Kolkata (West Bengal) [India], February 12: Incorporated in 2010, Voler Car Limited is engaged in the business of providing reliable, affordable and efficient employee transportation services (ETS) to large MNC’s, IT and ITeScompanies across major Indian cities. The company is going to become public as it has announced to raise Rs. 27 crores through an initial public offering (IPO) with a fresh issue of 30 lakh shares.

For its SME Initial Public Offering (IPO), Voler Car Limited has established a price band of Rs. 85 to Rs 90 per share. The company’s shares will be listed on NSE EMERGE, with a projected listing date of Wednesday, February 19, 2025.

GYR Capital Advisors Private Limited is the Book Running Lead Manager for the Voler Car IPO, while KFin Technologies Limited is the registrar for the issue. The Market Makers for Voler Car IPO are Wiinance Financial Services Private Limited and Giriraj Stock Broking Private Limited.

The issue proceeds will be utilized for working capital requirements, general corporate expenses, and IPO-related costs.

The IPO comprises 50% of the net issue for QIB, 35% for retail investors and 15% of the net issue for the NII segment. The IPO will be open from February 12, 2025 to February 14, 2025.The shares are expected to be allotted on Monday, February 17, 2025 and on Tuesday, February 18, 2025, the shares will be credited to the demat account of the allottees.

Retail investors need to contribute a minimum of Rs 1.44 lakh considering the minimum lot size for an application is 1600 shares. For HNIs, the minimum bidding size is two lots, or 3200 shares, for a total investment of Rs 2.88 lakh at upper price band.

The company offers comprehensive home-to-office and vice versa transportation with 24/7 customer service, dedicated teams, and a fleet of over 2,500 vehicles, including sedan, SUVs, electric vehicles, buses, and tempo travellers. The company has an average annual run rate of 4,25,000 completed trips.

The company currently operates in nine major Indian cities: Kolkata, Mumbai, Pune, Bhubaneswar, Delhi-NCR, Ahmedabad, Jaipur, Ludhiana, and Lucknow. It is now planning to expand into Bangalore, Chennai, Hyderabad, Surat, and Chandigarh. Specializing in corporate transportation, the company utilizes a mix of vendor-sourced and leased vehicles to ensure timely pick-ups and drop-offs in compliance with service level agreements (SLAs).

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.