₹4.06 |
Voler Car Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Wise Travel India Limited | 12.79 | 21.82 | 15.62% | 62.45 | 414.09 Cr. |
| Shree OSFM E-Mobility Limited | 7.02 | 24.10 | 15.24% | 14.33 | 249.60 Cr. |
Voler Car IPO: Key Objectives
The Voler Car IPO is being launched with specific financial objectives aimed at strengthening the company’s growth and operational efficiency. The key purposes of the IPO include:
- Funding Working Capital Requirements – Ensuring smooth business operations and supporting the company’s expansion plans.
- General Corporate Purposes – Utilizing funds for strategic initiatives, business development, and enhancing overall financial stability.
- IPO Issue Expenses – Covering the costs associated with the public offering, including regulatory and administrative expenses.
With a focus on financial sustainability and growth, the Voler Car IPO presents an opportunity for investors looking to participate in the company’s journey. Stay updated on the latest IPO details, subscription dates, and investment insights to make informed decisions.
Voler Car IPO Review
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Voler Car IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: volercar.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Voler Car IPO Lead Managers aka Merchant Bankers
- GYR Capital Advisors Private Limited
Voler Car Company Address
Voler Car Limited
22 Burtolla Street,
4th Floor,
Kolkata – 700007
Phone: +91 9147359888
Email: compliance@volercars.com
Website: https://volercars.com/
Voler Car IPO FAQs
The Voler Car IPO is a Book Built Issue IPO that aims to raise approximately ₹27.00 crores, consisting of a fresh issue of ₹27.00 crores and an Offer for Sale (OFS).
IPO Open Date: February 12, 2025
IPO Close Date: February 14, 2025
Allotment Date: February 17, 2025
IPO Listing Date: February 19, 2025
The price band for the Voler Car IPO is set between ₹85 to ₹90 per share.
Retail investors can apply for a minimum lot of 1,600 shares, requiring an application amount of ₹1,44,000.
The Voler Car IPO will be listed on NSE SME.
The company plans to use the IPO proceeds for:
Funding Working Capital Requirements
General Corporate Purposes
Covering IPO Issue Expenses
Revenue in 2024: ₹31.45 crores (up from ₹26.63 crores in 2023)
Net Profit in 2024: ₹4.17 crores (up from ₹2.02 crores in 2023)
The IPO is backed by Mr. Vikas Parasrampuria and Mr. Pawan Parasrampuria, who bring significant industry expertise.
Some potential risks include:
Market competition in the employee transportation sector
Dependence on vendor-sourced vehicles
Regulatory changes affecting operations
You can check the IPO allotment status on the registrar’s website: KFin Technologies Limited at https://kosmic.kfintech.com/ipostatus/
Disclaimer: This information is for general knowledge and informational purposes only and does not constitute financial, investment, or other professional advice.
