Voler Car Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,390,400 (46%) | — | ₹1,251 Cr |
| NII (HNI) | — | 419,200 (14%) | — | ₹377 Cr |
| Retail | — | 977,600 (33%) | — | ₹880 Cr |
| Market Maker | — | 212,800 (7%) | — | ₹19 Cr |
| Σ Total | — | 3,000,000 (100%) | — | ₹27,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹144,000 |
| Retail (Max) | 13 | 20,800 | ₹1,872,000 |
| S-HNI (Min) | 14 | 22,400 | ₹2,016,000 |
| B-HNI (Min) | 67 | 107,200 | ₹9,648,000 |
Financial Statements Amount in ₹ Crores
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 22 | 31 | 27 |
| Profit After Tax | 2 | 4 | 2 |
| Net Worth | 11 | 3 | 0 |
| Total Assets | 18 | 11 | 12 |
| Reserves & Surplus | 3 | 3 | -1 |
| Total Borrowing | 0 | 1 | 4 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding working capital requirements of the Company –
- General Corporate Purposes. –
- IPO Issue expenses –
Company Overview
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 relationships
- An established brand built over the years through operational excellence
- Asset-light business model
- Experienced Promoters supported by a management and execution team
- Scalable business model
- Quality assurance of their service.