Victory Electric Vehicles International
NSE SME₹2,46,000 / Individual : 6000 Shares
IPO Live Subscription Details
| Category | Subscription (Times) |
|---|---|
| Date | 09 Jan 2026, 05:57 PM |
| NII | 0.38 times |
| Total | 1.00 times |
Victory Electric Vehicles International IPO Details
The Victory Electric Vehicles International IPO price band is set between ₹41 per equity share, with a face value of ₹5 per share. The issue is managed by Maashitla Securities Private Limited, and the equity shares are proposed to be listed on the NSE SME.
The IPO date for subscription opens on 7 Jan, 2026 and closes on 9 Jan, 2026. Investors can check the allotment status on 12 Jan, 2026, while the listing date is tentatively scheduled for 14 Jan, 2026.
The total issue size is 84,30,000 shares, aggregating up to ₹34.56 crore. Stay tuned for the latest Victory Electric Vehicles International IPO review and GMP updates.
Victory Electric Vehicles International IPO Review, Rating & Analysis
Victory Electric Vehicles International IPO Review
NO REVIEWVictory Electric Vehicles International IPO Rating
Victory Electric Vehicles International IPO Highlights
IPO Date
Jan 7, 2026 - Jan 9, 2026
Listing Date
14 Jan, 2026
Face Value
₹5 Per Equity Share
Price Band
₹41 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
NSE SME
Victory Electric Vehicles International IPO Lot Size
The minimum market lot for Victory Electric Vehicles International IPO is 6000 shares with an application amount of ₹2,46,000. Retail investors can apply for up to 0 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹2,46,000 |
| Retail (Max) | 0 | 0 | ₹0 |
| S-HNI (Min) | 1 | 6000 | ₹2,46,000 |
| S-HNI (Max) | 4 | 24000 | ₹9,84,000 |
| B-HNI (Min) | 5 | 30000 | ₹12,30,000 |
Victory Electric Vehicles International IPO Timeline
Issue Price
₹41 per equity shareFace Value
₹5 Per Equity ShareListing at Group
NSE SMERegistrar
Maashitla Securities Private LimitedLead Manager
Corpwis Advisors Private LimitedIssue Size
84,30,000 shares(aggregating up to ₹34.56 crore)Victory Electric Vehicles International IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30-Sep-25 | 33.19 | 16.90 | 1.62 | 16.50 | 8.67 | 4.85 |
| 31-Mar-25 | 31.29 | 51.06 | 5.17 | 14.87 | 7.04 | 9.29 |
| 31-Mar-24 | 21.94 | 48.76 | 4.89 | 9.70 | 7.09 | 5.30 |
| 31-Mar-23 | 19.17 | 52.14 | 0.79 | 4.24 | 2.20 | 2.90 |
In Cr.
Victory Electric Vehicles International IPO Reservation Details
| Investor Category | Shares Offered | % Shares |
|---|---|---|
| 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 Valuations
EPS Pre IPO
₹/-EPS Post IPO
₹/-PE Pre IPO
-PE Post IPO
-ROE
42.10%ROCE
31.27%Debt Equity
0.62RoNW
42.11%PAT Margin
10.17%Price to Book Value
4.32Promoters & Share Holding
Promoter(s) Name
- Sanjay Kumar Popli
- Seema and Palak Poply
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 97.41% | 63.33% |
About 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.
Victory Electric Vehicles International IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 40,02,000 | <span>
40,05,000
</span> | 80,07,000 | |
Day 107-01-26 05:00 PM | 0.18 x | <span>
0.38
x
</span> | 0.28 x | |
Day 208-01-26 05:00 PM | 0.19 x | <span>
0.65
x
</span> | 0.42 x | |
Day 309-01-26 05:00 PM | 0.38 x | <span>
0.99
x
</span> | 1.00 x |
Retail:0.99x
Victory Electric Vehicles International IPO - Issue Objectives & Utilisation of proceeds
| Objectives | Amount |
|---|---|
| Capital Expenditure | - |
| Working Capital Requirement | - |
| General Corporate Purposes | - |
Company Contact Details
Victory Electric Vehicles International
Plot no 6, Second Floor, A-5, Maa Bhagwati Apartment,Paschim Vihar New Delhi-110063Phone: +91 9643108966
Email: compliance@victoryevindia.com
Website: http://www.victoryevehilceindia.com/
Registrar Contact Details
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Frequently Asked Questions about Victory Electric Vehicles International IPO
When will Victory Electric Vehicles International IPO open for subscription?
The Victory Electric Vehicles International IPO opens on 7 Jan, 2026 and closes on 9 Jan, 2026.
What is the investors portion for Victory Electric Vehicles International IPO?
The investors' portion for QIB is 0.38 x, NII is 0.99 x, and Retail is .
How to apply for Victory Electric Vehicles International IPO?
You can apply for Victory Electric Vehicles International IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Victory Electric Vehicles International IPO?
The issue size of Victory Electric Vehicles International IPO is approx ₹84,30,000 shares(aggregating up to ₹34.56 crore) crores.
What is the price band of Victory Electric Vehicles International IPO?
The price band for Victory Electric Vehicles International IPO is ₹41 per equity share to ₹undefined.
What is the lot size of Victory Electric Vehicles International IPO?
The minimum bid (lot size) for Victory Electric Vehicles International IPO is 3000 shares with an investment of approx ₹2,46,000 .
What is the allotment date of Victory Electric Vehicles International IPO?
The allotment date for Victory Electric Vehicles International IPO is 12 Jan, 2026.
What is the listing date of Victory Electric Vehicles International IPO?
The listing date for Victory Electric Vehicles International IPO is expected to be 14 Jan, 2026.
What is the GMP of Victory Electric Vehicles International IPO?
The latest Grey Market Premium (GMP) for Victory Electric Vehicles International IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.