Voler Car Limited is coming up with an IPO with a fresh issue of 31,00,000 shares worth INR 27.00 crores. The company aims to fund working capital requirements and meet general corporate purposes. 

Voler Car IPO – Important Dates 

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Voler Car Limited IPO – Company Profile 

Voler Car Limited provides employee transportation services (ETS) to IT/ITeS, corporates, and MNCs across major Indian cities, managing 2,000+ vehicles and completing 3,23,550 trips in FY 2023-24 with 24/7 support and verified chauffeurs. 

Operating an asset-light model, Voler Car Limited optimises corporate mobility by sourcing most vehicles from vendors. They serve Kolkata, Mumbai, Pune, Bhubaneshwar, Delhi-NCR, and Ahmedabad, ensuring timely transportation with SLAs for reliability. 

Safety and efficiency are key at Voler Car Limited, where they prioritise women’s security with escorts if necessary. Their integrated GPS and third-party technology allow seamless management of corporate travel, reservations, and SLAs. 

Voler Car Ltd IPO Fundamental Analysis 

Voler Car Limited’s financial analysis reveals a mixed performance. Revenue has shown steady growth, while profitability has improved significantly, boosting investor confidence. However, the company faces increased reliance on debt financing and challenges in short-term liquidity management. 

• Revenue Trend: The revenue increased from ₹2,372.51 lakhs in March 2022 to ₹2,396.07 lakhs in March 2024. The revenue for the current year’s 12-month period ending March 2024 is INR 3,089.71 lakhs.
• Equity and Liabilities: Equity has shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has increased, indicating rising reliance on debt financing. 
• Profitability: The profit after tax (PAT) has significantly increased from ₹92.85 lakhs in March 2022 to ₹416.68 lakhs by March 2024. This improvement in profitability could be a source of confidence among investors. 
• Earnings per Share (EPS): The diluted EPS has risen from ₹1.23 in March 2022 to ₹5.51 by March 2024, reflecting higher earnings per share for investors. 
• Return on Net Worth (RoNW): The RoNW has reduced from 29.81% to (135.70)%, indicating a decrease in the company’s ability to generate returns on shareholder equity. 
• Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations. 

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Voler Car IPO Financial Analysis 

Voler Car Limited IPO Peer Comparison 

Voler Car Limited shows steady revenue and strong earnings per share but faces challenges with return on net worth. Wise Travel India Limited demonstrates high profitability and return on equity, while Shree OSFM E-Mobility Limited maintains balanced growth. 

Voler Car Ltd IPO Objective 

The main objective of Voler Car Limited is to meet working capital requirements. 

1. Funding the working capital requirements: The company intends to utilise INR 20.38 crores from the net proceeds to fund its working capital needs for fiscal 2025 and 2026, supported by internal accruals and financing facilities from various institutions. 

2. General Corporate Purposes: The company will deploy the balance of funds for general corporate purposes, including meeting operating expenses, general procurement, brand building, strengthening marketing activities, and addressing ongoing corporate exigencies or other purposes. 

Voler Car IPO Risks And Challenges 

Voler Car Limited’s risk includes reliance on vendor-supplied vehicles, the potential impact of vendor relationship changes, customer expectations not being met, and geographic concentration in Kolkata and Mumbai, making it vulnerable to economic, regulatory, and social shifts. 

• With no exclusive agreements, the company relies on vendor-supplied vehicles and chauffeurs for operations. Changes in vendor relationships, including withdrawals or contract issues, could significantly impact vehicle availability and business operations. 

• The company has long-term relationships with key customers across industries. Failure to meet customer expectations, contract cancellations, delays, or loss of customers could adversely affect operations, revenue, financial condition, and prospects. 

• The company operates primarily in Kolkata and Mumbai, contributing significant revenue. Geographic concentration makes the business vulnerable to economic, regulatory, and social changes in these cities, potentially impacting operations, demand, and financial performance. 

Voler Car Ltd IPO – Industry & Market Potential 

The growing service sector, forecast to reach US$ 3,530 billion by FY 2030, growing at a CAGR of 9.7%, will drive corporate and shared mobility segments, benefiting from robust employment generation in India’s tertiary sector. 

The corporate employee transportation service market is expected to reach US$ 49.33 billion by 2028, growing at a CAGR of 8.3%, driven by the increasing corporate office presence, particularly in the Asia-Pacific region. 

The employee transportation service market, valued at ₹503.5 billion in 2023, is expected to grow at a CAGR of 11.8%, reaching ₹1097.6 billion by 2030, driven by the rise of corporates and employee expectations. 

Voler Car Limited IPO – Type of Offer 

Voler Car Limited is coming up with an IPO with a fresh issue of 31,00,000 shares worth INR 27.00 crores. The company aims to fund working capital requirements and meet general corporate purposes. 

Voler Car IPO Offer Size 

The offer size of Voler Car Limited is INR 27.00 crores, consisting of a fresh issue of 31,00,000 shares. The company aims to fund working capital requirements and meet general corporate purposes. 

Voler Car Limited IPO Allotment Structure 

Voler Car Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 2,12,800 shares are reserved for market makers. 

● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.

● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.

● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs. 

● Market Maker Reservation: A portion of shares, i.e. 2,12,800 shares, are reserved for market makers. 

Read more about Voler Car IPO Day 1 Subscription Status

How to apply for the Voler Car IPO?

To apply for the Voler Car Limited IPO through Alice Blue, follow these steps:

Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.

1. Check for IPO Details: Once your account is active, you can check for the Voler Car Limited IPO details in the IPO section of the Alice Blue platform.
2. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
3. Submit the Application: Confirm all your details and submit your application.

 You can apply for the Voler Car Limited IPO at Alice Blue in just a few clicks!

Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.

Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.

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How do you check Voler Car IPO Allotment Status?

Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:

1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the Voler Car Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Voler Car Limited IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.

 If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance. 

 Apart from Alice Blue, there are other ways to check the allotment status of the Voler Car Limited IPO:

● Registrar’s Website: Visit the website of KFin Technologies Limited, the registrar of the Voler Car Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.

● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status. 

Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.

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Voler Car Ltd IPO Offer Registrar

The registrar for the Voler Car Limited IPO is KFin Technologies Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.

Contact information for the registrar: 

KFin Technologies Limited

Selenium Tower-B, Plot 31 & 32, 

Gachibowli, Financial District, 

Nanakramguda, Serilingampally,

Hyderabad – 500 032, Telangana

Tel: +91 40 6716 2222

Email: [email protected]

Website: www.kfintech.com 

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Voler Car IPO – FAQs