Voler Car Limited
CLOSEDIPO Date: 12 Feb - 14 Feb 2025
Listing Date: 19 Feb 2025
Price Range
₹85 – ₹90
Issue Size
27 Cr
Min Investment
₹1,36,000
Lot Size
1600 Shares
Schedule of Voler Car Limited
Issue open date
12 Feb 2025
Issue close date
14 Feb 2025
UPI mandate deadline
14 Feb 2025 (5 PM)
Allotment finalization
17 Feb 2025
Share credit
18 Feb 2025
Listing date
19 Feb 2025
Mandate end date
1 Mar 2025
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 27 Cr |
| Fresh Issue | 27 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 17 Feb 2025 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 13 Feb 2025 | ₹90 | ₹9 | ₹99 (10%) |
| 12 Feb 2025 | ₹90 | ₹11 | ₹101 (12.22%) |
| 11 Feb 2025 | ₹90 | ₹11 | ₹101 (12.22%) |
| 10 Feb 2025 | ₹90 | ₹11 | ₹101 (12.22%) |
Performance Voler Car Limited
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹85 – ₹90 | .... | .... | .... |
About Voler Car Limited
Voler Car specializes in providing employee transportation services (ETS) to IT/ITeS companies, large corporates, and MNCs across major Indian cities. The company offers a comprehensive home-to-office transportation solution, supported by a 24/7 customer service, dedicated teams, and a fleet of over 2,500 verified vehicles including electric and various other types. Operating on an asset-light model, Voler Car uses primarily vendor-sourced vehicles, enhancing mobility and optimizing revenue through seat usage. The service guarantees timely transportation under strict service level agreements, with additional safety measures like escort services for women. Voler Car is well-positioned for growth in the corporate transport sector.
| Founded in | 2010 |
| Managing director | Mr. Pawan Parasrampuria |
| Parent organization | Voler Car Ltd |
Financial Overview
Strengths
- Specializes in employee transport for IT and corporate sectors.
- Large fleet with advanced tracking enhances service capability.
- Operates across major cities, broadening market reach.
- 24/7 customer support ensures high service reliability.
- Asset-light model promotes operational flexibility.
Risks
- Dependence on corporate clients may cause revenue volatility.
- Regulatory changes could increase costs and affect compliance.
- Asset-light model may impact service quality control.
- Disruptions in GPS technology could degrade service reliability.
- Intense competition could pressure pricing and margins.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | 0.81 |
| Retail Individual Investors (RIIs) | 0.87 |
| Employee | N/A |
| Total | 0.61 |