Upcoming IPO: Voler Cars IPO Opens on February 12; Price Band Set at ₹85-90 Apiece – Check GMP & Key Details
Voler Cars IPO: The much-anticipated Voler Cars IPO is set to open for subscription on Wednesday, February 12, 2025, and will close on Friday, February 14, 2025. Investors are eagerly eyeing this small and medium enterprise (SME) IPO, as the company has shown promising financial growth in recent years.
Voler Cars IPO Key Details
- IPO Opening Date: February 12, 2025
- IPO Closing Date: February 14, 2025
- Price Band: ₹85 to ₹90 per equity share
- Face Value: ₹10 per share
- Lot Size: 1,600 shares
- Minimum Investment Amount: ₹136,000 (for retail investors)
- Total Issue Size: 30,00,000 equity shares (Fresh Issue)
- Total Issue Amount: ₹27 crore
- IPO Allocation:
- Qualified Institutional Buyers (QIBs): 50%
- Retail Investors: 35%
- Non-Institutional Investors (NIIs): 15%
- Listing Exchange: NSE SME
- Registrar: Kfin Technologies Limited
- Lead Manager: GYR Capital Advisors Private Limited
- Market Maker: Wiinance Financial Services Private Limited
About Voler Cars Ltd
Voler Cars Ltd is a leading corporate mobility solutions provider in India, offering extensive transportation services across major cities like Delhi-NCR, Kolkata, Mumbai, Pune, Bhubaneshwar, and Ahmedabad. The company manages a diverse fleet of over 2,500 vehicles, including cars, SUVs, electric vehicles (EVs), buses, and tempo travelers. Voler Cars specializes in employee transportation services, ensuring punctual pick-ups and drop-offs for corporate clients while adhering to strict service level agreements (SLAs).
With a strong operational base and a 24/7 customer support team, the company has successfully built a reputation for reliability and efficiency in corporate transportation.
Voler Cars Financial Performance
Voler Cars Ltd has exhibited strong financial growth, with consistent improvement in profit after tax (PAT) and PAT margins over the past two fiscal years.
| Financial Year | PAT (₹ in Lakhs) | PAT Margin (%) |
|---|---|---|
| FY 2023 | ₹199.23 | 8.31% |
| FY 2024 | ₹356.29 | 11.53% |
The significant rise in PAT and margin indicates strong profitability and operational efficiency.
Comparison with Competitors
According to the red herring prospectus (RHP), Voler Cars competes with companies like Wise Travel India Ltd and Shree OSFM E-Mobility Ltd. Their price-to-earnings (P/E) ratios are as follows:
| Company Name | P/E Ratio |
|---|---|
| Wise Travel India Ltd | 14.07 |
| Shree OSFM E-Mobility Ltd | 16.77 |
Although Voler Cars’ P/E ratio is yet to be determined, its strong financials suggest it could be a lucrative investment opportunity for investors looking for exposure to the growing corporate mobility sector.
Use of IPO Proceeds
Voler Cars intends to utilize the net proceeds from the IPO for the following purposes:
- Working Capital Requirements – To fund business expansion and fleet enhancement.
- General Corporate Purposes – To strengthen overall operations.
- IPO Issue Costs – To cover expenses related to the public offering.
Voler Cars IPO GMP Today
As of today, the grey market premium (GMP) for Voler Cars IPO stands at ₹11. This suggests that shares are trading at a premium, with an estimated listing price of ₹101 per share (based on the upper end of the price band at ₹90). This reflects a potential gain of 12.22% over the issue price.
It is important to note that GMP trends can fluctuate before the listing date, depending on market sentiment and demand.
Should You Subscribe to Voler Cars IPO?
Here are some key reasons why investors might consider subscribing to the Voler Cars IPO:
✅ Strong Financial Growth – Increasing PAT and higher margins compared to the previous fiscal year.
✅ Growing Corporate Mobility Market – Rising demand for structured employee transportation solutions.
✅ Diverse Fleet & Expanding Operations – Presence in multiple cities with a robust fleet.
✅ Competitive Advantage – SLA-driven operations ensure efficiency and reliability.
However, investors should also consider potential risks, such as market fluctuations, competition, and regulatory changes in the mobility sector. Conducting thorough due diligence before making an investment decision is advisable.
Conclusion
The Voler Cars IPO presents a promising opportunity for investors, particularly those looking for growth in the corporate mobility sector. With strong financial performance, a well-established market presence, and a reasonable IPO valuation, Voler Cars could be a compelling addition to investment portfolios.
As the IPO opens for subscription on February 12, 2025, investors should keep a close watch on market trends and GMP updates before making their final decision.
Stay tuned for more updates on the Voler Cars IPO and stock market insights!
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.