February 19, 2025
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What was the last grey market premium of Voler Car IPO?
Rs. 5
On 19th February 2025, the scrip is listed at Rs. 90, at par with the issue price.
Subscription status of Voler Car IPO
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Voler Car Limited IPO Price Rs. 90 Lot 1600 shares, Rs. 27.00 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 9.34 | 18.56 | 13.94 | 13.62 | 9,052 |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of Voler Car?
Founded in 2010, Voler Cars Limited specializes in providing reliable and efficient Employee Transportation Services (ETS) to large multinational corporations (MNCs) and corporate clients.
The company offers a comprehensive home-to-office transportation solution, backed by 24/7 customer support, dedicated teams, and a fleet of over 2,000 vehicles, including cars, SUVs, electric vehicles, buses, and tempo travelers.
During FY 2023-24, Voler Cars completed approximately 323,550 trips, averaging over 884 trips per day.
The company operates across key cities including Kolkata, Mumbai, Pune, Bhubaneswar, Delhi-NCR, and Ahmedabad. It provides corporate transportation through vendor-sourced and leased vehicles, ensuring punctual pick-ups and drop-offs in alignment with service level agreements (SLAs).
By integrating GPS tracking and third-party technologies, Voler Cars effectively manages corporate travel, offering seamless reservations, tracking, incident management, and adherence to client SLAs through a unified system.
Get more information about the company @ https://volercars.com/
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Voler Car IPO Details |
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| IPO opens on | 12 February 2025 |
| IPO closes on | 14 February 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3000000 Shares / Rs 27.00 Crore |
| * Fresh Issue | 3000000 Shares / Rs 27.00 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 212800 Shares |
| Net offer to Public | 2787200 Shares/ Rs 25.08 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 85-90 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | 1393600 | 12.54 |
| HNI (15%) | 418080 | 3.76 |
| RII (35%) | 975520 | 8.78 |
| Total Shares | 278200 | 25.08 |
| Retail portion will be oversubscribed by |
610 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1600 Shares | Rs.144000 |
| Min HNI Application | 3200 Shares | Rs. 288000 |
Who are the Promoters of Voler Car?
Mr. Vikas Parasrampuria and Mr. Pawan Parasrampuria are the promoters of the company.
What are the Objects of Voler Car IPO?
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Funding working capital requirements of the Company
- General Corporate Purposes.
- IPO Issue expenses
Tentative timetable |
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| IPO opens on | 12 February 2025 |
| IPO Closes on | 14 February 2025 |
| IPO Allotment on | 17 February 2025 |
| Refund Initiation | 18 February 2025 |
| Credit of Shares | 18 February 2025 |
| Listing on | 19 February 2025 |
| Registered Office of the Company Voler Car Limited 22 Burtolla Street, 4th Floor, Kolkata – 700007 |
| Who is the Lead Manager of this IPO? GYR Capital Advisors Pvt Ltd |
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Who is the Registrar to IPO? |
Voler Car IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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Voler Car IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 24.83 | 0.93 | ||
| 2022-23 | 26.63 | 2.02 | ||
| 2023-24 | 31.45 | 4.17 | 5.12 | 135.70 |
| Book Value of the Share on 31.03.2024 |
– | |||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 90 | ||
Key Performance
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| Price/EPS of 23-24 | 17.59 |
| Price/BV Ratio | 22.17 |
| Debt/Equity Ratio | 0.39 |
How Voler Car IPO compares with the Peers?
| As per RHP | FV | Price | PE |
| Bookvalue | Ratio | ||
| Ratio | |||
| Voler Car | 22.17 | 17.59 | |
| Wise Travels | 4.50 | 21.82 | |
| Shree OSFM mobility | 12.07 | 24.10 | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Voler Car IPO Review by Paresh Gordhandas, CA & Research Analyst.
Founded in 2010, Voler Cars Limited specializes in providing reliable and efficient Employee Transportation Services (ETS) to large multinational corporations (MNCs) and corporate clients.
The company offers a comprehensive home-to-office transportation solution, backed by 24/7 customer support, dedicated teams, and a fleet of over 2,000 vehicles, including cars, SUVs, electric vehicles, buses, and tempo travelers.
The company has shown sharp rise in the profitability during last 3 years. It earned net profit of Rs. 93 lacs in 2021-22 which has moved up to Rs. 4.17 crore during 2023-24. The size of the IPO is somewhat large.
Investor fancy for this business is not very high.
+ from fundamental angle: May Apply
+ from grey market angle:
Quicklinks
Voler Car IPO GMP today allotment, review?
Voler Car IPO GMP grey market premium
Voler Car IPO GMP
