Voler Car IPO opens on February 12 - Latest IPO GMP, Dates, Lot Size & Share Price
Team Finance Saathi
08/Feb/2025
What's covered under the Article:
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Voler Car IPO is set to raise ₹ 27 crores via a fresh issue of 30 lakh shares at ₹ 85-90 per share.
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The IPO opens on February 12, 2025, and closes on February 14, 2025, with allotment expected on February 17.
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No significant Grey Market Premium (GMP) observed, indicating a cautious market response.
Voler Car Limited, a company specializing in Employee Transportation Services (ETS) for large MNCs and corporate clients, is set to launch its Initial Public Offering (IPO) on February 12, 2025. The issue size is ₹ 27 crores, consisting of a fresh issue of 30 lakh shares, with a price band of ₹ 85 to ₹ 90 per share. The IPO will close on February 14, 2025, and allotment is expected by February 17, 2025. Shares are scheduled to list on NSE SME on February 19, 2025.
Business Overview of Voler Car
Voler Car Limited provides comprehensive home-to-office-to-home transportation solutions, supported by 24/7 customer service, dedicated location teams, and a fleet of verified vehicles and chauffeur-drivers. The company has a strong presence across major cities in India and caters to top corporate clients.
Under the leadership of Mr. Vikas Parasrampuria (Whole-Time Director & Promoter) and Mr. Pawan Parasrampuria (Managing Director), Voler Car has seen consistent growth in revenue and profitability.
Financial Performance and IPO Valuation
Financial Highlights:
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Revenue from operations (FY22 - FY24):
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FY22: ₹ 24.82 crores
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FY23: ₹ 26.63 crores
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FY24: ₹ 31.45 crores
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H1 FY25: ₹ 21.57 crores
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EBITDA Growth (FY22 - H1 FY25):
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FY22: ₹ 2.84 crores
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FY23: ₹ 3.59 crores
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FY24: ₹ 5.86 crores
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H1 FY25: ₹ 3.45 crores
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Profit After Tax (PAT) Growth (FY22 - H1 FY25):
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FY22: ₹ 0.78 crores
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FY23: ₹ 1.99 crores
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FY24: ₹ 3.56 crores
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H1 FY25: ₹ 2.48 crores
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EPS & P/E Ratios:
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Pre-Issue EPS: ₹ 4.71 | Post-Issue EPS: ₹ 3.20
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Pre-Issue P/E Ratio: 19.11x | Post-Issue P/E Ratio: 28.15x (Industry P/E: 15x)
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Annualized EPS (Latest Financials): ₹ 6.1 | P/E Ratio: 14.75x
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Voler Car IPO Subscription and Grey Market Premium (GMP) Analysis
The IPO will be managed by GYR Capital Advisors Private Limited, while KFin Technologies Limited will handle the registrar services. Wiinance Financial Services Private Limited is the Market Maker for this IPO.
IPO Subscription and Investment Details:
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Retail Lot Size: 1,600 shares (₹ 1,44,000 minimum investment)
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HNI Minimum Investment: 3,200 shares (₹ 2,88,000 minimum investment)
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Market Capitalization at Upper Price Band: ₹ 100.29 Crores
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Anchor Investors: Voler Car raised ₹ 7.50 Crores from anchor investors at ₹ 90 per share.
Grey Market Premium (GMP) & Market Sentiment
Currently, no significant Grey Market Premium (GMP) is observed for Voler Car IPO, indicating that the demand in the unofficial market is neutral. The GMP remains at ₹ 0 (0%), suggesting a fully priced IPO with limited upside for listing gains.
IPO Allotment & Listing Process
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Allotment Date: February 17, 2025
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Listing Date: February 19, 2025
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How to Check Allotment Status:
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Visit the Registrar Website (KFin Technologies Limited).
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Select "Voler Car Limited IPO."
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Enter PAN/Application Number/DP Client ID.
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Click "Submit" to check the status.
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Use of IPO Proceeds
Voler Car aims to utilize the net proceeds from the IPO as follows:
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Working Capital Requirements: ₹ 20.38 Crores
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General Corporate Purposes
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IPO Issue Expenses
Conclusion: Should You Invest?
While Voler Car Limited has demonstrated consistent revenue growth and profitability, the high P/E ratio (28.15x) suggests that the IPO is fully priced. Additionally, the lack of Grey Market Premium (GMP) indicates muted investor interest.
Final Verdict: "Avoid for Listing Gains"
Given its valuation concerns and lack of GMP traction, investors should consider Voler Car IPO only for long-term investment potential rather than short-term listing gains.
The Upcoming IPOs in this week and coming weeks are PS Raj Steels, Chandan Healthcare, Ajax Engineering, Voler Car, Maxvolt Energy, Hexaware Technologies, L.K. Mehta, Shanmuga Hospital.
The Current active IPO are Eleganz Interiors, Readymix Construction, Solarium Green.
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