Voler Cars Limited is engaged in the business of providing reliable and efficient employee transportation services (ETS) to large MNC’s and corporate clients.
The company offers comprehensive home-to-office transportation with 24/7 customer service, dedicated teams, and a fleet of over 2,500 vehicles, including cars, SUVs, electric vehicles, buses, and tempo travelers.
In FY 2023-24, the company completed approximately 3,23,550 trips, averaging over 884 trips 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’s Services:
- Employee Transportation Services: 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.
Voler Car IPO – Details
| IPO Opening Date | 12 February 2025 |
| IPO Closing Date | 14 February 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 30,00,000 Shares Worth ₹27.00 Crore Fresh Issue: 30,00,000 Shares Worth ₹27.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹85 – ₹90 per share |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Voler Car IPO – Date Schedule
| IPO Open Date | 12 February 2025 |
| IPO Close Date | 14 February 2025 |
| Basis of Allotment | 17 February 2025 |
| Initiation of Refund | 18 February 2025 |
| Credit of Shares to Demat Account | 18 February 2025 |
| IPO Listing Date | 19 February 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 14, 2025 |
Voler Car IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,44,000 |
| Retail (Max) | 1 | 1600 | ₹1,44,000 |
| HNI (Min) | 2 | 3200 | ₹2,88,000 |
Competitive Strengths
- Long-standing customer relationships.
- Established brand built over 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.
Company Promoters
- Mr. Vikas Parasrampuria
- Mr. Pawan Parasrampuria
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 24.82 | 23.53 | 0.78 | 5.55 |
| 31 March 2023 | 26.62 | 23.86 | 1.99 | 3.80 |
| 31 March 2024 | 31.45 | 26.34 | 3.56 | 1.19 |
| 30 September 2024 | 21.57 | 18.38 | 2.48 | 0.39 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 249.01% |
| ROCE | 123.06% |
| Debt/Equity | 0.37 |
| RoNW | 110.91% |
| PAT Margin | 11.53 |
| Price to Book Value | 22.17 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 4.38 | 4.46 |
| P/E (x) | 20.57 | 20.17 |
Object Of The Issue
- Funding working capital requirements of the Company.
- General Corporate Purposes.
- IPO Issue expenses.
Voler Car IPO Promoter Holding
| Pre Issue Share Holding | 92.88% |
| Post Issue Share Holding | – |
Voler Car IPO Prospectus
Company Contact Information
| Voler Car Limited 22 Burtolla Street, 4th Floor, Kolkata – 700007 Phone: +91 9147359888 Email: compliance@volercars.com Website: https://volercars.com/ |
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 Manager(s)
| 1. GYR Capital Advisors Private Limited |
Voler Car IPO FAQs
| What is Voler Car IPO? Voler Car IPO is a SME IPO. The issue is priced at ₹85 to ₹90 per equity share. The IPO is to be listed on NSE SME. |
| When Voler Car IPO will open? The IPO is to open on 12 February 2025 for QIB, NII, and Retail Investors. |
| What is Voler Car IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Voler Car IPO? You can apply Voler Car IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Voler Car IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Voler Car IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Voler Car IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Voler Car IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Voler Car IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “PS Raj Steels IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Voler Car IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Voler Car IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Voler Car IPO Size? Voler Car IPO size is ₹27.00 Crore. |
| What is the Voler Car IPO Price Band? Voler Car IPO Price Band is ₹85 to ₹90. |
| What is Voler Car IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 1600 Shares with ₹1,44,000 amount while the maximum bid is 1600 Shares with ₹1,44,000. |
| What is the Voler Car IPO Allotment Date? Voler Car IPO allotment date is 17 February 2025. |
| What is the Voler Car IPO Listing Date? Voler Car IPO listing date is 19 February 2025. The IPO is to be listed on NSE SME. |
