Victory Electric Vehicles International IPO Details
Victory Electric Vehicles International IPO Summary
Victory Electric Vehicles International IPO opens for subscription on 07 Jan 2026 and closes on 09 Jan 2026.The IPO will be listed on NSE with the tentative listing date set for 14 Jan 2026.
Victory Electric Vehicles International IPO price band has been fixed at ₹41 – ₹41 per share. The face value is ₹5 per share with a lot size of 3000.
Victory Electric Vehicles International IPO total issue size comprises 84,30,000 shares (aggregating up to ₹35 Cr.). This includes a fresh issue of 84,30,000 shares (aggregating up to ₹35 Cr.). Pre-issue shareholding stands at 1,56,60,000, which will increase to 2,40,90,000 post-issue.
Victory Electric Vehicles International IPO carries a ₹0 (0%) GMP, reflecting investor sentiment.
Victory Electric Vehicles International IPO Lot Size :Individual Minimum is 2 lots (6,000 shares) amounting to ₹246,000. Individual Maximum is 2 lots (6,000 shares) amounting to ₹246,000. HNI Minimum is 3 lots (9,000 shares) amounting to ₹369,000.
The Lead Managers for Victory Electric Vehicles International IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Corpwis Advisors Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Alacrity Securities. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Victory Electric Vehicles International Limited RHP.
Victory Electric Vehicles International IPO Details
Victory Electric Vehicles International IPO Subscription
Victory Electric Vehicles International IPO Application Wise Breakup
Victory Electric Vehicles International IPO Dates
- 07 Jan 2026Opening dateOpen
- 09 Jan 2026Closing dateClose
- 12 Jan 2026Allotment Date Allotment
- 13 Jan 2026Initiation of RefundsRefund
- 13 Jan 2026Credit of SharesCredit
- 14 Jan 2026Listing dateListing
Victory Electric Vehicles International IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 6000 | ₹246,000 |
| Individual Maximum | 2 | 6000 | ₹246,000 |
| HNI Minimum | 3 | 9000 | ₹369,000 |
Victory Electric Vehicles International IPO Reservation
Promoter Holding
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Victory Electric Vehicles International IPO Valuations
Victory Electric Vehicles International Financial Information
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 33.19 | 31.29 | 21.94 | 19.17 |
| Total Income | 16.90 | 51.06 | 48.76 | 52.14 |
| Profit After Tax | 1.62 | 5.17 | 4.89 | 0.79 |
| EBITDA | 2.60 | 7.79 | 6.99 | 1.80 |
| NET Worth | 16.50 | 14.87 | 9.70 | 4.24 |
| Reserves and Surplus | 8.67 | 7.04 | 7.09 | 2.20 |
| Total Borrowing | 4.85 | 9.29 | 5.30 | 2.90 |
| Amount in ₹ Crore | ||||
About Victory Electric Vehicles International IPO
Incorporated in October 2018, Victory Electric Vehicles International Limited is engaged in the design, manufacturing, and distribution of electric vehicles, with a focus on providing sustainable, eco-friendly mobility solutions. The company operates in India’s rapidly evolving electric mobility ecosystem and aims to support the global transition toward clean and green transportation.
The company offers a diversified portfolio of electric vehicles, including electric two-wheelers, three-wheelers, and commercial electric vehicles. Its product range covers e-rickshaws, e-cargo/loaders, electric scooters, and other utility-focused electric mobility solutions. In addition to standard models, Victory Electric Vehicles also develops customised electric three-wheelers, such as food vending and ice-cream delivery vehicles, catering to specific commercial and last-mile delivery requirements.
Victory Electric Vehicles integrates advanced technologies into its offerings, including lithium-ion battery systems, efficient electric drivetrains, and smart connectivity features, to enhance performance, reliability, and user experience. The company focuses on delivering cost-effective ownership solutions with low operating costs and reduced environmental impact.
The company serves both domestic and international markets, addressing the needs of individual users, fleet operators, and commercial customers. Through continuous product development and a customer-centric approach, Victory Electric Vehicles International Limited seeks to strengthen its presence in the electric vehicle segment and contribute meaningfully to reducing carbon emissions and dependence on fossil fuels.
With a vision aligned to a cleaner and greener future, the company positions itself as a participant in the long-term growth of sustainable mobility solutions.
Strength Of Victory Electric Vehicles International IPO
- Established EV manufacturer with a diversified product range across e-rickshaws, loaders and scooters.
- Ability to offer customised electric three-wheelers for niche commercial applications.
- Presence in high-demand EV markets supported by government EV policies.
- Asset-light dealer-led distribution model across multiple Indian states.
- Experienced promoters with operational knowledge of the EV ecosystem
Risk Of Victory Electric Vehicles International IPO
- Revenue is highly dependent on a few states and dealer relationships.
- Heavy reliance on third-party suppliers for key EV components and batteries.
- Operates in a highly competitive and fragmented EV market with low entry barriers.
- Past NCLT insolvency proceedings may impact investor confidence.
- Business performance depends significantly on promoters and key management personnel.
Objectives Victory Electric Vehicles International IPO
1. Capital Expenditure
2. Working Capital Requirement
3. General Corporate Purposes
Company Contact Details
Victory Electric Vehicles International Ltd.
Plot no 6, Second Floor A-5,
Maa Bhagwati Apartment Paschim
Vihar West Delhi, New Delhi, 110063
Email: compliance@victoryevindia.com
Website: http://www.victoryevehilceindia.com/
Registrar Contact Details
Victory Electric Vehicles International FAQs
The Victory Electric Vehicles International IPO is a SME public issue comprising 8430000 equity shares with a face value of ₹5 each, aggregating to a total issue size of ₹35 Cr.. The issue price has been fixed at ₹41 per equity share, and the minimum application size is 3000 shares.
The IPO opens for subscription on 07 Jan 2026, and closes on 09 Jan 2026.
Maashitla Securities Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the NSE
As of now, the current GMP stands at ₹0 (0%).
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