Voler Car IPO Allotment Status: Check Latest GMP, Steps To Verify Status

The bidding for Voler Car IPO closed on Feb 14, 2025. The basis of allotment will be finalised today, Feb 17, 2025. The applicants can check the status of Voler Car IPO allotment on NSE SME and registrar’s websites. 

Step-by-Step Procedure to Check Voler Car IPO Allotment Status Online On NSE

• Head to the NSE’s IPO allotment verification status page here. 
• Select “Equity & SME IPO bid details.”
• In Select Symbol, select “VOLERCAR.”
• Enter your PAN No. and application No.
• Click “Submit.”

Step-by-Step Procedure to Check Voler Car IPO Allotment Status On Kfin Technologies Limited

• Head to the Kfin Technologies’ IPO allotment status page here. 
• Click on any of the links. 
• In Select IPO, select “VOLER CAR Limited.”
• Enter any of the following details. 
• PAN
• App. No.
• Demat Account
• Enter the captcha and click “Submit.”

IPO Details

Voler Car IPO is a book-built issue of Rs 27.00 crores, which is entirely a fresh issue of 30.00 lakh shares. The price band is set at ₹90 per share. This SME IPO will be listed at the NSE SME on Feb 19, 2025.

GYR Capital Advisors Private Limited is the book-running lead manager for the issue, Kfin Technologies Limited is serving as the registrar while the market maker is Wiinance Financial Services Private Limited.

Use of Proceeds

The IPO will be used towards the following:

• Meeting the company’s working capital needs.
• Supporting general corporate activities.
• Covering expenses related to the IPO.

Voler Car IPO - Overall Subscription Status

(February 14, 2025, end of the day)

Voler Car IPO was subscribed 8.94 times. Of these, 

• Retail investors subscribed 13.94 times, 
• Non-institutional investors (NII) subscribed 19.06 times., 
• Qualified Institutional Buyers (QIBs) subscribed 9.34 times.

GMP (Grey Market Premium) Details

As of February 17, 2025, the GMP for Voler Car IPO stood at Rs 5, indicating potential listing gains of 5.56% over the issue price. So, the estimated per-share price is ₹95. 

Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.
Source: NDTV Profit dated February 17, 2024

Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.

Voler Car Business Overview

Voler Cars specialises in providing end-to-end employee transportation services (ETS) to IT/ITeS firms, large corporations, and multinational companies in major Indian cities. The company manage a fleet of over 2,500 vehicles, which includes hatchbacks, sedans, SUVs, electric cars, buses, and tempo travellers. 

Currently, they have a strong presence in multiple cities, including Kolkata, Mumbai, Pune, Bhubaneswar, Delhi-NCR, Ahmedabad, Lucknow, Jaipur, and Ludhiana.

Disclaimer: Investing in SME IPOs involves a high degree of risk. Such investments may be suitable only for investors with a high-risk tolerance and the ability to bear potential losses. Perform thorough due diligence and consult a financial advisor before investing. Invest wisely and at your own discretion.

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