Voler Car SME: Check IPO Date, Live Subscription and Key Details
Voler Cars Limited, established in 2010, specializes in providing reliable and efficient employee transportation services to multinational companies and corporate clients. The company offers comprehensive home-to-office transportation with 24/7 customer support and dedicated teams. Its fleet includes over 2,000 vehicles, ranging from cars and SUVs to electric vehicles, buses, and tempo travelers. In the financial year 2023-24, Voler Cars completed approximately 323,550 trips, averaging over 884 trips per day.
Price Range
₹85.0 - ₹90.0
Issue Size
₹27 Cr
Lot Size
1,600 shares
IPO Type
NSE SME
GMP
₹5(+5.56%)
Est. Listing Price
₹95
Estimate Profit
₹16,000
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
4.46
P/E Ratio
20.17
RoNW
110.91%
ROE
249.01%
Debt to Equity
0.37
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Timeline
IPO Opens
12 Feb
IPO Closes
14 Feb
Allotment
17 Feb
Listing
19 Feb
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 12 February 2025 | Subscription starts |
| IPO Close Date | 14 February 2025 | Subscription ends |
| Allotment Date | 17 February 2025 | Allotment |
| Listing Date | 19 February 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,88,000 |
SHNI (Min) | 3 | ₹4,32,000 |
SHNI (Max) | 6 | ₹8,64,000 |
BHNIAbove ₹10,00,000 | 7 | ₹10,08,000 |
IPO Objectives
- Funding working capital requirements of the Company
- General Corporate Purposes.
- IPO Issue expenses
Strengths
- Strong and long-term customer relationships.
- Well-established brand with a reputation for operational excellence.
- Asset-light business model ensuring efficiency and flexibility.
- Scalable business model with growth potential.
- Commitment to high-quality service and customer satisfaction.
Weaknesses
- High revenue dependency on a limited customer base.
- Business operations rely heavily on vendor partnerships.
- Legal proceedings involving directors and promoters could pose risks.
- Declining total assets over the years may impact financial stability.
- Borrowings have decreased but still present a financial risk.
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Financial Performance
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 18.33 | 10.99 | 11.9 | 12.13 |
| Revenue (₹ Cr.) | 21.58 | 31.45 | 26.63 | 24.83 |
| PAT (₹ Cr.) | 2.49 | 3.56 | 1.99 | 0.79 |
| Net Worth (₹ Cr.) | 10.93 | 3.21 | -0.35 | -2.34 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Voler Car Limited | 22.5 | 20.17 | 135.7% | 10.93 |
| Wise Travel India | 2.9 | 14.07 | 15.62% | 149 |
| Shree Osfm E-mobility | 8.36 | 16.77 | 15.24% | 53.16 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0x | 3.51x | 9.34x |
| NII | 0.97x | 0.89x | 18.56x |
| RII | 1.38x | 4.34x | 13.94x |
| Total | 0.9x | 3.36x | 13.62x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 5,56,800 | 52,03,200 | 46.83 |
| NII | 4,19,200 | 77,79,200 | 70.01 |
| RII | 9,77,600 | 1,36,27,200 | 122.64 |
| Total | 19,53,600 | 2,66,09,600 | 239.49 |
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Company Details
- Voler Car Limited
- 22 Burtolla Street, 4th Floor, Kolkata - 700007
- +91 9147359888
- compliance@volercars.com
- https://volercars.com/
Registrar Details
- Kfin Technologies Limited
- 04067162222, 04079611000
- volercar.ipo@kfintech.com
- https://kosmic.kfintech.com/ipostatus/
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