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The Voler Car IPO is a book-built issue of ₹27.00 crores, consisting entirely of a fresh issue of 30.00 lakh shares.
The Voler Car IPO will open for subscription on February 12, 2025, and close on February 14, 2025. The allotment for the IPO is expected to be finalized on Monday, February 17, 2025. The listing on NSE SME is tentatively scheduled for Wednesday, February 19, 2025.
The price band for the Voler Car IPO has been set at ₹85 to ₹90 per share. The minimum lot size for an application is 1,600 shares, with a minimum investment of ₹1,44,000 for retail investors. For HNI investors, the minimum lot size investment is 2 lots (3,200 shares), totalling ₹2,88,000.
For detailed insights, real-time updates on IPO GMP, as well as subscription status and allotment information, investors can rely on trusted platforms like IPO Watch, BSE IPO allotment, or the Voler Car Limited IPO Red Herring Prospectus (RHP). Staying informed about these key details is essential for making well-informed investment decisions regarding this IPO.
| IPO Date | February 12, 2025 to February 14, 2025 |
| Listing Date | February 12 |
| Face Value | ₹10 per share |
| Price Band | ₹85 to ₹90 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 30,00,000 shares (aggregating up to ₹27.00 Cr) |
| Fresh Issue | 30,00,000 shares (aggregating up to ₹ 27.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 81,43,527 shares |
| Share Holding Post Issue | 1,11,43,527 shares |
| Market Maker Portion | Share Holding Pre-Issue |
| IPO Open Date | Wednesday, February 12, 2025 |
| IPO Close Date | Friday, February 14, 2025 |
| Basis of Allotment | Monday, February 17, 2025 |
| Initiation of Refunds | Tuesday, February 18, 2025 |
| Credit of Shares to Demat | Tuesday, February 18, 2025 |
| Listing Date | Wednesday, February 19, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 14, 2025 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,44,000 |
| Retail (Max) | 1 | 1600 | ₹1,44,000 |
| HNI (Min) | 2 | 3,200 | ₹2,88,000 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 18.33 | 10.99 | 11.9 | 12.13 |
| Revenue | 21.58 | 31.45 | 26.63 | 24.83 |
| Profit After Tax | 2.49 | 3.56 | 1.99 | 0.79 |
| Net Worth | 10.93 | 3.21 | -0.35 | -2.34 |
| Reserves and Surplus | 2.78 | 3.06 | -0.5 | -2.49 |
| Total Borrowing | 0.39 | 1.19 | 3.8 | 5.55 |
Maximizing Opportunities with Voler Car Limited IPO
Voler Car Private Limited, founded in 2010 by Vikas Parasrampuria, operates self-drive car rental services in cities like Delhi, Bangalore, and Pune. Despite securing funding in 2016 from investors like the Kanodia family and Amit Banka to expand into cities such as Mumbai and Hyderabad, the company has not gone public. As of March 2019, its revenue ranged between INR 1 crore and 100 crores, with a sharp EBITDA decline of 1016.35%.
