Voler Car IPO subscribed overall 13.62 times on the last day, while A retail quota was subscribed 13.94 times, QIB subscribed 9.34 and NII quota subscribed 18.56 times respectively.
Details About Voler Car
Voler Car IPO got approval from SEBI for an IPO of ₹27.00 crores via IPO fully a fresh issue of ₹27.00 crores to raise funds and maintain financial stability.
Voler Car IPO’s face value of each share was Rs 10.
Moreover, the company has set up a price band between ₹85 to ₹90 per share. In the Voler Car IPO, a total of 1600 shares were available in 1 lot size for the minimum Retail category and maximum retail category. while S-HNI (Min) total of 3200 shares in 2 lot sizes.
To invest in Voler Car IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹1,44,000 and maximum investment.
- Small HNI (S-HNI): Minimum investment of ₹2,88,000
Voler Car IPO Subscription Duration
Voler Car IPO was opened for subscription on February 12, 2025, and was closed for subscription on February 14, 2025.
Voler Car IPO Allotment status of Voler Car was finalized on February 17, 2025, whereas the Voler Car IPO listing is to be announced on February 19, 2025.
Voler Car IPO Funds Deployment
Volar Car IPO has decided to use it properly IPO proceeds
- The decided amount would be towards the working capital requirement of the Volar car company.
- Some of the money will be utilized for general corporate purposes.
- The rest would be towards IPO Issue expenses
About Voler Car IPO
ETS services play an essential role in supporting work-life balance and travel needs. “Volar Car Limited” is a leading company that offers high-quality employee transportation services (ETS) to multinational corporations (MNCs) and other businesses.
As it has around 2000 vehicles for work including electric vehicles, tempo travelers, and a variety of cars, it can offer 24/7 services from home- to the office.
Financially, the revenue portion is 31.45 Cr in 2024 and 26.63 Cr in 2023. Along with revenue, PAT has also increased from 2.02 to 4.17 Cr respectively.
Voler Car IPO Financial Background
The company reported revenue of ₹31.45 crores in 2024 against ₹26.63 crore in 2023. The company reported profit of ₹4.17 crores in 2024 against profit of ₹2.02 crores in 2023.
