India, Feb. 12 -- Home-to-office transportation services provider Voler Car Ltd has launched its Initial Public Offering (IPO) on Wednesday, February 12, to raise Rs.27 crore.

The company, incorporated in 2010, provides employee transportation services to large MNCs and corporate clients with a fleet of over 2,500 vehicles, including cars, SUVs, electric vehicles, buses and tempo travellers operating in Kolkata, Mumbai, Pune, Bhubaneshwar, Delhi-NCR, and Ahmedabad.

The Voler Car IPO is an entirely fresh issue of 30 lakh shares at a price band between Rs.85 and Rs.90 per share.

At the upper part of the price band, the total offer size can be valued at around Rs.27 crore.

50% of the net issue is reserved for qualified institutional buye...