Voler Car Limited (NSE SME)

Feb 12, 2025 - Feb 14, 2025

Premium	₹5
Price	₹85 - ₹90
Lot size	1600
Allotment	Feb 17, 2025
Listing	Feb 19, 2025

Category	Lot(s)	Qty	Amount	Reserved
Retail	1	1600	144000	611
HNI	2	3200	288000	262

Last updated on 14-Feb-2025 17:00:17

Category	Offered	Applied	Times
QIB	556800	5203200	9.34
NIB	419200	7992000	19.06
RETAIL	977600	13627200	13.94
Total	1953600	26822400	13.73

Application Wise Breakup
Category	App. Received
QIB	7
NIB	528
RETAIL	8517
Total	9052

Subscription Demand (in ₹ crore)
Category	Offered	Demand	Times
QIB	5.01	46.83	9.34
NIB	3.77	71.93	19.06
RETAIL	8.8	122.64	13.94
Total	17.58	241.4	13.73

QIB Interest Cost Per Share (7 Days)
@7% ₹1.1	@8% ₹1.3	@9% ₹1.5	@10% ₹1.6	@11% ₹1.8	@12% ₹1.9

HNI Interest Cost Per Share (7 Days)
@7% ₹2.3	@8% ₹2.6	@9% ₹3	@10% ₹3.3	@11% ₹3.6	@12% ₹3.9

About

IPO Reservation

Investor Category	Shares Offered	No. of Shares
Retail	32.59%	977600
NII (HNI)	13.97%	419200
Anchor	27.79%	833600
QIB	18.56%	556800
Market Maker	7.09%	212800
Total	100.00%	3000000

IPO Details

Total Issue Size	30,00,000 shares(aggregating up to 27.00 Cr)
Fresh Issue	30,00,000 shares(aggregating up to 27.00 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Share Holding Pre Issue	81,43,527 shares
Share Holding Post Issue	1,11,43,527 shares
Market Maker Portion	2,12,800 shares
Market Maker	Wiinance Financial Services

Key Performance Indicators

KPI	Sep-24	Mar-24	Mar-23
ROE	35.16%	249.01%	-147.93%
ROCE	30.02%	123.06%	88.30%
RONW	22.75%	110.91%	-568.25%
EPS (basic)	3.05	4.71	2.63
P/E Pre IPO		20.57
P/E Post IPO	20.17

Financial Details In Crores

Period Ended	Sep-24	Mar-24	Mar-23	Mar-22
Assets	18.3	11.0	11.9	12.1
Revenue	21.6	31.5	26.6	24.8
Profit After Tax	2.5	3.6	2.0	0.8
Net Worth	10.9	3.2	-0.4	-2.3
Reserves and Surplus	2.8	3.1	-0.5	-2.5
Total Borrowing	0.4	1.2	3.8	5.6

About Company

Incorporated in 2010, Voler Cars Limited provides reliable and efficient employee transportation services (ETS) to large MNCs and corporate clients across Kolkata, Mumbai, Pune, Bhubaneswar, Delhi-NCR, and Ahmedabad. With a fleet of over 2,500 vehicles—including cars, SUVs, electric vehicles, buses, and tempo travelers—the company ensures timely home-to-office transportation, backed by 24/7 customer service and dedicated teams. Leveraging GPS integration with third-party technology, Voler Cars manages reservations, tracking, incident response, and service level agreements (SLAs) through a unified system, completing around 3,23,550 trips in FY 2023-24, averaging over 884 trips daily. As of December 31, 2024, the company employed 774 people.

Lead Manager(s)

GYR Capital Advisors Private Limited

Strength

Long-standing Customer Relationships – Trusted by large MNCs and corporate clients, ensuring steady business and repeat contracts.

Established Brand & Operational Excellence – Built a strong reputation over the years through reliable services, timely operations, and adherence to SLAs.

Asset-Light Business Model – Operates with vendor-sourced and leased vehicles, reducing capital expenditure while maintaining scalability and flexibility.

Weakness

Dependence on Vendor Relationships – Reliance on third-party vehicle suppliers and chauffeurs makes the business vulnerable to disruptions or unfavorable contract changes.

Customer Concentration Risk – A significant portion of revenue comes from long-standing customers; losing key clients could impact financial stability.

Revenue Dependency on Top Clients – The top ten customers contribute the majority of revenue, and losing any major client could negatively affect profitability.

Registrar

Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: volercar.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/