Voler Car SME IPO Details, Financials, Valuation & Peers
Explore Voler Car IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Voler Car Limited provides employee transportation services (ETS) to IT/ITeS companies, large corporates, and MNCs across major Indian cities. The company operates an asset-light model, sourcing most vehicles from vendors while ensuring efficient fleet utilization. With a strong focus on safety, technology integration, and service reliability, Voler Car Limited has established itself as a trusted partner for corporate mobility solutions.
Key Points:
- Core Business: Provides employee transportation services (ETS) with home-to-office-to-home solutions for corporate clients.
- Fleet Size: Manages over 2,500 vehicles, including small cars, sedans, SUVs, electric vehicles, buses, and tempo travellers.
- Operational Scale: Completed approximately 3,23,550 trips in FY 2023-24 and 2,84,039 trips by November 30, 2024, in FY 2024-25.
- Geographic Presence: Operates in Kolkata, Mumbai, Pune, Bhubaneswar, Delhi-NCR, Ahmedabad, Lucknow, Jaipur, and Ludhiana.
- Business Model: Asset-light approach with most vehicles sourced from vendors, allowing cost optimization and efficient operations.
- Safety Measures: Ensures no last drop for women passengers without an escort and integrates GPS tracking for real-time monitoring.
- Technology Integration: Uses third-party technology combined with GPS tracking for seamless client travel management.
- Service Reliability: Adheres to strict Service Level Agreements (SLAs) for timely pick-ups and drop-offs.
Objects of the Issue
- Funding working capital requirements of the Company
- General Corporate Purposes.
- IPO Issue expenses
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 12 Feb - 14 Feb 2025 |
| IPO Price Band | ₹85 - ₹90 per share |
| Fresh Issue | 30,00,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹27 crore |
| Face Value | ₹10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 12 Feb 2025 |
| IPO Closing Date | 14 Feb 2025 |
| Basis Of Allotment | 17 Feb 2025 |
| Refunds | 18 Feb 2025 |
| Demat Transfer | 18 Feb 2025 |
| IPO Listing Date | 19 Feb 2025 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| Total Income | 24.83 | 26.63 | 31.45 | 21.58 |
| Total Expenses | 23.54 | 23.87 | 26.34 | 18.38 |
| Net Profit/Loss | 0.79 | 1.99 | 3.56 | 2.49 |
| NPM (*) | 3.32 | 8.31 | 11.53 | 11.56 |
| Total Assets | 12.13 | 11.90 | 10.99 | 18.33 |
| Total Liabilities | 14.47 | 12.25 | 7.78 | 7.40 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| EPS | 1.04 | 2.63 | 4.71 | 3.05 |
| ROE (%) | -28.79 | -147.93 | 249.01 | 35.16 |
| ROCE (%) | 60.68 | 88.30 | 123.06 | 30.02 |
| D/E Ratio | -2.37 | -10.84 | 0.37 | 0.04 |
| Current Ratio | 0.64 | 0.76 | 1.14 | 2.31 |
| EBITDA MARGIN (%) | 11.46 | 13.50 | 19.31 | 15.99 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Voler Car Limited | 30.90 | 19.11 | 4.71 | 110.91 | 4.25 |
| Wise Travel India Limited | 410.60 | 14.07 | 12.79 | 15.62 | 62.45 |
| Shree OSFM EMobility Limited | 118.19 | 16.77 | 7.02 | 15.24 | 14.33 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 9.34 |
| Non-Institutional Investor (NII/HNI) | 18.56 |
| Retail Individual Investor (RII) | 13.94 |
| Total | 13.62 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222/ 18003094001
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Company Promoters
- MR. VIKAS PARASRAMPURIA
- MR. PAWAN PARASRAMPURIA
Lead Managers
- GYR Capital Advisors Private Limited
Company Address
Voler Car Limited
22 Burtolla Street, 4th Floor, Kolkata - 700007, West Bengal, India
Phone: +91 9147359888
Email: compliance@volercars.com
Website: https://volercars.com
FAQs
- What is the issue size of the Voler Car SME IPO?The Voler Car SME IPO has an issue size of ₹27 crore. This includes a fresh issue of 30,00,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Voler Car IPO?The price band for the Voler Car IPO is ₹85 - ₹90 per share.
- What are the bidding dates for the Voler Car IPO?The Voler Car IPO will open for bidding on 12 Feb 2025 and close on 14 Feb 2025.
- What is the allotment date for the Voler Car IPO?The allotment date for the Voler Car IPO is 17 Feb 2025.
- What is the minimum lot size and investment required for the Voler Car IPO?The minimum lot size for the Voler Car IPO is 1600 shares and the minimum investment required is ₹1,44,000.
- What is the listing date for the Voler Car IPO?The listing date for the Voler Car IPO is 19 Feb 2025.
- What is the Voler Car IPO grey market premium?The grey market premium (GMP) for the Voler Car IPO is currently at ₹5, with an expected listing gain of approximately 5.56%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.