Voler Car Limited, a leading provider of Employee Transportation Services (ETS), has announced the launch of its Initial Public Offering (IPO). Specializing in home-to-office-to-home services for large MNCs and corporate clients across India, Voler Car operates with a fleet of verified vehicles and professional chauffeur-drivers. The IPO presents an opportunity for investors to be a part of the growth of a company offering comprehensive transportation solutions for employees in major cities.

The Voler Car IPO opens on February 12, 2025, and closes on February 14, 2025. The allotment of shares will be finalized on February 17, 2025, with the listing date scheduled for February 19, 2025 on the NSE SME platform.

Voler Car IPO Details

The IPO size is ₹27 Crores, consisting of a fresh issue of 30.00 lakh shares. The price band for the IPO is set between ₹85 and ₹90 per share, and at the upper price of ₹90 per share, the market capitalization of Voler Car will be approximately ₹100.29 Crores. The lot size is 1,600 shares, meaning the minimum investment for retail investors is ₹1,44,000, while for High-Net-Worth Individuals (HNIs), the minimum investment is ₹2,88,000 (2 lots).

The Book Running Lead Manager for the IPO is GYR Capital Advisors Private Limited, while KFin Technologies Limited is the registrar. Wiinance Financial Services Private Limited is the market maker for the issue.

Voler Car IPO Subscription Status

As of 02:00 PM on February 13, 2025, the Voler Car IPO has been subscribed 2.52 times. Investors can check the live subscription status for real-time updates on the NSE.

Voler Car IPO Grey Market Premium (GMP)

The Grey Market Premium (GMP) for Voler Car Limited IPO is currently ₹0, which indicates no premium in the unlisted market. It’s important to note that the GMP is not an official market indication and does not determine the final listing price of shares. This means there may be no immediate listing gains expected from this IPO.

Voler Car IPO Anchor Investors

Voler Car has raised ₹7.50 Crores from anchor investors at the price of ₹90 per share. A total of 8,33,600 equity shares were allocated to these investors, which highlights institutional interest in the offering. The full list of anchor investors can be checked through the IPO documentation.

Objectives of Voler Car IPO

Voler Car intends to use the net proceeds from the IPO for the following purposes:

1. ₹2,038.25 Lakhs for funding working capital requirements.
2. General corporate purposes.
3. IPO issue expenses.

Financial Performance & Valuation

Voler Car has shown steady growth in its financial performance:

• Revenue from operations (FY 2024): ₹2,157.67 Lakh
• EBITDA (FY 2024): ₹345.11 Lakh
• Profit After Tax (PAT) (FY 2024): ₹248.57 Lakh

The pre-issue earnings per share (EPS) stands at ₹4.71, with the post-issue EPS projected at ₹3.20 for FY24. The price-to-earnings (P/E) ratio is 19.11x pre-issue and 28.15x post-issue, compared to the industry P/E ratio of 15x. These metrics suggest that the IPO is fully priced.

How to Apply for the Voler Car IPO

To apply for the Voler Car IPO, retail investors need a Demat account. Investors can apply via online platforms such as brokers or through the NSE SME IPO platform. Follow the steps below to check the IPO allotment status:

1. Navigate to the IPO allotment status page.
2. Select Voler Car Limited IPO from the dropdown.
3. Enter your application number, PAN, or DP Client ID.
4. Submit the details to view the allotment status.

Voler Car IPO Review & Investment Recommendation

Voler Car’s Employee Transportation Services cater to a growing market, particularly among large MNCs and corporate clients. The company has shown a steady financial performance over the years and benefits from the leadership of experienced executives.

However, given the GMP of ₹0 and fully priced valuation, we recommend avoiding the IPO for listing gains. Investors looking for long-term growth may want to evaluate the company's market prospects before investing.

The Upcoming IPOs in this week and coming weeks are Quality Power Electrical Equipments, 

The Current active IPO are PS Raj Steels, Voler Car, Maxvolt Energy, Hexaware Technologies, Ajax Engineering, L.K. Mehta, Shanmuga Hospital.

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