IPO Issue Details
Issue Price / Price Band₹90 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size30,00,000 shares (aggregating up to ₹27.00 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenWed, 12 Feb 2025
Subscription CloseFri, 14 Feb 2025
Anchor AllotmentTue, 11 Feb 2025
Basis of AllotmentMon, 17 Feb 2025
Initiation of RefundsTue, 18 Feb 2025
Credit of Shares to DematTue, 18 Feb 2025
Listing DateWed, 19 Feb 2025
UPI Mandate Deadline2025-02-14
Application & Investment Details
Retail — Min (1 Lots)₹1,44,000 — 1,600 shares
Retail — Max (13 Lots)₹1,872,000 (13 Lots)
HNI — Min (2 Lots)₹2,88,000 — 3,200 shares
EPS (Pre-IPO)₹4.38
EPS (Post-IPO)₹4.46
P/E Ratio (Pre-IPO)20.57x
P/E Ratio (Post-IPO)20.17x
Net Offer to Public27,87,200 shares (aggregating up to ₹25.08 Cr)
Reserved for Market Maker2,12,800 shares (aggregating up to ₹1.92 Cr)
Pre-IPO Promoter Holding81,43,527 shares
Post-IPO Promoter Holding1,11,43,527 shares
About Voler Car Ltd
Incorporated in 2010, Voler Cars Limited provides reliable and efficient employee transportation services (ETS) to large MNCs and corporate clients.The company offers comprehensive home-to-office transportation with 24/7 customer service, dedicated teams, and over 2,500 vehicles, including cars, SUVs, electric vehicles, buses, and tempo travellers.In FY 2023-24, the company completed approximately 3,23,550 trips, averaging over 884 visits 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.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 December 31, 2024, the company has 774 Employees.Competitive Strengths:Long-standing customer relationshipsAn established brand built over the years through operational excellenceAsset-light business modelExperienced Promoters supported by a management and execution teamScalable business modelQuality assurance of their service.
Objects of the Issue
Voler Car Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding working capital requirements of the Company
2
General Corporate Purposes.
Shareholding & Lock-in
Pre-IPO Promoter Holding
81,43,527 shares
Post-IPO Promoter Holding
1,11,43,527 shares