Victory Electric Vehicles International IPO is a fixed price issue of 84,30,000 shares [₹34.56 crore]. The issue is a combination of a fresh issue of 84,30,000 shares [₹34.56 crore].
The Victory Electric Vehicles International IPO will open on January 07, 2026, and close on January 09, 2026. The price band for the IPO is fixed at ₹41 per share. The minimum application size is 2 lot [6,000 shares], requiring a retail investor to invest at least ₹2,46,000 [based on the upper price band].
Victory Electric Vehicles International IPO Details
| Open Date | January 07, 2026 |
| Close Date | January 09, 2026 |
| Issue Type | Fixed Price Issue |
| Face Value | ₹5 Equity Share |
| Price Band | ₹41.00 Per Share |
| Listing On | NSE, SME |
| Issue Size | ₹34.56 Cr. [84,30,000 Shares] |
| Fresh Issue | ₹34.56 Cr. [84,30,000 Shares] |
| Offer For Sale | Not Applicable |
| Prospectus | DRHP | Final Prospects |
Victory Electric Vehicles International IPO Reservation
A total of 84,30,000 shares are on offer in the Victory Electric Vehicles International IPO, of which 0 shares have been allotted to QIBs, 40,02,000 shares to NIIs, and 40,05,000 shares to RIIs.
| Category | Reservation | Shares Offered |
|---|---|---|
| QIB | — | — |
| NII | 47.47% | 40,02,000 |
| RII | 47.51% | 40,05,000 |
| Market Maker | 5.02% | 4,23,000 |
| Total | 100.00% | 84,30,000 |
Victory Electric Vehicles International IPO Market Lot
Retail investors can apply for the Victory Electric Vehicles International IPO with a minimum & maximum of 2 lot of 6,000 shares for an application amount of ₹2,46,000.
| Application | Lot | Shares | Amount |
| Retail Minimum | 2 | 6,000 | ₹2,46,000 |
| Retail Maximum | 2 | 6,000 | ₹2,46,000 |
| S-HNI Minimum | 3 | 9,000 | ₹3,69,000 |
Key Performance Indicator
| KPI [March 31, 2025] | Value |
| Market Capitalisation | ₹98.77 Crore |
| P/E Ratio | 12.41x |
| EPS | ₹3.30 |
| ROE | 42.10% |
| ROCE | 31.27% |
| RoNW | 42.11% |
| Dept/Equity | 0.62 |
| EBITDA Margin | 15.32% |
| PAT Margin | 10.17% |
| Net Assets Value | ₹10.54 |
| Price To Book Value | ₹4.32 |
Victory Electric Vehicles International IPO Peer Comparison
| Company | P/E | EPS | RoNW | NAV |
| Wardwizard Innovations & Mobility Limited | 32.58c | ₹0.26 | 6.50% | ₹4.08 |
| Tunwal E-motors Limited | 15.32x | ₹2.32 | 19.26% | ₹20.09 |
Victory Electric Vehicles International IPO Dates
Victory Electric Vehicles International IPO open for subscription January 07, 2026, and close date on January 09, 2025. The allotment will be finalized on January 12, 2026, and the IPO listing on January 14, 2026.
| Open Date | January 07, 2026 |
| Close Date | January 09, 2026 |
| Allotment Date | January 12, 2026 |
| Refund Date | January 13, 2026 |
| Share Credit Date | January 13, 2026 |
| Listing Date | January 14, 2026 |
Victory Electric Vehicles International Company Financial Report [Restated]
| Period Ended | Total Assets | Total Income | Total Expenses | Net Worth | Profit After Tax | EBITDA | Reserves And Surplus | Total Borrow |
|---|---|---|---|---|---|---|---|---|
| March 2025 | ₹31.29 Cr. | ₹51.06 Cr. | ₹44.05 Cr. | ₹14.87 Cr. | ₹5.17 Cr. | ₹7.79 Cr. | ₹7.04 Cr. | ₹9.29 Cr. |
| March 2024 | ₹21.04 Cr. | ₹48.76 Cr. | ₹42.19 Cr. | ₹9.70 Cr. | ₹4.89 Cr. | ₹6.99 Cr. | ₹7.09 Cr. | ₹5.30 Cr. |
| March 2023 | ₹19.17 Cr. | ₹52.14 Cr. | ₹51.04 Cr. | ₹4.24 Cr. | ₹0.79 Cr. | ₹1.80 Cr. | ₹2.20 Cr. | ₹2.90 Cr. |
Company Promoters
- Sanjay Kumar Popli
- Seema
- Palak Poply
| Holding Pre Issue | 97.41% | 1,56,60,000 Shares |
| Holding Post Issue | 63.33% | 2,40,90,000 Shares |
Victory Electric Vehicles International IPO Lead Managers
- Corpwis Advisors Private Limited
Victory Electric Vehicles International IPO Registrar
Maashitla Securities Private Limited
451, Krishna Apra Business Square, Netaji Subhash Place,
Pitampara, Delhi-110034
Telephone: +91 011 – 45121795
Email: ipo@mashitla.com
Website: https://www.mashitla.com/
Note: Check Victory Electric Vehicles International IPO Allotment Status Visit IPO Investors Allotment Page And Search Your Registrar IPO Allotment Status Link. Click Here…
About Victory Electric Vehicles International Limited
Victory Electric Vehicles International Limited was incorporated in October 2018 with a clear focus on designing, manufacturing, and distributing electric vehicles. Since its inception, the company has positioned itself as a participant in the rapidly growing electric mobility sector, addressing the rising demand for sustainable and environmentally responsible transportation solutions.
The company offers a diverse range of electric vehicles that includes electric two-wheelers, three-wheelers, and commercial vehicles. By providing products such as e-rickshaws, e-cargo and loader e-rickshaws, as well as electric scooters, Victory Electric Vehicles caters to both personal and commercial mobility needs. This wide product range allows the company to serve multiple customer segments across urban and semi-urban markets.
Beyond standard electric vehicles, the company has expanded its portfolio to include customized electric three-wheelers designed for specific business applications. These include specialized models such as food delivery three-wheelers and ice cream vending three-wheelers. Such customization reflects the company’s understanding of evolving business requirements and its ability to offer application-based mobility solutions.
Victory Electric Vehicles integrates advanced technology into its products to enhance performance and efficiency. The use of lithium-ion battery systems, efficient electric drivetrains, and smart connectivity features helps improve vehicle reliability, operational efficiency, and user experience. These technological integrations also support lower running costs and longer vehicle life cycles.
The company serves both domestic and international markets, focusing on delivering vehicles that combine reliable performance with cost-effective ownership. By emphasizing minimal environmental impact, Victory Electric Vehicles aligns its offerings with the increasing global preference for clean energy transportation alternatives.
Victory Electric Vehicles International Limited operates with a long-term vision of contributing to a cleaner and greener future. Its mission is closely aligned with global efforts to reduce carbon emissions and decrease reliance on fossil fuels, supporting the broader transition towards sustainable mobility.
From a competitive standpoint, the company benefits from its geographical presence across 12 states, supported by a dealer network in each of these regions. It is led by an experienced leadership team backed by skilled professionals, which strengthens strategic decision-making and execution. Additionally, robust financial performance provides the company with stability and the ability to invest in growth, innovation, and market expansion.
Objects Of The Issue
- Capital Expenditure (₹5.00 Cr.)
- Working Capital Requirement (₹18.00 Cr.)
- General Corporate Purposes (₹6.78 Cr.)
Company Address
Victory Electric Vehicles International Limited
Plot no 6, Second FloorA-5, Maa Bhagwati ApartmentPaschim ViharWest Delhi, New Delhi, 110063
Telephone: 9643108966
Email: compliance@victoryevindia.com
Website: http://www.victoryevehilceindia.com/
Victory Electric Vehicles International IPO FAQs
What is Victory Electric Vehicles International IPO?
Victory Electric Vehicles International IPO is a SME IPO of 84,30,000 equity shares of the face value of ₹5 aggregating up to ₹34.56 Crores. The IPO issue fixed priced at ₹41 per share.
What are the open and close dates of the Victory Electric Vehicles International IPO?
The IPO will open on January 07, 2026 and will close on January 09, 2026.
What is the price band for Victory Electric Vehicles International IPO?
The price band for the IPO is fixed at ₹41 per share.
What is the issue size of the Victory Electric Vehicles International IPO?
The total issue size of the IPO is ₹34.56 Cr., comprising both fresh issue and offer for sale (if applicable).
What is Victory Electric Vehicles International IPO Minimum and Maximum Lot Size?
The minimum bid is 2 Lot, 6,000 Shares with ₹2,46,000 amount while the maximum bid is 2 Lot, 6,000 shares with ₹2,46,000 for the IPO.
What is Victory Electric Vehicles International IPO Investors Portion?
The investors’ portion for QIB 0%, NII 50%, RII 50% for the IPO.
When will the basis of allotment for the Victory Electric Vehicles International IPO be finalized?
The the IPO allotment is expected to be finalized on January 12, 2026.
When will the shares of Victory Electric Vehicles International IPO get listed?
The IPO shares are expected to be listed on the NSE and SME on January 14, 2026.
Is the Victory Electric Vehicles International IPO a good investment?
Investment decisions depend on an individual’s financial goals and risk profile. It is advised to consult with a SEBI-registered financial advisor before making any investment decision.
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| Victory Electric Vehicles International IPO Allotment |
This content has been researched and written by the IPO Investors Team…
Disclaimer: Readers are strongly advised to seek guidance from a qualified financial advisor before making any investment decisions. Relying solely on the content presented here for financial choices is done entirely at the reader’s own risk.
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