IPO Details
Bidding Dates
12 Feb 25 - 14 Feb 25
Price Range ₹
85 - 90
Total Equity
₹ 27.90Cr
Lot Size
1600
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
12 Feb 2025
Offer end
14 Feb 2025
Allotment
17 Feb 2025
Refund initiation
18 Feb 2025
Demat transfer
18 Feb 2025
Listing
19 Feb 2025
Offer start
12 Feb 2025
Offer end
14 Feb 2025
Allotment
17 Feb 2025
Refund initiation
18 Feb 2025
Demat transfer
18 Feb 2025
Listing
19 Feb 2025
About Company
Founded in 2010, Voler Cars Limited specializes in providing efficient and reliable employee transportation services for multinational corporations and corporate clients. The company offers end-to-end home-to-office transport solutions, supported by 24/7 customer service, dedicated teams, and a fleet of over 2,500 vehicles, including cars, SUVs, electric vehicles, buses, and tempo travelers. During the financial year 2023-24, the company successfully completed around 3,23,550 trips, averaging more than 884 trips per day. Operating in cities such as Kolkata, Mumbai, Pune, Bhubaneswar, Delhi-NCR, and Ahmedabad, the company ensures seamless corporate transportation through vendor-sourced and leased vehicles, adhering to strict service level agreements for punctual pick-ups and drop-offs. Voler Cars integrates GPS tracking with third-party technology to streamline corporate travel management, including reservations, live tracking, incident response, and compliance with client service agreements through a centralized system. Services: - Employee transportation services: The company provides structured transportation solutions in Kolkata, Mumbai, Pune, Bhubaneswar, Delhi-NCR, and Ahmedabad, ensuring safe and timely home-to-office transfers with round-the-clock operations for corporate clients. As of December 31, 2024, the company employs 774 professionals.
Year Founded
24-06-2010
Promotor Details
Pawan Parasrampuria
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 92.88 | 67.87 |
| Share Capital | 7563657 | 7563657 |
Offer to Public
31,00,000.00 Cr
Project Details
- Funding working capital requirements of our Company - 203.825cr
- General corporate purposes - 36.475cr
Objectives
- Funding working capital requirements of our Company
- andGeneral Corporate Purposes.IPO Issue expenses
Highlights
- Expertise in employee transportation services, catering specifically to the IT and corporate sectors.
- A large fleet equipped with advanced GPS tracking ensures efficient and reliable service.
- Presence in major cities enhances market coverage and business opportunities.
- Round-the-clock customer support ensures high service reliability and client satisfaction.
- Asset-light business model provides operational flexibility and scalability.
Challenges
- Heavy reliance on corporate clients could lead to revenue fluctuations if contracts are lost or reduced.
- Changes in regulations may increase operational costs and impose stricter compliance requirements.
- The asset-light model limits direct control over vehicle quality and service standards.
- Any disruptions or failures in GPS technology could impact tracking, scheduling, and overall service reliability.
- Strong competition in the corporate transportation sector may lead to pricing pressures and reduced profit margins.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 920.29 | 14.83 | 92.85 | 92.85 | 1.2276 |
| 2023 | 853.66 | 14.83 | 92.85 | 92.85 | 1.2276 |
| 2022 | 799.79 | 14.83 | 416.68 | 416.68 | 5.5092 |
