Voler Car came to market through an SME IPO that opened on 12 February 2025 and closed on 14 February 2025, and the shares listed on 19 February 2025 on NSE SME. The price band was ₹85 to ₹90 per share and one lot was 1600 shares, so the minimum application was ₹1,44,000. The issue size was ₹27 crore. The whole issue was fresh shares, so the money raised went to the company.
Kfin Technologies Limited was the registrar to the issue, and GYR Capital Advisors Private Limited was the lead manager.
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Voler Cars Limited has been incorporated in the year 2010 with the business of providing reliable and efficient employee transportation services to big MNC's and corporate clients. The Company provides home to office transportation in a comprehensive way with 24/7 customer service, Dedicated teams, over 2,000 vehicles include cars, SUVs, Electric vehicles, Buses, tempo travelers, and many more. In FY 2023-24, The company has performed around 323,550 trips with an average of over 884 trips a day.
The company offers corporate transportation across Kolkata, Mumbai, Pune, Bhubaneshwar, Delhi-NCR, and Ahmedabad with vendor-sourced and leased vehicles while ensuring timely pick-ups and drop-offs per the service level agreement. The company integrates GPS tracking with third-party technology to handle corporate travel for reservations, tracking, incident response, and SLAs for its clients through one system.
As described in the offer document.
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Mr. Vikas Parasrampuria, Mr. Pawan Parasrampuria. Promoter holding 92.88% before the issue.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Voler Car IPO was a ₹27 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹85–₹90 per share with a lot size of 1,600 shares (₹1,44,000). The IPO was open from February 12 to February 14, 2025. Shares listed on NSE SME on February 19, 2025 at ₹90, in line with the issue price of ₹90. Kfin Technologies Limited is the registrar. GYR Capital Advisors Private Limited is the book running lead manager.
The price band of Voler Car IPO is ₹85 to ₹90 per share.
The lot size of Voler Car IPO is 1600 shares.
The minimum investment for Voler Car IPO is approximately ₹1,44,000 based on the upper price band.
The allotment date of Voler Car IPO is Feb 17, 2025.
Voler Car IPO's final recorded GMP before listing was ₹4 per share (a 4% premium over the ₹90 upper price band). The shares listed at ₹90. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Voler Car IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Voler Car IPO allotment status on Rupix for quick and easy access.
₹85 to ₹90 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,44,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,44,000, for one lot of 1600 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 12 February 2025 and closed on 14 February 2025.
The basis of allotment was published on 17 February 2025 by Kfin Technologies Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 19 February 2025 on NSE SME.
The issue size was ₹27 crore. The fresh issue was 30,00,000 shares (aggregating up to ₹27 crore).