Voler Car IPO Accelerates: 2x Oversubscribed on Day 2, Investors Rush In

Voler Car Limited's IPO has gained significant momentum, with subscriptions surpassing 2 times on its second day. The ₹27 crore IPO, priced at ₹85-90 per share, closes on February 14, 2025. Retail investors have shown strong interest, with their portion oversubscribed 1.37 times on Day 1. The company, specializing in employee transportation services, reported revenue of ₹31.45 crores in 2024, up from ₹26.63 crores in 2023. With a grey market premium of ₹11, indicating a potential listing price of ₹101, investor enthusiasm remains high. Allotment is expected on February 17, with listing scheduled for February 19 on the NSE SME platform.

Sources: IPO Watch, Economic Times, NDTV Profit