{"id":49069,"date":"2025-02-12T11:24:21","date_gmt":"2025-02-12T05:54:21","guid":{"rendered":"https:\/\/newswiredelhi.com\/index.php\/2025\/02\/12\/voler-car-limited-ipo-opens-on-february-12-with-a-price-band-ranging-from-rs-85-to-rs-90-per-share\/"},"modified":"2025-02-12T11:24:21","modified_gmt":"2025-02-12T05:54:21","slug":"voler-car-limited-ipo-opens-on-february-12-with-a-price-band-ranging-from-rs-85-to-rs-90-per-share","status":"publish","type":"post","link":"https:\/\/newswiredelhi.com\/index.php\/2025\/02\/12\/voler-car-limited-ipo-opens-on-february-12-with-a-price-band-ranging-from-rs-85-to-rs-90-per-share\/","title":{"rendered":"Voler Car Limited IPO opens on February 12, with a price band ranging from Rs. 85 to Rs. 90 per share"},"content":{"rendered":"<div>\n<p><strong>Kolkata (West Bengal) [India], February 12: <\/strong>Incorporated in 2010, Voler Car Limited is engaged in the business of providing reliable, affordable and efficient employee transportation services (ETS) to large MNC\u2019s, 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.<\/p>\n<p>For its SME Initial Public Offering (IPO),\u00a0Voler Car\u00a0Limited\u00a0has established a\u00a0price band of Rs.\u00a085\u00a0to Rs\u00a090\u00a0per share. The company\u2019s shares will be listed on\u00a0NSE\u00a0EMERGE, with a projected listing date of\u00a0Wednesday, February 19, 2025.<\/p>\n<p>GYR Capital Advisors Private Limited is the\u00a0Book\u00a0Running\u00a0Lead\u00a0Manager\u00a0for\u00a0the Voler Car IPO, while KFin Technologies Limited is the registrar for the issue.\u00a0The\u00a0Market\u00a0Makers\u00a0for Voler Car IPO\u00a0are\u00a0Wiinance\u00a0Financial Services Private Limited\u00a0and Giriraj Stock Broking Private Limited.<\/p>\n<p>The issue proceeds will be utilized for working capital requirements, general corporate expenses, and IPO-related costs.<\/p>\n<p>The IPO comprises 50% of the net issue for QIB, 35% for retail investors and 15% of the net issue for the NII segment.\u00a0The IPO will be open from February 12, 2025 to February 14, 2025.The shares are\u00a0expected\u00a0to be allotted\u00a0on\u00a0Monday, February 17, 2025\u00a0and on\u00a0Tuesday, February 18, 2025, the shares will be credited to the demat account of the allottees.<\/p>\n<p>Retail investors need to contribute a minimum of Rs 1.44\u00a0lakh considering the minimum lot size for an application is\u00a01600 shares. For HNIs, the minimum bidding size is two lots, or\u00a03200 shares, for a total investment of Rs\u00a02.88\u00a0lakh\u00a0at upper price band.<\/p>\n<p>The company offers comprehensive home-to-office\u00a0and\u00a0vice versa\u00a0transportation with 24\/7 customer service, dedicated teams, and a fleet of over 2,500 vehicles, including\u00a0sedan, SUVs, electric vehicles, buses, and tempo\u00a0travellers.\u00a0The company has an average annual run rate of 4,25,000 completed trips.<\/p>\n<p>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).<\/p>\n<p><em>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.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":49070,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_rishi_post_view_count":117},"categories":[686,680,683,9,895],"tags":[685],"class_list":["post-49069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-finance","category-pnn-news","category-press-release","category-voler-car-limited","tag-finance","rishi-post"],"rishi__cb_customizer_meta":"","comments_count":"0","_links":{"self":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/49069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/comments?post=49069"}],"version-history":[{"count":0,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/49069\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media\/49070"}],"wp:attachment":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media?parent=49069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/categories?post=49069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/tags?post=49069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}