Voler Car Limited
IPO Details
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Voler Car Limited's completed its IPO journey with a successful listing on NSE on Feb 19, 2025. The public offering mobilized 30,00,000 Shares in total capital, comprising 30,00,000 Shares in fresh equity.
The offering was conducted within the price band of ₹85 to ₹90, with minimum application lots of 1600 shares. Investor participation during the Feb 12, 2025 to Feb 14, 2025 subscription window determined the final allocation pattern.
The basis of allotment was announced on Feb 17, 2025, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Founded in 2010, Voler Cars Limited provides safe and reliable employee transportation solutions for multinational companies and corporate clients. The company operates a fleet of over 2,000 vehicles, including cars, SUVs, electric vehicles, buses, and tempo travelers, offering round-the-clock customer support and efficient service. In FY 2023-24, it completed around 323,550 trips, averaging 884 trips per day. Operating across major cities like Kolkata, Mumbai, Pune, Bhubaneshwar, Delhi-NCR, and Ahmedabad, Voler Cars ensures timely pick-ups and drop-offs through vendor-sourced and leased vehicles managed under strict SLAs. With GPS tracking and advanced technology, it enables smooth trip scheduling, real-time monitoring, and seamless corporate travel management.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong Customer Relationships – Trusted by major MNCs and corporate clients, ensuring consistent business and repeat partnerships.
- Reputable Brand & Reliable Operations – Earned a solid reputation through dependable service, on-time performance, and commitment to SLAs.
- Flexible, Asset-Light Model – Uses vendor-sourced and leased vehicles to keep costs low while allowing for easy scaling and adaptability.
- Reliance on Vendors – The business depends on third-party vehicle suppliers and chauffeurs, which can lead to potential disruptions or contract changes.
- Customer Concentration Risk – A large share of revenue comes from loyal customers, so losing key clients could impact stability.
- Revenue Dependence on Top Clients – The majority of earnings come from the top ten customers, making it important to maintain strong relationships with them.
- Mr. Vikas Parasrampuria
- Mr. Pawan Parasrampuria
Voler Car Limited
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