Voler Car Limited
Bookbuilding IPO · NSE
- Price band
- ₹85 - ₹90
- Lot size
- 1,600 shares
- Issue amount
- ₹27 cr
- Total subscription
- 13.73×
- Opens
- 12 Feb 2025
- Closes
- 14 Feb 2025
- Allotment
- 17 Feb 2025
- Listing
- 19 Feb 2025
Offer at a glance
Issue overview
- Issue size
- 30,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,36,000
- Fresh issue
- ₹27 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,44,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 81,43,527
- Shares after issue
- 1,11,43,527
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,44,000 |
| HNI | 2 | 3,200 | ₹2,88,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | — | 7 |
| NIB | — | 528 |
| RETAIL | — | 8,517 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 5.01 | 46.83 |
| RETAIL | 8.8 | 122.64 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 3.05 | 4.71 | 2.63 |
| ROE | 35.16 | 249.01 | -147.93 |
| ROCE | 30.02 | 123.06 | 88.3 |
| RONW | 22.75 | 110.91 | -568.25 |
| PRE IPO(PE) | 0 | 20.57 | 0 |
| POST IPO(PE) | 20.17 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in 2010, Voler Cars Limited provides safe and reliable employee transportation solutions for multinational companies and corporate clients. The company operates a fleet of over 2,000 vehicles, including cars, SUVs, electric vehicles, buses, and tempo travelers, offering round-the-clock customer support and efficient service. In FY 2023-24, it completed around 323,550 trips, averaging 884 trips per day. Operating across major cities like Kolkata, Mumbai, Pune, Bhubaneshwar, Delhi-NCR, and Ahmedabad, Voler Cars ensures timely pick-ups and drop-offs through vendor-sourced and leased vehicles managed under strict SLAs. With GPS tracking and advanced technology, it enables smooth trip scheduling, real-time monitoring, and seamless corporate travel management.
Strengths
- Strong Customer Relationships – Trusted by major MNCs and corporate clients, ensuring consistent business and repeat partnerships.
- Reputable Brand & Reliable Operations – Earned a solid reputation through dependable service, on-time performance, and commitment to SLAs.
- Flexible, Asset-Light Model – Uses vendor-sourced and leased vehicles to keep costs low while allowing for easy scaling and adaptability.
Risk factors
- Reliance on Vendors – The business depends on third-party vehicle suppliers and chauffeurs, which can lead to potential disruptions or contract changes.
- Customer Concentration Risk – A large share of revenue comes from loyal customers, so losing key clients could impact stability.
- Revenue Dependence on Top Clients – The majority of earnings come from the top ten customers, making it important to maintain strong relationships with them.
Promoters
Mr. Vikas Parasrampuria
Mr. Pawan Parasrampuria
Objects of the issue
0
Registrar & documents
Lead manager
GYR Capital Advisors Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
22 Burtolla Street, 4th Floor, Kolkata - 700007
+91 9147359888
[email protected]Company website ↗Understanding VOLERCAR IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.