Voler Car IPO is a book-built issue worth ₹27.00 crores, consisting entirely of a fresh issue of 30.00 lakh shares.
The subscription window for Voler Car IPO opens on February 12, 2025, and closes on February 14, 2025. The allotment process is expected to be finalized on Monday, February 17, 2025. The IPO is set to list on NSE SME, with a tentative listing date scheduled for Wednesday, February 19, 2025.
Voler Car operates in the urban mobility solutions sector. They provide self-drive car rentals and employee transportation services to IT/ITeS, large corporates, and MNCs across various major cities in India. Their fleet includes a variety of vehicles such as small cars, sedans, SUVs, electric vehicles, buses, and tempo travelers.
The price band for Voler Car IPO is set between ₹85 and ₹90 per share. Investors must apply for a minimum lot size of 1,600 shares. Retail investors are required to invest at least ₹1,36,000, but it is advisable to bid at the cutoff price, which amounts to approximately ₹1,44,000, to mitigate the risk of oversubscription. For HNIs, the minimum investment is 2 lots (3,200 shares), amounting to ₹2,88,000.
GYR Capital Advisors Private Limited is the book-running lead manager for the Voler Car IPO, with Kfin Technologies Limited serving as the registrar. Wiinance Financial Services Private Limited has been appointed as the market maker for the issue.
Voler Car IPO Details:
| Company Name | Voler Car Limited |
| Sector | Mobility Solutions |
| IPO Type | SME |
| IPO Open date | 12th Feb 2025 |
| IPO Close date | 14th Feb 2025 |
| Listing Exchanges | NSE |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Voler Car IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1600 | 1,44,000 |
| HNI (Min) | 2 | 3200 | 2,88,000 |
Voler Car IPO Timeline:
| IPO Open Date | 12th Feb 2025 |
| IPO Close Date | 14th Feb 2025 |
| Basis of Allotment | 17th Feb 2025 |
| Refund Initiation Date | 18th Feb 2025 |
| Shares Credit to Demat | 18th Feb 2025 |
| Listing Date | 19th Feb 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review Voler Car’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Mobility Solutions Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Voler Car and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
