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15 Days Price Change

Voler Car IPO

Closing In

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Profile
Issue Size --
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Price Range 85  to  90 per share
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Min Investment ₹90
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Lot Size 1
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Face Value ₹10
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Draft Prospectus --
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Voler Cars Limited, established in 2010, specializes in providing reliable and efficient Employee Transportation Services (ETS) to large multinational corporations and corporate clients. The company offers a comprehensive home-to-office transportation solution, ensuring 24/7 customer support, dedicated teams, and a fleet of over 2,500 vehicles, including cars, SUVs, electric vehicles, buses, and tempo travelers. In FY 2023-24, Voler Cars completed around 323,550 trips, averaging over 884 trips daily. The company operates in major cities such as Kolkata, Mumbai, Pune, Bhubaneswar, Delhi-NCR, and Ahmedabad, providing corporate transportation with vendor-sourced and leased vehicles, all adhering to strict service level agreements (SLAs) for timely pick-ups and drop-offs. Voler Cars integrates GPS tracking and third-party technology to manage corporate travel, ensuring efficient reservation handling, tracking, incident response, and SLA compliance. As of December 31, 2024, the company employs 774 people. Voler Cars’ competitive strengths include long-standing customer relationships, a well-established brand built through operational excellence, an asset-light business model, experienced promoters, a strong management team, and a scalable business model, all contributing to their commitment to quality service. Read More

Basic Info

Face Value 10 per share

Price 85  to  90 per share

P/E (x) 17

Sales( Cr.) 42

PAT( Cr.) 4

EPS 5.3

Draft Prospectus --

Exchange NSE-SME

Promoter

Company Promoters

Mr. Vikas Parasrampuria Mr. Pawan Parasrampuria.

Pre Issue Share Holding 71.43%

Post Issue Share Holding 52.18%

Listing Details:

Listing Price: 90

Listing Gain: 0%

Current Price: 234.4

Gain On Issue: 234.4 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Feb 12, 2025
Closing Date Feb 14, 2025
Allotment Feb 17, 2025
Refund Feb 18, 2025
Delivery of Shares Feb 18, 2025
Listing Date Feb 19, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1600 144,000
Retail (Max) 1 1600 144,000
S-HNI (Min) 2 3200 288,000
S-HNI (Max) 6 9600 864,000
B-HNI (Min) 7 11200 1,008,000

Objective of the Issue

1. Funding working capital requirements of the Company. 2. General Corporate Purposes. 3. IPO Issue expenses.

Issue

Category Nos Bid Bid (x)
QIB 1500000 14010000 9.3x
NII 450000 8352000 18.6x
Retail 1050000 14637000 13.9x
EMP 0 0 0x
Total 3000000 40860000 13.6x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Voler Car Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 24 24 31 42
Other Income 1 3 2 1
Total Income 25 27 33 43
Total Expenditure 22 23 26 38
Operating Profit 3 4 7 5
Interest 1 0 0 0
Depreciation 1 1 0 0
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 1 3 7 5
Provision for Tax 0 1 -1 1
Profit After Tax 1 2 8 4
Adjustments 0 0 0 0
Profit After Adjustments 1 2 8 4
Adjusted Earnings Per Share 1.2 2.7 11.1 4

Voler Car Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds -3 -1 3 37
Minority's Interest 0 0 0 0
Borrowings 5 3 0 0
Other Non-Current Liabilities -3 -2 -1 0
Total Current Liabilities 9 9 7 6
Total Liabilities 8 9 10 44
Fixed Assets 1 0 0 0
Other Non-Current Assets 1 1 0 1
Total Current Assets 6 7 9 43
Total Assets 8 9 10 44

Voler Car Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 1
Cash Flow from Operating Activities 4 2 3 1
Cash Flow from Investing Activities -0 -0 -0 -24
Cash Flow from Financing Activities -3 -2 -2 29
Net Cash Inflow / Outflow 0 -0 1 6
Closing Cash & Cash Equivalent 0 0 1 7

Voler Car Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.23 2.67 11.05 4.04
CEPS(Rs) 2.41 3.4 11.37 4.13
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) -4.12 -1.45 3.84 33.23
Core EBITDA Margin(%) 7.35 3.86 15.86 11.25
EBIT Margin(%) 8.23 12.71 23.84 12.77
Pre Tax Margin(%) 5.43 11.52 23.5 12.67
PAT Margin (%) 3.91 8.42 27.06 10.61
Cash Profit Margin (%) 7.68 10.72 27.84 10.86
ROA(%) 11.61 24.41 92.28 16.94
ROE(%) 0 0 923.41 22.53
ROCE(%) 80.21 118.56 216.67 26.34
Receivable days 25.97 30.96 35.87 35.2
Inventory Days 0 0 0 0
Payable days 0 0 0 0
PER(x) 0 0 0 20.81
Price/Book(x) 0 0 0 2.53
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.23 0.16 0.01 1.47
EV/Core EBITDA(x) 1.92 1.06 0.05 11.66
Net Sales Growth(%) 0 0.99 28.95 37.22
EBIT Growth(%) 0 55.96 141.85 -26.47
PAT Growth(%) 0 117.38 314.24 -46.19
EPS Growth(%) 0 117.39 314.24 -63.48
Debt/Equity(x) -1.78 -3.47 0.41 0
Current Ratio(x) 0.64 0.76 1.23 6.81
Quick Ratio(x) 0.65 0.77 1.23 6.81
Interest Cover(x) 2.94 10.7 71.78 121.69
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 35% 21% 0% 0%
Operating Profit CAGR -29% 19% 0% 0%
PAT CAGR -50% 59% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 154% NA% NA% NA%
ROE Average 23% 315% 236% 236%
ROCE Average 26% 121% 110% 110%

Company Contact Information

Voler Car Ltd.

22 Burtolla Street, 4th Floor

IPO Lead Manager(s)

Voler Car Ltd.

GYR Capital Advisors Pvt Ltd.

Registrar Info

Voler Car Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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