Voler Car Ltd IPO

Voler Car Ltd IPO

We are primarily engaged in providing employee transportation services (ETS) to large MNC's and corporate clients with presence across various major cities in India. Our ETS solutions cover comprehensive home to office to home transportation, supported by 24/7 customer service, dedicated location teams, and a fleet of verified vehicles and chauffeur-drivers. We manage a pooled fleet of over 2,500 vehicles, including small cars, sedans, SUVs, electric vehicles, buses, and tempo travellers. In the fiscal year 2023-24, we successfully completed approximately 3,23,550 trips, averaging over 884 trips per day. Meanwhile, in the fiscal year 2024-25 (upto November 30, 2024), we have completed around 2,84,039 trips, with a daily average exceeding 1,183 trips.

Voler Car Ltd IPO Details

Total Shares Offered

₹ 30,00,000

Offer to Public

TBA

Retail Max (Shares)

₹ 9,77,600

Pre Issue Promoters Holding

₹ 75,63,657

Exchange

NSE

Issue size

₹ 27 Cr

IPO Open Date

Feb 12, 2025

Close Date

Feb 14, 2025

Lot Size

1600

Min Investment

₹ 1,36,000

Issue Type

Book Building - SME

Listing Date

Feb 19, 2025

Voler Car Ltd IPO Dates

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Feb 12, 2025
Opening date
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Feb 14, 2025
Closing date
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Feb 17, 2025
Basis of Allotment
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Feb 18, 2025
Initiation of Refunds
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Feb 18, 2025
Credit of Shares
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Feb 19, 2025
Listing date

Details

SectorType
SectorMiscellaneous
Sub SectorNA
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor Type

QIB

NII

Retail

Employee

Total

Voler Car Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations5.487.503.31
EBITDA5.597.743.86
PAT4.508.362.02
Total Assets42.9910.299.71
Share Capital11.140.150.15
Total Borrowings7.426.7910.14
Operating Activities (Net Cash)4.618.602.57
Investing Activities (Net Cash)0.000.000.00
Financing Activities (Net Cash)7.426.7910.14
Net Cashflow31.091.000.12

About Voler Car Ltd

Our Company was incorporated on June 24, 2010 under the name and style of amuna Travels Private Limited, a private limited company under the Companies Act, 1956, pursuant to a Certificate of Incorporation issued by the Registrar of Companies, West Bengal. Pursuant to a resolution passed by the shareholders at their meeting held on April 07, 2015, the name of our Company was changed to `Voler Car Private Limited' and a Fresh Certificate of Incorporation dated April 20, 2015 was issued by Registrar of Companies, Kolkata. Subsequently, our Company was converted into a public Limited company pursuant to a resolution passed by our Shareholders at an Extraordinary General Meeting held on May 18, 2024 and consequently the name of our Company was changed to `Voler Car Limited' and a Fresh certificate of incorporation dated August 02, 2024 was issued by the Registrar of Companies Central Processing Centre. The Corporate Identification Number of our Company is U63040WB2010PLC150637.

The corporate employee transportation service market size is predicted to reach US$ 49.33 billion in 2028 at a compounded annual growth rate (CAGR) of 8.3%. The growth in the corporate employee transportation service market is due to growing corporate office presence in the Asia-Pacific region is expected to hold the largest corporate employee transportation service market share. Indian Employee Transportation Service Market: The employee transportation service market, is estimated to have generated a revenue of Rs. 503.5 billion ($6.1 billion) as of C.Y. 2023, and it exhibits steady expansion growing in line with development of corporates such as IT, Global Capability Centers (GCC) segments etc. It is expected to grow at a CAGR of 11.8% to reach Rs. 1097.6 billion ($13.2 billion) revenue in C.Y.2030. This aligns with India's growing economy, the rise of the organized sector, and increasing employee expectations for convenient commutes. The ETS market caters primarily to corporates, particularly in tier-1 cities, with pricing models varying based on vehicle type, route distance, and service customization. Common models include per-employee, per-trip, and fixed monthly charges.

We are primarily engaged in providing employee transportation services (ETS) to large MNC's and corporate clients with presence across various major cities in India. Our ETS solutions cover comprehensive home to office to home transportation, supported by 24/7 customer service, dedicated location teams, and a fleet of verified vehicles and chauffeur-drivers. We manage a pooled fleet of over 2,500 vehicles, including small cars, sedans, SUVs, electric vehicles, buses, and tempo travellers. In the fiscal year 2023-24, we successfully completed approximately 3,23,550 trips, averaging over 884 trips per day. Meanwhile, in the fiscal year 2024-25 (upto November 30, 2024), we have completed around 2,84,039 trips, with a daily average exceeding 1,183 trips.

Peer Comparison:

  • Wise Travel India Ltd
  • Shree OSFM E-Mobility Ltd

Voler Car Ltd Key Points

Strengths

Long-standing customer relationships.

Asset-light business model.

Quality assurance of our service.

Experienced Promoters supported by a management and execution team.

Risk

Its top ten customers contribute majority of the company revenues from operations. Any loss of business from one or more of them may adversely affect its revenues and profitability.

The company business depends on its relationships with vendors who supply vehicles and chauffeurs to it, and any adverse changes in such relationships, or its inability to enter into new relationships, could adversely affect the company business and results of operations.

The company has long standing relationships with some of its customers which also contribute significantly to the company revenue from operations. If one or more of such customers choose to terminate its contracts, the company business, financial condition and results of operations may be adversely affected.

Strategy

Expanding our presence in other Tier-I and Tier-II cities in India and increasing our penetration in cities with existing operations.

Acquiring new clients, boosting revenue from existing clients and expanding our sales team.

Growing our fleet size.

Focus on building our brand through our brand building strategies and focus on operational excellence.

How To Apply for Voler Car Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Voler Car Ltd IPO?

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Voler Car Ltd's IPO offers shares for up to 27 It begins on Feb 12, 2025 and ends on Feb 14, 2025.

What is the price of the Voler Car Ltd IPO?

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The price of Voler Car Ltd IPO ranges between ₹85 to ₹90 per share.

What are the open and close dates for the Voler Car Ltd IPO?

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The Voler Car Ltd IPO opens on Feb 12, 2025 and closes on Feb 14, 2025.

When will the Voler Car Ltd IPO be allotted?

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The allotment for the Voler Car Ltd IPO will be finalised on Feb 17, 2025. The shares will be listed on BSE and NSE on Feb 19, 2025.

What is the minimum lot size required for Voler Car Ltd IPO?

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The minimum lot size for Voler Car Ltd IPO is 1600 shares, priced between ₹85 to ₹90 per share.

What is the GMP of Voler Car Ltd IPO?

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The GMP (Grey Market Premium) of Voler Car Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Voler Car Ltd IPO?

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To check the allotment status of Voler Car Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Voler Car Ltd IPO getting listed?

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The Voler Car Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Feb 12, 2025, and closes on Feb 14, 2025. The allotment is finalised on Feb 17, 2025.

How do you apply for the Voler Car Ltd IPO?

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To apply for the Voler Car Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.

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