Voler Car: Voler Car shares get listed at 5% discount!Voler Car: Voler Car shares get listed at 5% discount!

Voler Car Ltd had a quiet market debut on the NSE SME platform on February 19, listing at ₹90, matching its issue price. However, the stock soon dropped 5% to ₹85.5, hitting its lower circuit after reaching an intraday high of ₹92.9.

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Voler Car IPO saw strong demand, receiving bids for 2.66 crore shares against 19.53 lakh on offer, achieving 13.6 times subscription. The retail segment was booked 14 times, NIIs 18.5 times, and QIBs 9.34 times, reflecting robust investor interest across categories.

Voler Car Ltd specializes in employee transportation services for MNCs, corporates, and IT firms across major Indian cities. With a fleet of 2,500+ vehicles, it manages 1,183 trips daily, offering safe, efficient, and asset-light mobility solutions supported by 24/7 customer service and verified chauffeurs.

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The objective of Voler Car Ltd’s IPO is to fund business expansion, strengthen working capital, and invest in technology to enhance operational efficiency. The proceeds will also support debt repayment and general corporate purposes, ensuring sustainable growth and improved service offerings.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.