₹ 144000
₹85- ₹90
1600
₹89
0.00
14 Feb 2025
Download18 Feb 2025
19 Feb 2025
Application Details
The Voler Cars IPO is set to open on February 12, 2025, and close on February 14, 2025. The company is offering a total issue size of 30,00,000 shares through a Book Built Issue IPO, with a price band ranging from ₹85 to ₹90 per share. Each lot consists of 1,600 shares, and the issue aims to raise ₹27.00 crore through a fresh issue.
The face value of each share is ₹10, and the IPO will be listed on the NSE SME platform. As per the tentative schedule, the basis of allotment is expected to be finalized on February 17, 2025, followed by the initiation of refunds and the credit of shares to demat accounts on February 18, 2025. The IPO is likely to be listed on February 19, 2025.
About Voler Car Limited (SME IPO)
Incorporated in 2010, Voler Cars Limited provides reliable and efficient employee transportation services (ETS) to large MNCs and corporate clients. The company offers comprehensive home-to-office transportation with a fleet of over 2,500 vehicles, including cars, SUVs, electric vehicles, buses, and tempo travellers, supported by 24/7 customer service and dedicated teams. In FY 2023-24, Voler Cars completed approximately 3,23,550 trips, averaging over 884 trips daily.
Operating in Kolkata, Mumbai, Pune, Bhubaneswar, Delhi-NCR, and Ahmedabad, the company ensures timely pick-ups and drop-offs through vendor-sourced and leased vehicles, adhering to service level agreements (SLA). To enhance operational efficiency, Voler Cars integrates GPS tracking with third-party technology, enabling seamless management of reservations, tracking, incident response, and SLA compliance. As of December 31, 2024, the company employs 774 personnel, ensuring smooth execution of its transportation services.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.