Subscribed 4.98x, GMP & Details

Voler Car IPO Subscribed Over 4 Times on Day 3: Check GMP, Price Band, and Other Details

The SME initial public offering (IPO) of Voler Car concluded on Friday, February 14, with significant investor interest. The IPO was subscribed 4.98 times overall by 10:50 AM on the final day of bidding.

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Subscription Details

Here's a breakdown of the subscription status:

• Overall Subscription: 4.98 times
• Retail Portion: Subscribed 6.1 times
• Non-Institutional Investors (NII): Subscribed 4.28 times
• Qualified Institutional Buyers (QIB): Subscribed 3.51 times

Voler Car IPO GMP on Day 3

Ahead of its listing, the company's shares were trading with a Grey Market Premium (GMP) of Rs 9 in the unlisted market on Friday. This indicates a premium of 10% over the upper end of the IPO price band of Rs 90.

Allotment and Listing Dates

Key dates for investors to note:

• Share Allotment Finalisation: February 17
• Listing on NSE SME Platform: February 19

Price Band

The IPO was priced in the range of Rs 85-90 per share. Investors could bid for a minimum of 1600 shares in one lot and in multiples thereafter.

About Voler Car

Voler Car provides employee transportation services (ETS) to IT/ITeS companies, large corporations, and MNCs in major Indian cities.

Core Services Include:

• Comprehensive home-to-office-to-home transportation
• 24/7 customer service
• Dedicated location teams
• Verified vehicles and chauffeur-drivers

Key Operational Details:

• Manages a pooled fleet of over 2,500 vehicles
• Completed 3,23,550 trips in fiscal year 2023-24
• Averages over 884 trips per day

Asset-Light Model

Voler Car operates largely on an asset-light model, sourcing the majority of its vehicles from vendors rather than owning them. This strategy optimizes revenue through seat usage and employee mobility.

Financial Performance

For the period ended September 2024, the company reported:

• Revenues of Rs 21 crore
• Profit after tax of Rs 2.48 crore

Book Running Lead Manager and Registrar

• Book Running Lead Manager: GYR Capital Advisors
• Registrar: Kfin Technologies

Voler Car's successful IPO subscription reflects investor confidence in its business model and growth potential.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Voler Car IPO: Subscribed 2x on Day 2, GMP & Details

Voler Car IPO Subscribed Over 2 Times on Day 2: Check GMP, Price Band, and Details

The SME initial public offering (IPO) of Voler Car has garnered significant interest, being fully subscribed 2.54 times by the end of Day 2. The IPO, which opened for public bidding on February 12, aims to raise Rs 27 crore.

Subscription Status

As of 12:50 PM on Thursday, February 13:

• Overall Subscription: 2.54 times
• Retail Portion: Subscribed 2.81 times
• Non-Institutional Investors (NII): Subscribed 60%
• Qualified Institutional Buyers (QIB): Subscribed 3.51 times

Voler Car IPO GMP (Day 2)

Ahead of listing, the company's shares were trading with a Grey Market Premium (GMP) of Rs 11 on Thursday. This indicates a premium of 12.2% over the upper end of the IPO price band of Rs 90.

Allotment and Listing Dates

• Share Allotment: February 17
• Listing Date: February 19 (on the NSE SME platform)

Voler Car IPO Price Band

The IPO is priced in the range of Rs 85-90 per share. Investors can bid for a minimum of 1600 shares in one lot and in multiples thereafter.

About Voler Car

Voler Car is primarily engaged in providing employee transportation services (ETS) to IT/ITeS, large corporates, and MNCs across major cities in India.

Key Features of Voler Car's Services:

• Comprehensive home-to-office-to-home transportation
• 24/7 customer service
• Dedicated location teams
• Fleet of verified vehicles and chauffeur-drivers

The company manages a pooled fleet of over 2,500 vehicles, including cars, sedans, SUVs, electric vehicles, buses, and tempo travelers. In fiscal year 2023-24, it completed 3,23,550 trips, averaging over 884 trips per day.

Asset-Light Model

Voler Car operates largely on an asset-light model, where the majority of vehicles are sourced from vendors rather than owned. This strategy allows the company to maximize revenue by optimizing seat usage and enhancing overall employee mobility.

Financial Performance

For the period ended September 2024, the company reported revenues of Rs 21 crore and a profit after tax of Rs 2.48 crore.

Lead Managers and Registrar

• Book-Running Lead Manager: GYR Capital Advisors
• Registrar: Kfin Technologies

With the IPO closing on February 14, potential investors should consider these details before making a decision.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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