Voler Car IPO Review

At Voler Cars, they specialize in providing reliable and efficient employee transportation services (ETS) to large MNC's and corporate clients with presence across various major cities in India. Their 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.

The Company is guided by an experienced management team that combines expertise and vision to drive their business forward. The growth of the company is largely due to the leadership of Mr. Vikas Parasrampuria, the Whole-Time Director and Promoter. With over 13 years of technical expertise, Mr. Vikas plays a key role in managing day-today operations and guiding the strategic decisions, helping the company reach new heights. Mr. Pawan Parasrampuria, the Managing Director, is renowned for his ability to make smart financial decisions and provide valuable advice to senior management.

The Revenues from operations for the period ended on Sep 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 2,157.67 Lakh, ₹ 3,145.15 Lakh, ₹ 2,662.97 Lakh and ₹ 2,482.84 Lakh respectively. The EBITDA for the period ended on Sep 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 345.11 Lakh, ₹ 586.55 Lakh, ₹ 359.47 Lakh, and ₹ 284.64 Lakh, respectively. The Profit after Tax for the period ended on Sep 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 248.57 Lakh, ₹ 356.29 Lakh, ₹ 199.23 Lakh, and ₹ 78.81 Lakh respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 4.71 and post-issue EPS of ₹ 3.20 for FY24. The pre-issue P/E ratio is 19.11x, while the post-issue P/E ratio is 28.15x against the Industry P/E ratio is 15x. The company's ROCE for FY24 is 123.06%, ROE for FY24 is 249.01% and RoNW 110.91%. The Annualised EPS based on the latest financial data is ₹ 6.1 and PE ratio is 14.75x. These metrics suggest that the IPO is fully priced.

The Grey Market Premium (GMP) of Voler Car showing listing gains of 0.00 %. Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Voler Car Limited IPO for Listing gain.

Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 

About the Author
 CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms during the training period. He is good at Technical analysis and Fundamental Analysis and uses both Technical and Fundamental analysis along with five other important factors that affect the movement of the Market namely Global Market Analysis, Upcoming Event Analysis, Institutional Money Analysis, Derivative Data Analysis, and Emotions and Sentiment of Traders and Investors in his Framework called - Technical Fundamental GUIDE to find the winning Trades.