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Voler Car IPO
Price Band
₹85.0–90.0
Issue Size
₹27.0 Cr
Lot Size
1,600 shares
Min Investment
₹144,000
GMP
+₹5.0 (5.56%)
Issue Price
₹90.0
Subject to Sauda
₹6100
Paid only if allotted
Voler Car IPO AI Summary
- Voler Car IPO is listed on NSE SME.
- Price band: ₹85.0–₹90.0 per share, lot size 1,600 shares (min. investment ₹144,000).
- Subscription window: 12 Feb–14 Feb 2025, listing on 19 Feb 2025.
- Current GMP is +₹5.0 (5.56%), an estimated listing price of ₹95 — unofficial and can change daily.
Voler Cars Limited is an employee transportation service provider with a strong operational framework and established customer relationships. The IPO aims to raise funds for working capital and other corporate purposes, with a competitive pricing strategy compared to its peers.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Voler Car IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 14 Feb 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Voler Car IPO Grey Market Premium (GMP) Today
GMP
+₹5.0
GMP %
+5.56%
Est. Listing
₹95.0
Updated: 25 Jul 2026 14:30
About the Company
Incorporated in 2010, Voler Cars Limited provides reliable and efficient employee transportation services (ETS) to large MNCs and corporate clients. The company offers comprehensive home-to-office transportation with 24/7 customer service, dedicated teams, and over 2,500 vehicles, including cars, SUVs, electric vehicles, buses, and tempo travellers. In FY 2023-24, the company completed approximately 3,23,550 trips, averaging over 884 visits daily. The company operates in Kolkata, Mumbai, Pune, Bhubaneshwar, Delhi-NCR, and Ahmedabad, offering corporate transportation with vendor-sourced and leased vehicles, ensuring timely pick-ups and drop-offs per service level agreements (SLA). The company integrates GPS tracking with third-party technology to manage corporate travel, handling reservations, tracking, incident response, and client SLAs through a unified system. The company offers Employee Transportation Services (ETS) in Kolkata, Mumbai, Pune, Bhubaneswar, Delhi-NCR, and Ahmedabad, ensuring reliable home-to-office transportation with 24/7 operations for corporate clients. As of December 31, 2024, the company has 774 Employees. Competitive Strengths: Long-standing customer relationships An established brand built over the years through operational excellence Asset-light business model Experienced Promoters supported by a management and execution team Scalable business model Quality assurance of their service.
Company Financials (₹ Cr)
As of 2024-09-30
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 18.33 | 10.99 | 11.90 | 12.13 |
| Total Income | 21.58 | 31.45 | 26.63 | 24.83 |
| Profit After Tax | 2.49 | 3.56 | 1.99 | 0.79 |
| NET Worth | 10.93 | 3.21 | -0.35 | -2.34 |
| Reserves and Surplus | 2.78 | 3.06 | -0.50 | -2.49 |
| Total Borrowing | 0.39 | 1.19 | 3.80 | 5.55 |
Key Ratios
EPS
₹4.38
NAV
₹4.25
ROE
249.01%
ROCE
123.06%
RoNW
110.91%
P/B Value
22.17
P/E Ratio
20.57
Market Cap
₹100.29 Cr
PAT Margin
11.53%
Debt/Equity
0.37
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Shree Osfm E-mobility Limited | 14.33 | 15.24% | 16.77 | 7.02 | 7.02 |
| Wise Travel India Limited | 62.45 | 15.62% | 14.07 | 12.79 | 12.79 |
| Voler Car Limited This IPO | 4.25 | 135.7% | — | 5.51 | 5.51 |
Promoters
Vikas Parasrampuria and Pawan Parasrampuria
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding working capital requirements of the Company 20.38 2 General Corporate Purposes 3.65 3 Issue Expenses 2.96 Total 26.99
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹24.83 Cr in FY 2021-22, rising to ₹26.63 Cr by FY 2022-23, though this is a 9-month figure, not a full year, so isn't directly comparable. However, in FY 2023-24, total income decreased to ₹21.58 Cr as of 30 Sep 2024.
Profit Trend
Profit after tax was ₹0.79 Cr in FY 2021-22, increasing to ₹1.99 Cr in FY 2022-23. In FY 2023-24, profit after tax was ₹2.49 Cr as of 30 Sep 2024.
Valuation
Priced at roughly 20.57 trailing earnings, versus peers trading at P/E ratios of 14.07 to 16.77.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected premium at which the IPO is likely to list compared to its issue price. A positive GMP suggests that investors are optimistic about the stock's performance on listing day.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's fundamentals and the overall market environment.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid this IPO, as it operates in a competitive sector and may experience fluctuations in performance.
IPO Timeline, Explained
The IPO opens for subscription on February 12, 2025, and closes on February 14, 2025. Allotment of shares is expected on February 17, 2025, with the listing date set for February 19, 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor could make when the stock lists on the exchange. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall demand for the stock.
This evaluation is generated from Voler Car's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Voler Car IPO GMP today?
Voler Car IPO GMP today is +₹5.0 (5.56%), indicating an estimated listing price of ₹95. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Voler Car IPO?
The price band of Voler Car IPO is ₹85.0–₹90.0 per share.
When does Voler Car IPO open and close?
Voler Car IPO opens on 12 February 2025 and closes on 14 February 2025.
When does Voler Car IPO list on the stock exchange?
Voler Car IPO listed on 19 February 2025 at ₹95.0.
What is the lot size for Voler Car IPO?
The lot size for Voler Car IPO is 1600 shares, requiring a minimum investment of ₹144,000.
What is the lot size for this IPO?
The lot size for this IPO is 1,600 shares.
What is the minimum investment required?
The minimum investment required is ₹1,44,000.
What is the price band for the IPO?
The price band for the IPO is ₹85.0 to ₹90.0.
When does the IPO open and close?
The IPO opens on February 12, 2025, and closes on February 14, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which the IPO is likely to list compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
12 Feb 2025
Close
14 Feb 2025
Allotment
17 Feb 2025
Listing
19 Feb 2025
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