Victory Electric Vehicles, GMP IPO Date, Review, Price, Allotment Details IPO
Victory Electric Vehicles IPO Summary
IPO Open Date: 07 Jan 2026
IPO Close Date: 09 Jan 2026
Price Band: ₹41 Per Share
Issue Size: Approx ₹35 Crores
Listing Exchange: BSE SME
Website: http://www.victoryevehilceindia.com/
Victory Electric Vehicles IPO Overview
Victory Electric Vehicles IPO is a fixed price issue of ₹34.56 crores. The issue is entirely a fresh issue of 0.84 crore shares of ₹34.56 crore.
Victory Electric Vehicles IPO opens for subscription on Jan 7, 2026 and closes on Jan 9, 2026. The allotment for the Victory Electric Vehicles IPO is expected to be finalized on Jan 12, 2026. Victory Electric Vehicles IPO will list on NSE SME with a tentative listing date fixed as Jan 14, 2026.
Victory Electric Vehicles IPO price is ₹41 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹2,46,000 (6,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (9,000 shares), amounting to ₹3,69,000.
Victory Electric Vehicles IPO Details
| Company Name | Victory Electric Vehicles International Limited |
| IPO Open Date | 07 Jan 2026 |
| IPO Close Date | 09 Jan 2026 |
| Face Value | ₹5 Per Equity Share |
| Price Band | ₹41 Per Share |
| Issue Size | Approx ₹35 Crores |
| Fresh Issue | Approx ₹35 Crores |
| Offer for Sale | - |
| Issue Type | Fixed Price IPO |
| Listing On | NSE SME |
Victory Electric Vehicles IPO Market Lot
The Victory Electric Vehicles IPO minimum market lot is 6,000 shares with ₹2,46,000 application amount.
| Category | Lot Size | 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 |
Victory Electric Vehicles IPO Reservation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | -% |
| NII / HNI | 40,02,000 Shares | 47.47% |
| Retail | 40,05,000 Shares | 47.51% |
Victory Electric Vehicles IPO Dates & Allotment
| IPO Opening Date | 07 Jan 2026 |
| IPO Closing Date | 09 Jan 2026 |
| Bidding Cutoff Time | 5 PM |
| Basis of Allotment | 12 Jan 2026 |
| Refunds Initiation | 13 Jan 2026 |
| Credit to Demat | 13 Jan 2026 |
| IPO Listing Date | 14 Jan 2026 |
Victory Electric Vehicles IPO Objects of the Issue & Utilization of Proceeds
| Description | Amount |
|---|---|
| Capital Expenditure | ₹5.00 |
| Working Capital Requirement | ₹18.00 |
| General Corporate Purposes | ₹6.78 |
Victory Electric Vehicles International Limited Financials
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹52.14 | ₹- | ₹0.79 | ₹19.17 |
| 2024 | ₹48.76 | ₹- | ₹4.89 | ₹21.94 |
| 2025 | ₹51.06 | ₹- | ₹5.17 | ₹31.29 |
| September 2025 | ₹16.90 | ₹- | ₹1.62 | ₹33.19 |
Victory Electric Vehicles IPO Valuation
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.
| Parameter | Value |
|---|---|
| Earnings Per Share (EPS) | ₹3.30 (Basic) |
| P/E Ratio | 12.42 |
| Return on Equity (ROE) | 42.10% |
| Return on Capital Employed (ROCE) | 31.27% |
| Return on Net Worth (RoNW) | 42.11% |
| Net Asset Value (NAV) | ₹9.50 |
| EBITDA Margin | 15.32% |
| PAT Margin | 10.17% |
| Debt to Equity Ratio | 0.62 |
Victory Electric Vehicles IPO Peer Group Comparison
| Company | EPS | P/E | RoNW % | NAV | Total Income |
|---|---|---|---|---|---|
| Wardwizard Innovations & Mobilitity Limited | 0.26 | 32.58 | 6.50% | 4.08 | – Cr. |
| Tunwal E-Motors Limited | 2.32 | 15.32 | 19.26% | 20.09 | – Cr. |
Victory Electric Vehicles IPO Promoters & Holding Pattern
The promoters of the company are Sanjay Kumar Popli, Seema and Palak Poply.
| Particulars | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 1,56,60,000 | 97.41% |
| Promoter Holding Post Issue | 2,40,90,000 | 63.33% |
Victory Electric Vehicles IPO Lead Managers (Merchant Bankers)
- Corpwis Advisors Private Limited
About Victory Electric Vehicles International Limited
Victory Electric Vehicles International Limited is an Indian company that designs, manufactures, and distributes a range of electric vehicles, including e-rickshaws, e-loaders, and electric scooters. The company, which operates in both B2B and B2C segments, has a manufacturing capacity of 6,000 vehicles annually as of 2024 and a presence across 12 states in India.
Victory Electric Vehicles International Limited Address
West Delhi, New Delhi, 110063Phone: +91-11-45121795-96
Email: [email protected]
Victory Electric Vehicles IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: [email protected]
Website: https://maashitla.com/allotment-status/public-issues