Founded in October 2018, Victory Electric Vehicles International Limited specializes in the design, production, and distribution of electric vehicles. The company is committed to delivering sustainable and eco-friendly mobility solutions, featuring a diverse lineup of electric two-wheelers, three-wheelers, and commercial vehicles. By promoting the transition to electric transportation, Victory Electric Vehicles International Limited supports the worldwide movement toward green energy.

Its product range includes E-rickshaws, E-Cargo/Loader E-rickshaws, scooters, and more. Additionally, the company provides tailored E-Three Wheelers for specialized uses, such as Food Three Wheelers and Ice Cream Three Wheelers. Advanced technologies like lithium-ion batteries, high-efficiency electric drivetrains, and smart connectivity are integrated into its vehicles.

Aligned with global sustainability goals, Victory Electric Vehicles International Limited strives to reduce carbon emissions and fossil fuel reliance. As of June 30, 2024, the company employs 110 permanent staff.

The Victory Electric Vehicles IPO opens on May 20, 2025, and closes on May 23, 2025, with a price band of ₹72 per share. The allocation includes a 50% retail quota and 50% HNI quota, with no QIB portion. The IPO is set to list on the NSE on May 28, 2025, and the allotment will be finalized by May 27, 2025. Financially, the company posted revenues of ₹48.76 crores in 2024, down from ₹52.14 crores in 2023, while profits rose to ₹4.89 crores in 2024 from ₹0.79 crores the previous year.

Victory Electric Vehicles IPO Details

IPO Date	May 20, 2025 to May 23, 2025
Listing Date	[.]
Face Value	₹5 per share
Issue Price	₹72 per share
Lot Size	1,600 Shares
Total Issue Size	Approx ₹40.66 Crores
Fresh Issue	Approx ₹40.66 Crores
Issue Type	Fixed Price IPO
Listing At	NSE SME
Share Holding Pre Issue	1,56,60,000 shares
Share Holding Post Issue	2,13,07,000 shares

Victory Electric Vehicles IPO Dates

The initial public offering of Victory Electric Vehicles will be available for subscription from May 20 to May 23, 2025.

IPO Open Date	Tue, May 20, 2025
IPO Close Date	Fri, May 23, 2025
Tentative Allotment	Tue, May 27, 2025
Refunds	Tue, May 27, 2025
Credit of Shares to Demat	Tue, May 27, 2025
IPO Listing Date	Wed, May 28, 2025
UPI Mandate Confirmation Deadline	5 PM on May 23, 2025

Victory Electric Vehicles IPO Market Lot

The minimum lot size for Victory Electric Vehicles IPO is set at 1,600 shares, with each application amounting to ₹1,15,200.

Application	Lot Size	Shares	Amount
Retail Minimum	1	1600	₹1,15,200
Retail Maximum	1	1600	₹1,15,200
S-HNI Minimum	2	3200	₹2,30,400

Know more

How to Apply for Victory Electric Vehicles IPO in 2025