Victory Electric Vehicles IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 41 – 41
Lot Size
3000
Issue Size
₹35 Cr
Minimum Investment
₹246000 (6000 Shares)
Listing Date
14 January 2026
Subscription
1x
About the Company
Victory Electric Vehicles International Limited, incorporated in October 2018, is engaged in the design, manufacturing, and distribution of electric vehicles. The company is committed to delivering sustainable and eco-friendly mobility solutions that support the global transition toward green energy.
The company offers a diverse portfolio of electric vehicles, including electric two-wheelers, three-wheelers, and commercial electric vehicles. Its product range comprises E-rickshaws, E-cargo and loader E-rickshaws, electric scooters, and other utility-based electric vehicles.
In addition to standard models, Victory Electric Vehicles International Limited specializes in customized electric three-wheelers designed to meet specific business and operational requirements. These include purpose-built vehicles such as Food Three Wheelers, Ice Cream Three Wheelers, and other application-specific electric mobility solutions.
The company integrates advanced technologies across its product lineup, including lithium-ion battery systems, efficient electric drivetrains, and smart connectivity features, ensuring reliable performance, energy efficiency, and cost-effective ownership.
Victory Electric Vehicles International Limited serves both domestic and international markets, focusing on quality, durability, and minimal environmental impact. Guided by its vision of a cleaner and greener future, the company aligns its mission with global efforts to reduce carbon emissions and dependence on fossil fuels through the widespread adoption of electric transportation.
Promoters
- Sanjay Kumar Popli
- Seema
- Palak Poply
Promoters Holding
Holding Pre Issue
97.41%
Holding Post Issue
63.33%
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding the capital expenditure of the company
- Funding the working capital requirement of the Company
- General corporate purposes
Address / Contact Info
Victory Electric Vehicles International Ltd. Address
Plot no 6, Second Floor
A-5, Maa Bhagwati Apartment
Paschim Vihar
West Delhi, New Delhi, 110063
- 9643108966
- compliance@victoryevindia.com
- Visit Website
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 07 January 2026
IPO Close Date
Friday, 09 January 2026
Basis of Allotment
Monday, 12 January 2026
Initiation of Refunds
Tuesday, 13 January 2026
Credit of Shares to Demat
Tuesday, 13 January 2026
Listing Date
Wednesday, 14 January 2026 — NSE & BSE
Important Dates
Open Date
07 January 2026
Close Date
09 January 2026
Basis Of Allotment
12 January 2026
Listing Date
14 January 2026
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 33.19 | 31.29 | 21.94 | 19.17 |
| Revenue | 16.9 | 51.06 | 48.76 | 52.14 |
| Profit After Tax | 1.62 | 5.17 | 4.89 | 0.79 |
| Net Worth | 16.5 | 14.87 | 9.7 | 4.24 |
| Reserve & Surplus | 8.67 | 7.04 | 7.09 | 2.2 |
| Total Borrowings | 4.85 | 9.29 | 5.3 | 2.9 |
EPS Pre
3.30%
EPS Post
1.35%
P/E Pre
12.41
P/E (Post Issue)
30.41x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mon, Mar 31, 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 42.1 | 70.19 | 22.46 |
| ROCE % | 31.27 | 44.78 | 14.13 |
| Debt / Equity | 0.62 | 0.55 | 1.47 |
| RoNW % | 42.11 | 70.19 | 22.47 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 10.17 | 10.1 | 1.52 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Non-Institutional | 4002000 | 49.98 | 0 |
| Retail Investors | 4005000 | 50.02 | 0 |
| Total | 8007000 | 100 | 0 |
Subscription Status ( Fri, 09 Jan 26 01:32 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 2559000 | 0x |
| Non-Institutional | 4002000 | 1509000 | 0.38x |
| Retail Investors | 4005000 | 3960000 | 0.99x |
| Total | 8007000 | 8028000 | 1x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Victory Electric Vehicles International Ltd | 5 | 12.42 | 2.08 | 2.08 | 10.35 | 10.54 |
| Wardwizard Innovations & Mobilitity Ltd | 1 | 32.58 | 0.26 | 0.26 | 6.50 | 4.08 |
| Tunwal E-Motors Ltd | 2 | 15.32 | 2.32 | 2.32 | 19.26 | 20.09 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 6,000 | 246,000.00 |
| Retail (Max) | 2 | 6,000 | 246,000.00 |
| S-HNI (Min) | 3 | 9,000 | 369,000.00 |
Registrar
Maashitla Securities Pvt. Limited
011-45121795-96
investor.ipo@maashitla.com
https://www.maashitla.com
Book Running Lead Managers
- Corpwis Advisors Private Limited IPO Lead Manager
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Victory Electric Vehicles IPO is a Fixed price IPO worth ₹35 crores. The price band is ₹41 to 41 per share. The IPO opens on Wed, Jan 7, 2026 and closes on Fri, Jan 9, 2026. It will be listed on BSE and NSE. Maashitla Securities Pvt. Limited is the registrar.
The Victory Electric Vehicles IPO opens on Wed, Jan 7, 2026 and closes on Fri, Jan 9, 2026
Victory Electric Vehicles IPO Price Band is ₹41 to 41.
Victory Electric Vehicles IPO lot size is 3000, and the minimum amount required for application is ₹246000.
The minimum investment for Victory Electric Vehicles IPO is approximately ₹246000 based on the upper price band.
To apply for the Victory Electric Vehicles IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Jan 9, 2026. After submission, funds are blocked until the basis of allotment of Victory Electric Vehicles IPO is finalised.
Victory Electric Vehicles IPO issue size is ₹35 crores.
Victory Electric Vehicles IPO allotment date is Sat, Jun 27, 2026.
The registrar for Victory Electric Vehicles IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website for IPO allotment status, refund processing, and other queries related to Victory Electric Vehicles IPO through their official website or helpline.