Voler Car IPO
- IPO Date12 Feb, 2025 to 14 Feb, 2025
- Listing Date19 Feb, 2025
- Face Value₹10 per share
- Issue Price₹85 to ₹90 per share
- Lot Size1600 Shares
- Minimum Investment₹1,44,000
- Listing AtNSE SME
- Total Issue Size30,00,000 Shares
(aggregating up to ₹27.00 Cr) - Fresh Issue30,00,000 Shares
(aggregating up to ₹27.00 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue81,43,527
- Shareholding post issue1,11,43,527
IPO Dates
Closing Date
14 Feb, 2025
Initiation of Refunds
18 Feb, 2025
Listing Date
19 Feb, 2025
12 Feb, 2025
Opening Date
17 Feb, 2025
Basis of Allotment
18 Feb, 2025
Credit of Shares
Voler Car Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,44,000 |
| B-HNI (Min) | - | - | - |
| S-HNI (Max) | - | - | - |
| Retail (Max) | 1 | 1600 | ₹1,44,000 |
| S-HNI (Min) | 2 | 3200 | ₹2,88,000 |
Voler Car Promoter Holding
Mr. Vikas Parasrampuria and Mr. Pawan Parasrampuria are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 92.88% | - |
Voler Car COMPANY INFORMATION
Voler Car IPO is a book built issue of Rs 27.00 crores. The issue is entirely a fresh issue of 30.00 lakh shares. Voler Car IPO opens for subscription on February 12, 2025 and closes on February 14, 2025. The allotment for the Voler Car IPO is expected to be finalized on Monday, February 17, 2025. Voler Car IPO will list on NSE SME with tentative listing date fixed as Wednesday, February 19, 2025. Voler Car IPO price band is set at ₹85 to ₹90 per share. The minimum lot size for an application is 1600. The minimum amount of investment required by retail investors is ₹1,44,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹2,88,000. GYR Capital Advisors Private Limited is the book running lead manager of the Voler Car IPO, while Kfin Technologies Limited is the registrar for the issue.The market maker for Voler Car IPO is Wiinance Financial Services Private Limited. Refer to Voler Car IPO RHP for detailed information.
Incorporated in 2010, 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.
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.
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
Voler Car IPO
IPO Overview and Key Highlights
Voler Car, a Kolkata-based car rental and leasing company, is launching its Initial Public Offering (IPO). The IPO consists of a fresh issue of up to 30,00,000 equity shares with a face value of ₹10 per share. There is no Offer for Sale (OFS), making it a 100% fresh issue. The funds raised will be utilized for business expansion, working capital, and general corporate purposes. The shares will be listed on the EMERGE Platform of NSE.
Key IPO Details
- Type of Issue • 100% Book Built Issue
- Total Issue Size • 30,00,000 equity shares
- Face Value • ₹10 per share
- Price Band • To be determined
- Offer Opens • February 12, 2025
- Offer Closes • February 14, 2025
- Listing Exchange • NSE EMERGE
Company Overview
Voler Car Limited was originally incorporated in 2010 as Jamuna Travels Private Limited. The company underwent multiple transformations, changing its name to Voler Car Private Limited in 2015, and finally converting into a public limited company in 2024. It specializes in car rentals, leasing services, and fleet management solutions.
- Promoters • Vikas Parasrampuria and Pawan Parasrampuria
- Headquarters • Kolkata, West Bengal
- Corporate Identification Number (CIN) • U63040WB2010PLC150637
Financial Overview
Voler Car Limited has shown consistent revenue growth, leveraging its fleet expansion strategy and operational efficiency. The IPO proceeds will be used to enhance fleet size, improve infrastructure, and expand operations into new cities.
Key Strengths of Voler Car Limited
- Established Market Presence • Over a decade in the car rental and leasing industry.
- No OFS • Entire issue is a fresh issue, ensuring funds go directly into business growth.
- Expansion Plans • Focus on increasing fleet size and geographical reach.
- Experienced Promoters • Led by industry experts with deep market understanding.
IPO Pros and Cons
Pros
- Growing Car Rental Market • Increasing demand for car leasing and fleet management services.
- Technological Integration • Use of AI-driven fleet management systems.
- Proceeds Utilization • Funds directed towards business expansion and working capital.
Cons
- Market Dependency • Business tied to economic conditions and transportation demand.
- Competitive Industry • Faces competition from aggregators like Ola and Uber.
- Operational Costs • High maintenance and fuel costs can impact margins.
Risk Factors
Potential investors should consider the following risks before investing:
- Industry Volatility • Demand for car rentals can fluctuate due to external economic factors.
- Operational Challenges • Managing a growing fleet efficiently requires significant investment.
- Regulatory Compliance • Adhering to transport and leasing regulations.
Conclusion
The Voler Car Limited IPO offers investors a chance to invest in a growing car rental and leasing company with a strong market presence. With no Offer for Sale, all funds raised will be used for business expansion, making it an attractive investment. However, investors should consider factors like market dependency, competition, and operational costs before making a decision.
FAQs About Voler Car Ipo
Voler Car IPO will open on 12 Feb, 2025 and close on 14 Feb, 2025. Investors must apply within this period to participate.
The Voler Car IPO price band is set between ₹85.00 and ₹90.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹144000.00.
The Voler Car IPO shares are expected to be listed on 19 Feb, 2025, subject to regulatory approvals and final allotment.
You can track your Voler Car IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Voler Car IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.