IPO

Victory Electric Vehicles International Limited IPO

NSE SME

Listed On: Jan 14, 2026 at ₹ 34.45

₹ 246000 /6000 Shares
*Min Investment

Check Allotment

07 Jan, 2026

Open Date

09 Jan, 2026

Close Date

12 Jan, 2026

Allotment Date

14 Jan, 2026

Listing Date
Victory Electric Vehicles International IPO Live Subscription Details
View Subscription Details
Individual 0.99x
NIIs 0.38x
Individual 0.99x
Total 1.00x
Last updated: 09 Jan 2026, 05:57 PM
Victory Electric Vehicles International IPO Issue Details
  • Issue Price ₹41 per equity share
  • Face Value ₹5 Per Equity Share
  • Total Issue Size 84,30,000 shares(aggregating up to ₹34.56 crore)
  • Fresh Share 84,30,000 shares(aggregating up to ₹34.56 crore)
  • Listing at NSE SME
  • List Price 34.45
  • Listing Date 2026-01-14
  • Lead Manager Corpwis Advisors Private Limited
  • Registrar Maashitla Securities Private Limited
Market Lot Size

Investors can bid for a minimum of 6000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Individual (min) 2 6000 ₹2,46,000
Individual(max) 2 6000 ₹2,46,000
SHNI(min) 3 9000 ₹3,69,000
Victory Electric Vehicles International IPO Reservation

Victory Electric Vehicles International IPO offers total 8430000 shares. Out of which NA (NA%) allocated to QIB, 4002000 (47.47%) allocated to NII,4005000 (47.51%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Market Maker Shares Offered 423000 (5.02%)
NII (HNI) Shares Offered 4002000 (47.47%)
Individual Shares Offered 4005000 (47.51%)
Total Shares Offered 8430000 (100%)
Victory Electric Vehicles International IPO Documents
DRHP
RHP
Victory Electric Vehicles International IPO Details


Victory Electric Vehicles International Limited IPO is an SME IPO, priced at ₹41 per equity share. The equity shares have a face value of ₹5 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 84,30,000 equity shares, aggregating up to ₹34.56 crores..

The IPO bidding window is open from Jan 7, 2026 to Jan 9, 2026. The allotment is expected to be finalized on Jan 12, 2026, and the tentative listing date is Jan 14, 2026.

The minimum lot size for Individual investors is 6000 shares, with a minimum investment of ₹2,46,000.

Corpwis Advisors Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Maashitla Securities Private Limited, and Alacrity Securities Ltd. will act as the market maker for this issue.

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Victory Electric Vehicles International IPO Subscription Analysis And Details
Retail
0.99x
Total
1.00x
As on QIB / NII Individual Total
Shares Offered / Reserved 40,02,000 40,05,000 80,07,000
Day 1 07-01-26 05:00 PM
0.18 x 0.38 x 0.28 x
Day 2 08-01-26 05:00 PM
0.19 x 0.65 x 0.42 x
Day 3 09-01-26 05:00 PM
0.38 x 0.99 x 1.00 x
Total No of Applications
698
Subscription on the basis of Applications
Retail:0.99x
Victory Electric Vehicles International Valuations
EPS Pre IPO ₹/-
EPS Post IPO ₹/-
ROE 42.10%
ROCE 31.27%
Debt/Equity 0.62
RoNW 42.11%
PAT Margin 10.17%
Price to Book Value 4.32
Market Cap. 98.77 Cr.
Victory Electric Vehicles International Company Financials
In Crs.
In Cr.
30-Sep-25 31-Mar-25 31-Mar-24 31-Mar-23
Assets 33.19 31.29 21.94 19.17
Revenue 16.90 51.06 48.76 52.14
Profit After Tax 1.62 5.17 4.89 0.79
Net Worth 16.50 14.87 9.70 4.24
Reserves & Surplus 8.67 7.04 7.09 2.20
Total Borrowing 4.85 9.29 5.30 2.90
About Victory Electric Vehicles International Company

Incorporated in October 2018, Victory Electric Vehicles International Limited is engaged in designing, manufacturing, and marketing electric vehicles.

The company offers green and sustainable mobility solutions by providing a diversified portfolio of electric two-wheelers, three-wheelers, and commercial vehicles. Victory Electric Vehicles International Limited works towards supporting the world's transition to green energy by encouraging the use of electric transportation.

The company provides products from E-rickshaws, E-Cargo/Loader E-rickshaws, Scooters, etc.The portfolio exceeds the traditional models to encompass tailormade E-Three Wheelers, aimed at meeting tailored needs like Food Three Wheelers and Ice Cream Three Wheelers etc.It combines cutting-edge technologies in vehicles, including lithium-ion battery sets, optimized electric drives, and intelligent connectivity functionality.

It appeals to both regional and global markets, aiming at delivering dependable performance, affordable cost of ownership, and low emissions.Victory Electric Vehicles International Limited is committed to a greener and cleaner tomorrow, joining the world in its drive to cut carbon emissions and reduce fossil fuel reliance.

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Victory Electric Vehicles International - Promoter(s)

Sanjay Kumar Popli

Seema and Palak Poply

Pre Issue Share Holding : 97.41%

Post Issue Share Holding : 63.33%

Victory Electric Vehicles International IPO - Issue Objectives
1

Capital Expenditure

2

Working Capital Requirement

3

General Corporate Purposes

Contact Details

Victory Electric Vehicles International

Plot no 6, Second Floor, A-5, Maa Bhagwati Apartment,Paschim Vihar New Delhi-110063

+91 9643108966

compliance@victoryevindia.com

http://www.victoryevehilceindia.com/

Registrar Contact Details

Maashitla Securities Private Limited

+91-11-45121795-96

ipo@maashitla.com

https://maashitla.com/allotment-status/public-issues