Voler Car Limited, a company specializing in Employee Transportation Services (ETS) for large MNCs and corporate clients, has launched its IPO to raise ₹ 27 crores through a fresh issue of 30.00 lakh shares. The IPO subscription period runs from February 12, 2025, to February 14, 2025. The price band is set at ₹ 85 to ₹ 90 per share, and the issue is set to be listed on the NSE SME platform.

The market capitalization at the upper price band of ₹ 90 per share stands at ₹ 100.29 crores. Investors can bid for lot sizes of 1,600 shares, with a minimum investment of ₹ 1,44,000 for retail investors and ₹ 2,88,000 for HNIs (2 lots).

Lead Managers and Market Makers

The book-running lead manager for the IPO is GYR Capital Advisors Private Limited, while KFin Technologies Limited serves as the registrar. Wiinance Financial Services Private Limited is the market maker for the IPO.

Voler Car IPO Subscription Status & Grey Market Premium (GMP)

As of 12:30 PM on February 14, 2025, the Voler Car IPO subscription status stands at 7.11 times on the last day. However, the Grey Market Premium (GMP) is currently ₹ 0, indicating no major speculative activity before listing. The GMP depends on market demand and supply, and its significance is limited before the stock's official listing.

Voler Car IPO Anchor Investors

The company has secured ₹ 7.50 crores from anchor investors at ₹ 90 per share, allocating 8,33,600 equity shares to them. As per regulations, anchor investor allotments are part of the QIB (Qualified Institutional Buyers) reservation portion.

Voler Car IPO Allotment and Listing Dates

The IPO allotment is expected to be finalized on February 17, 2025, and investors can check their status through the registrar’s website. The shares are scheduled to list on the NSE SME platform on February 19, 2025.

How to Check Voler Car IPO Allotment Status:

• Visit the IPO allotment status page on the registrar’s website.

• Select Voler Car Limited IPO from the list.

• Enter your application number, PAN, or DP Client ID.

• Submit the details to check the allotment status.

Voler Car Financial Performance and IPO Review

Voler Car’s revenue from operations has shown steady growth:

• ₹ 2,157.67 lakh (September 30, 2024)

• ₹ 3,145.15 lakh (FY 2024)

• ₹ 2,662.97 lakh (FY 2023)

• ₹ 2,482.84 lakh (FY 2022)

The EBITDA and Profit After Tax (PAT) figures indicate consistent profitability:

• EBITDA: ₹ 345.11 lakh (Sep 2024), ₹ 586.55 lakh (FY24), ₹ 359.47 lakh (FY23)

• PAT: ₹ 248.57 lakh (Sep 2024), ₹ 356.29 lakh (FY24), ₹ 199.23 lakh (FY23)

Key Financial Ratios:

• Pre-Issue EPS: ₹ 4.71 | Post-Issue EPS: ₹ 3.20 (FY24)

• Pre-Issue P/E Ratio: 19.11x | Post-Issue P/E Ratio: 28.15x (vs. Industry P/E 15x)

• ROCE: 123.06% | ROE: 249.01% | RoNW: 110.91%

Voler Car IPO Verdict: Subscribe or Avoid?

Given the high post-issue P/E ratio (28.15x) compared to the industry average (15x), the IPO appears fully priced. Furthermore, with a GMP of ₹ 0, it is unlikely to deliver significant listing gains. Investors should assess their risk appetite before subscribing.

The Upcoming IPOs in this week and coming weeks are Royalarc Electrodes Limited, Tejas Cargo India Limited, Quality Power Electrical Equipments.

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

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