Voler Car Limited launched its IPO from February 12 to February 14, 2025, with a price band of ₹85 to ₹90 per share. The company aimed to raise ₹27.00 crores through a fresh issue of 30.00 lakh shares. The IPO received a strong response, with an overall subscription of 8.94 times. The basis of allotment was finalized on February 17, 2025, and the stock is expected to list on the NSE SME platform on February 19, 2025. As of February 17, 2025, the Grey Market Premium (GMP) stood at ₹5, suggesting an estimated listing price of ₹95 per share, reflecting a potential gain of 5.56%.
About Voler Car Limited
Voler Car Limited is a transportation services provider specializing in Employee Transportation Services (ETS). The company serves IT/ITeS companies, large corporations, and multinational clients across multiple cities in India. With over 2,000 vehicles, Voler Car ensures seamless and reliable 24/7 transport services from home to office. In FY24, the company completed 3,23,550 trips, highlighting its operational efficiency and industry demand.
Voler Car Limited IPO Date & Issue Details
| Particulars | Details |
|---|---|
| IPO Open Date | February 12, 2025 |
| IPO Close Date | February 14, 2025 |
| Face Value | ₹10 per share |
| IPO Price Band | ₹85 – ₹90 per share |
| Issue Size | ₹27.00 crores |
| Fresh Issue | ₹27.00 crores |
| Lot Size | 1,600 shares |
| Minimum Investment | ₹1,44,000 |
| Listing Platform | NSE SME |
Voler Car IPO Subscription Details
The IPO witnessed a massive investor response, with an overall subscription of 8.94 times.
| Investor Category | Subscription |
| Retail Investors | 14 times |
| Non-Institutional Investors (NII) | 18.5 times |
| Total Subscription | 8.94 times |
Voler Car IPO GMP (Grey Market Premium) & Expected Listing Price
As of February 17, 2025, the Voler Car IPO GMP was reported at ₹5, indicating an estimated listing price of ₹95 per share. However, GMP is based on market speculation and does not guarantee listing performance.
Voler Car Limited IPO Review – Financial Performance
| Financial Year | Revenue (₹ Crores) | PAT (₹ Crores) |
| FY22 | 23.72 | 2.02 |
| FY23 | 26.63 | 4.17 |
| FY24 | 31.45 | 5.10 |
With consistent revenue growth and increasing profitability, Voler Car Limited has demonstrated strong financial performance, making it a promising investment opportunity.
Objectives of the Voler Car Limited IPO
The company plans to use the IPO proceeds for:
- Funding working capital requirements to expand operations.
- General corporate purposes to strengthen its market presence.
Should You Invest in Voler Car IPO?
Pros:
✔️ Strong market demand with 8.94 times subscription.
✔️ Steady revenue growth and increasing profitability.
✔️ Large operational fleet catering to top IT/ITeS firms.
✔️ Potential listing gains with ₹5 GMP (5.56% potential profit).
Cons:
❌ Listing on NSE SME, which may have lower liquidity.
❌ Highly competitive transportation sector.
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