New Delhi, Feb. 17 -- The initial public offer (IPO) of Voler Car, which closed for subscription on Friday, February 14 is expected to declare the allotment of shares today, February 17. Voler Car IPO, worth Rs.27 crore witnessed a healthy demand.

At the end of three days of the bidding period, the public offer was booked 13.62 times, with the retail investor portion subscribed 13.94 times, the non-institutional investor (NII) portion 18.56 times and the qualified institutional buyers (QIB) portion 9.34 times.

Voler Car IPO was entirely a fresh issue of 30 lakh shares, with no offer-for-sale (OFS) component. The issue was priced at Rs.90 per share, with a minimum lot size of 1600 shares. The minimum amount of investment required by reta...