Voler Car IPO GMP, Price, Date & Complete Details

Voler Car IPO-Complete Overview

Voler Car IPO under the SME IPO category is a book-build issue of Rs.27 Cr (30 lac Shares) by Voler Car Limited, which was incorporated in 2010 and started the business of providing trust and efficient employee transportation services (ETS) to large multinational clients and corporate clients. 

They provide home-to-office transportation with complete 24/7 customer care for teams and have over 2,500 vehicles, including buses, cars, electric vehicles, tempos, and SUVs.

The company runs its business in Kolkata, Mumbai, Pune, Bhubaneshwar, Delhi-NCR, and Ahmedabad based on corporate vendor-sourced and leased vehicle transportation for its clients. The company guarantees such transportation for pick-up and drop-off as per service level agreements (SLA).

The company integrates GPS tracking along with third-party technology to enable corporate travel and manages reservations, tracking, incident response, and SLAs to clients through a unified setup.

Services:

Employee Transportation Services: The company is providing Employee Transportation Services (ETS) at Kolkata, Mumbai, Pune, Bhubaneswar, Delhi-NCR, and Ahmedabad ensuring with living reliable home-to-office transportation with 24/7 operations for corporate clients.

 

Voler Car Limited IPO Overview

This Voler Car Limited IPO date is 12 February 2025, and its ‘initial public offering’ will end on 14 February 2025.    

This Rs.27 crore new SME IPO comprises a wholly fresh issue of 30 lac Shares.

This upcoming IPO date is on 12 Feb 2025. The Voler Car IPO Price is Rs.85 to Rs.90 for each Share. 

The expected IPO listing date is 19 Feb 2025, and the listing at NSE and SME.

The GMP of current IPOs can be viewed on our Live IPO GMP page, where you can get the current SME IPO GMP of all open IPOs.

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Company Financial

(Amount in Cr)

 

Cash Flows

The cash flows for various activities are mentioned below:

(Amount in lac)

 

City-wise Revenue Breakdown 

(Amount in lac)

(Source: RHP)

 

The Objective of The Issue

• Financing the company's working cash needs.

• General Corporate Purposes.

• IPO Issue Costs
  
  

Peers of Voler Car Ltd.

 

Evaluation

The IPO price is Rs.85 to Rs.90 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.4.71 from the last year, the resulting P/E ratio is 19.10x.

Considering the weighted EPS of Rs.3.41 for the last three years, the P/E ratio is 26.4x.

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is 15.42x.

In simple words, the P/E ratio of this IPO (19.10x), compared with the industry’s average P/E of 15.42x, has an overvaluation (on a P/E ratio basis only). Hence the price of the Share seems aggressively priced for the investors when considered based on the average P/E ratio of the industry.

 

IPO's Strengths

• Strong established relationships with customers for many years.

• Established brand.

• Business model light on assets.

• Supporting a management and execution team of experienced promoters.

• Scalable business models.

 

IPO’s Weaknesses

• Dependency on Key Clients- The top ten customers accounted for 99.73% of revenues on September 30, 2024, a substantial portion of total income to the company. Thus, loss of revenue from one or more of the company's customers can severely impact revenue and profitability levels.

• Risks of Compliance and Regulation- The company remains subject to various government policies, including those regarding the environment. Stricter compliance standards and increased operating costs could result in damage in such a case.

• Economic and Political Uncertainties: A number of factors, including inflation rates,  and geopolitical concerns, could have a negative impact on the business. 

 

 

Voler Car IPO GMP 

Voler Car IPO GMP is Rs.11 as of 10 Feb 2025.

IPO Timetable (Tentative)

The IPO date is 12 Feb, with allotment on 17 Feb, refund initiation on 18 Feb, and listing on 19 Feb 2025. 

 

Voler Car IPO Details 

The IPO with a Face Value of Rs.10 per share offers a total issue size of 30,00,000 Shares (Rs.27 Cr).

 

Voler Car IPO Lot Details 

The Voler Car Limited IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1600 Shares) amounting to Rs.1,44,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (3200 Shares) amounting to Rs.2,88,000.

 

IPO Reservation (% of Net Issue)

 

Promoters And Management of Voler Car Ltd.

• Mr. Vikas Parasrampuria

• Mr. Pawan Parasrampuria

 

IPO Lead Managers

GYR Capital Advisors Private Limited.

Dividend Policy

The company has not declared a dividend in the last three years.

Conclusion

Voler Car IPO is going to raise Rs.27 crore via a fresh issue of 30 lakh shares. The company is well-established in the field of corporate employee transportation, and heavily dependent on its key clients. Over the years, it has shown a growth pattern, but the IPO is priced high relative to industry averages according to the P/E ratio. 

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DISCLAIMER: NOT a buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always discuss with an eligible financial advisor before investing.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company  Click Here to Download the DRHP.

DISCLAIMER: This is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions. 

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