Voler Car Ltd IPO
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Voler Car Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 30 L | TBA | ₹ 9.78 L | ₹ 75.64 L | NSE | ₹ 27 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 12 Feb, 25 | 14 Feb, 25 | 1600 | ₹ 1,36,000 | Book Building - SME | 19 Feb, 25 |
Voler Car Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Miscellaneous |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 3.74x | 1390400 | 5203200 |
| NII | 19.06x | 419200 | 7992000 |
| Retail | 13.94x | 977600 | 13627200 |
| Employee | 0x | 0 | 0 |
| Total | 8.94x | 3000000 | 26822400 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Voler Car Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 5.76 | 3.31 | 2.18 |
| EBITDA | 6.00 | 3.86 | 3.07 |
| PAT | 4.17 | 2.02 | 0.93 |
| Total Assets | 9.36 | 9.71 | 9.40 |
| Share Capital | 0.15 | 0.15 | 0.15 |
| Total Borrowings | 4.67 | 10.14 | 12.82 |
| Operating Activities (Net Cash) | 4.41 | 2.57 | 1.82 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | 0.20 |
| Financing Activities (Net Cash) | 4.67 | 10.14 | 12.82 |
| Net Cashflow | 1.00 | 0.12 | 0.24 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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 IPO 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.
- Long-standing customer relationships.
- Asset-light business model.
- Quality assurance of our service.
- Experienced Promoters supported by a management and execution team.
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.
