Voler Car IPO Upcoming
Already have an account? Apply now
Schedule of Voler Car
| Issue open date | 12 Feb 2025 |
| Issue close date | 14 Feb 2025 |
| UPI mandate deadline | 14 Feb 2025 (5 PM) |
| Allotment finalization | 17 Feb 2025 |
| Refund initiation | 18 Feb 2025 |
| Share credit | 18 Feb 2025 |
| Listing date | 19 Feb 2025 |
| Mandate end date | 01 Mar 2025 |
| Lock-in end date for anchor investors (50%) | 19 Mar 2025 |
| Lock-in end date for anchor investors (remaining) | 18 May 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Voler Car
Voler Car specializes in providing employee transportation services (ETS) to IT/ITeS companies, large corporates, and MNCs across major Indian cities. The company offers a comprehensive home-to-office transportation solution, supported by a 24/7 customer service, dedicated teams, and a fleet of over 2,500 verified vehicles including electric and various other types. Operating on an asset-light model, Voler Car uses primarily vendor-sourced vehicles, enhancing mobility and optimizing revenue through seat usage. The service guarantees timely transportation under strict service level agreements, with additional safety measures like escort services for women. Voler Car is well-positioned for growth in the corporate transport sector.
Financials of Voler Car
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹27 crores |
| Fresh Issue | ₹27 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working Capital Requirement | 20.38 (75.48%) |
| General corporate purposes | 23.77 (24.52%) |
Strengths
- Specializes in employee transport for IT and corporate sectors.
- Large fleet with advanced tracking enhances service capability.
- Operates across major cities, broadening market reach.
- 24/7 customer support ensures high service reliability.
- Asset-light model promotes operational flexibility.
Risks
- Dependence on corporate clients may cause revenue volatility.
- Regulatory changes could increase costs and affect compliance.
- Asset-light model may impact service quality control.
- Disruptions in GPS technology could degrade service reliability.
- Intense competition could pressure pricing and margins.
Allotment Status for PS Raj Steels
To check your allotment status – click here.