Victory Electric Vehicles IPO Details
| IPO Open Date: | 2026 |
| IPO Close Date: | 2026 |
| Face Value: | ₹5 Per Equity Share |
| IPO Price Band: | ₹72 Per Share |
| Issue Size: | Approx ₹40.66 Crores |
| Fresh Issue: | Approx ₹40.66 Crores |
| Issue Type: | Fixed Price Issue |
| IPO Listing: | NSE SME |
| DRHP Draft Prospectus: |  |
| RHP Draft Prospectus: | |
Victory Electric Vehicles IPO Review & Key Points
- Review:
Victory Electric Vehicles IPO Market Lot
The Victory Electric Vehicles IPO minimum market lot is 3200 shares with ₹2,30,400 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 3,200 | ₹2,30,400 |
| Retail Maximum | 2 | 3,200 | ₹2,30,400 |
| S-HNI Minimum | 3 | 4,800 | ₹3,45,600 |
| S-HNI Maximum | – | – | ₹- |
| B-HNI Minimum | – | – | ₹- |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | -% |
| NII Shares Offered | – Shares | 50% |
| Retail Shares Offered | – Shares | 50% |
Victory Electric Vehicles IPO Anchor Investors
| Anchor Bidding Date | 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2026 |
| lock-in period end date 50% shares (90 Days) | 2026 |
Victory Electric Vehicles IPO Dates
The Victory Electric Vehicles IPO date is 2026 and the close date is 2026. The Victory Electric Vehicles IPO allotment will be finalized on 2026 and the IPO listing on 2026.
| IPO Open Date: | 2026 |
| IPO Close Date: | 2026 |
| Basis of Allotment: | 2026 |
| Refunds: | 2026 |
| Credit to Demat Account: | 2026 |
| IPO Listing Date: | 2026 |
| IPO Bidding Cut-off Time: | 2026- 5 PM |
Promoters of Victory Electric Vehicles IPO
The promoters of the company are Sanjay Kumar Popli, Seema and Palak Poply.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | – | -% |
| Promoter Holding Post Issue | – | -% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Capital Expenditure | ₹5.00 |
| Working Capital Requirement | ₹22.00 |
| General Corporate Purposes | ₹7.54 |
About Victory Electric Vehicles IPO
Victory Electric Vehicles International Limited is involved in the design, production, and distribution of electric vehicles. Moreover, it was incorporated in October 2018. The company provides a diverse range of products, including E-rickshaws, E-Cargo/Loader E-rickshaws, and electric scooters. The company’s portfolio is beyond expectations, as they offered customized E-Three wheelers for specific purposes like food vending and ice cream sales.
The company delivers eco-friendly and sustainable transportation solutions through its extensive lineup of electric two-wheelers, three-wheelers, and commercial vehicles. Victory Electric Vehicles International Limited aims to contribute to the global shift towards green energy by promoting the adoption of electric transportation. Financially, the revenue 2024 of Victory Electric Vehicles was 39.68 crore, and PAT(profit After Tax) was 3.89 crore.
Victory Electric Vehicles IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2022 | ₹48.14 | ₹783.90 | ₹0.65 | ₹20.82 |
| 2023 | ₹52.14 | ₹1472.25 | ₹0.79 | ₹19.17 |
| 2024 | ₹48.76 | ₹2883.26 | ₹4.89 | ₹21.94 |
| December 2024 | ₹39.68 | ₹1423.72 | ₹3.89 | ₹37.55 |
Victory Electric Vehicles IPO Valuation – FY2024
Check Victory Electric Vehicles IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 70.19% |
| ROCE: | 44.78% |
| EBITDA Margin: | 14.44% |
| PAT Margin: | 10.10% |
| Debt to equity ratio: | 0.55 |
| Earning Per Share (EPS): | ₹18.95 (Basic) |
| Price/Earning P/E Ratio: | 22.78 |
| Return on Net Worth (RoNW): | 70.19% |
| Net Asset Value (NAV): | ₹37.17 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Wardwizard Innovations & Mobilitity Limited | 0.54 | 37.69 | 14.79% | 3.94 | – Cr. |
| Tunwal E-Motors Limited | 2.85 | 10.74 | 82.17% | 4.95 | – Cr. |
IPO Lead Managers aka Merchant Bankers
- Corpwis Advisors Private Limited
Company Address
Victory Electric Vehicles International Limited
Plot no 6, Second Floor
A-5, Maa Bhagwati Apartment
Paschim Vihar
Phone:
Email: [email protected]
Website: http://www.victoryevehilceindia.com/
IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: [email protected]
Website: https://maashitla.com/allotment-status/public-issues
Victory Electric Vehicles IPO FAQs
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Note: The Victory Electric Vehicles IPO price band and date are officially announced. The (Victory Electric Vehicles IPO grey market premium) will be added to the IPO GMP page as it will start).
