Volar Car IPO Review: Apply or Avoid?

Volar Car IPO is all set to open for bidding on 12th February 2025. It is a book-built issue consisting of a fresh issue of 30,00,000 shares worth Rs 27.00 crore. The issue will be listed on NSE and SME on its tentative listing date, 19th February 2025. 

Volar Car IPO

Volar Car IPO date is fixed between 12th February 2025 and 14th February 2025. The face value of Volar Car Limited shares stands at Rs 10 per share, and the IPO price band is set at Rs 85 to Rs 90 per share. 

Kfin Technologies Limited is the registrar of Volar Car IPO, responsible for managing the allotment process and refund initiation in the IPO. Download Volar Car IPO RHP to check out the further IPO details in the table below. 

Volar Car IPO Details

Volar Car IPO GMP and Key Details

Volar Car IPO is a book-built issue of 30,00,000 shares worth Rs 27.00 crore. Volar Car Limited shares will be listed on NSE and SME. Furthermore, the SEBI has specified the share reservation criteria for different investors’ categories. 

Note: QIB (Qualified Institutional Buyers), NII (Non-Institutional Investors), sNII (Small Non-Institutional Investors), bNII (Big Non-Institutional Investors). 

Volar Car IPO GMP Grey Market Premium

GMP is the difference between the fixed price of the issue and the price at which company shares are trading in the grey market.  Want to get live updates on Volar Car IPO GMP? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

*Data is updated as of 12th February 2025.
As of now, on 12th February 2025, Volar Car IPO GMP stands at Rs 11 per share, which means the share will likely be listed at Rs 101 (90+11) on its tentative listing date, 19th February 2025.

GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for Volar Car IPO. Stay informed with Univest articles to know about real-time insights on IPOs and their GMP trends. 

Volar Car IPO Review

Check out the detailed review of Volar Car IPO for a thorough understanding of its potential to report listing gains on 17th February 2025. The Volar Car IPO review provided below will also help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO. 

Financial Health

Assess the financial performance of a company to know about its ability to sustain a competitive edge. Thus, it is essential to understand the growth margins and declines of the business financials before applying for any IPO.

During FY23-24, the revenue of Volar Car Limited stood at Rs 26.63 crore, which increased by 18.09% to Rs 31.45 crore. On the other hand, the PAT of the company was raised by 78.88% from Rs 1.99 crore to Rs 3.56 crore.

Volar Car Limited has shown consistent revenue growth, indicating that the company is financially stable. However, the brokers, investors, and RAs are neutral for Volar Car IPO for its tentative listing day, which is 19th February 2025.  

Technical Analysis

A number of technical indicators are available to assess the potential of a company to deliver returns. To analyse the technicals of Volar Car IPO, use the parameters mentioned below.

*Data is updated as of 12th February 2025.

The PE ratio of Maxvolt Energy Limited shares is 20.57, and its Earnings Per Share stands at 4.38. The Volar Car IPO can potentially deliver gains on its tentative listing date, 19th February 2025. 

Volar Car Limited Peer Comparison

*Data is updated as of 12th February 2025. 

Note: The data as mentioned above is taken from authentic sources and highlights pre-issue information. PE ratio and EPS of Volar Car Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics. 

*Data is updated as of 12th February 2025. 

Volar Car IPO Subscription Status

Volar Car IPO is set to open for bidding on 12th February 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Volar Car IPO Subscription Status. 

*Data is updated as of 12th February 2025.

About Volar Car Limited

Volar Car Limited was incorporated in 2010 and provides employee transportation services to big MNCs and corporate customers. It offers 24/7 customer services with a fleet of 2,500+ vehicles like SUVs, buses, tempo travellers, etc. Since FY23-24, Volar Car successfully completed 3,23,550 trip signs, an average of 884 trips per day. 

As of 31st December 2024, the company has 774 employees. It operates in different regions like Kolkata, Mumbai, Pune, Delhi-NCR, Ahmedabad, and Bhubaneswar. 

Volar Car Limited Financials

Before applying for Volar Car IPO, the company’s financial analysis is essential. Look at the table to learn about Volar Car Limited’s financials. 

*Data is updated as of 12th February 2025. 

Explanation

Volar Car Limited has shown a growth of 18.09% in its revenue, estimated at Rs 26.63 crore in  March 2023 and Rs 31.45 crore in March 2024. Moreover, the PAT of the company was raised by 78.88% from Rs 1.99 crore to Rs 3.56 crore. 

Volar Car IPO Bidding Requirements

Volar Car IPO has reserved lot sizes to apply in the case of different investor categories. Look at the table below to know about the requirements to be fulfilled for applying for this IPO. 

Aim of Volar Car IPO

The primary aim of Volar Car IPO is to raise Rs 27.00 crores. On the other hand, Volar Car Limited has decided to use these funds in different manners. Explore some of the secondary objectives behind Volar Car IPO.

• To meet working capital requirements.
• To meet IPO expenses 
• To meet general corporate purposes. 

Should I Invest in Volar Car IPO?

“Volar Car Limited is engaged in providing ETS services for home-to-office-to-home movements. The company operates in a highly competitive business segment with a mix of owned/leased/hired vehicles.” ~ Dilip Davda (Chief Editor at Chittorgarh).

Explore the pros and cons of Volar Car IPO to know whether you should apply or avoid the issue. These pros and cons might help you know about the IPO’s efficiency in delivering profits in the coming decades. 

Pros of Volar Car IPO

• High return on equity of 249.01%.
• The constant rise in revenue PAT in the last 3 years. 
• Decrease in debt level. 
• Strong fundamentals of the company.

Cons of Maxvolt Energy IPO

• Low promoter’s holdings.
• High lot size.

How to Apply for Volar Car IPO?

Check the steps mentioned below to apply for Volar Car IPO. 

• Step 1: Conduct thorough research on Volar Car IPO GMP, subscription status, issue size, lot size, and other details. 
• Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
• Step 3: Make a bid for one lot of 1,600 shares worth Rs 1,44,000 of Volar Car IPO.   
• Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for Volar Car IPO from more than one demat account to increase your allotment chances. 

How to Check Volar Car IPO Allotment Status?

You can check for Volar Car IPO allotment in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.

Check On NSE

• Visit the NSE’s official website. 
• Select Equity as the issue type. 
• Choose Volar Car IPO.  
• Choose whether to proceed with the PAN number or application number.
• Submit your details to get the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal. 
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your Volar Car IPO allotment status.

Let’s Wrap

Volar Car IPO is the book-built issue of 30,00,000 shares worth Rs 27.00 crores. The shares of Volar Car Limited will be listed on NSE and SME on its tentative listing date of 19th February 2025. Researching Volar Car IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors are neutral about this IPO and highlighted its pros and cons. Benefits of this IPO include a higher return on equity (249.01%), a decline in debt level, and robust fundamentals. Moreover, this IPO also comes with some consequences, like low holdings of promoters. 

Open a demat account on Univest now to initiate your investment journey. Explore the Univest terms and conditions by clicking on the link. 

FAQs on Volar Car IPO

1. How is Volar Car IPO?

Ans. Currently, on 12th February 2025, Volar Car IPO GMP (Grey Market Premium) stands at Rs 11 (12.22 % up). It indicates that the estimated listing price could be Rs 90 per share. It is entirely a fresh issue of 30,00,000 shares worth Rs 27.00 crore. The IPO price band is fixed at Rs 85 to Rs 90 per share, and the face value of each share is Rs 10. 

2. What is Volar Car IPO price?

Ans. Volar Car IPO price band has been set between Rs 85 and Rs 90 per share. Retail investors can apply for a minimum and maximum of 1 lot consisting of 1,600 shares worth Rs 1,44,000. Moreover, HNIs are required to bid for a minimum of 2 lots (3,200 shares) worth Rs 2,88,000. 

3. Is Volar Car IPO good?

Ans. During FY2023-24, the revenue of Volar Car Limited was increased by 18.09% to reach Rs 31.45 crore. On the other hand, the PAT of the company was raised by 78.88% from Rs 1.99 crore to Rs 3.56 crore. Volar Car IPO has gained a positive rating from industry experts, brokers and institutional investors.

4. Who is the registrar of Volar Car IPO?

Ans. Bigshare Services Private Limited is the registrar of Volar Car IPO, awaiting to manage the IPO allotment procedure and refund initiation. For any query regarding Volar Car IPO allotment and refund, you can contact Bigshare Services Private Limited at investor@bigshareonline.com or +91-22-6263 8200. 

5. What is the issue size of the Volar Car IPO? 

Ans. Volar Car IPO is the book-built issue for 30,00,000 shares worth Rs 27.00 crore. It is entirely a fresh issue of 30,00,000 shares. Moreover, the IPO is set to open on 12th February 2025 and will be closed on 14th February 2025. 

Disclaimer: The above information is accumulated from authentic sources and is just for informational purposes. To have detailed information about Volar Car IPO, download the Volar Car IPO RHP and Volar Car IPO DRHP. Conduct your own research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.

Read Other Popular Articles from Univest

Best Multibagger Stocks For Next 5 Years in India

FMCG Sector Stocks to Invest in India

Best Fundamentally Strong Stocks For Long Term

Top Green Energy Stocks in Buy In 2025 

Fundamentally Strong Stocks In BSE 

Solar Penny Stocks in India 2025

Top 10 Fundamentally Strong Penny Shares to Buy in 2025

Explore Current and Previous IPOs

Univest Screeners

52-Week Low Stocks Today

*Data is updated as of 11th February 2025. 

52 Week High Stocks Today

*Data is updated as of 11th February 2025. 

Popular Stocks to Consider