Victory Electric Vehicles International Limited was established in October 2018 with a focus on the design, manufacturing, and distribution of electric vehicles. It provides a diverse array of sustainable and eco-friendly mobility solutions, including electric two-wheelers, three-wheelers, and commercial vehicles.

The company’s product lineup encompasses E-rickshaws, E-Cargo/Loader E-rickshaws, Scooters, and tailored E-Three Wheelers designed for specialized uses such as Food Three Wheelers and Ice Cream Three Wheelers. By incorporating advanced technologies like lithium-ion battery systems, efficient electric drivetrains, and smart connectivity, Victory Electric Vehicles enhances vehicle performance and reliability.

Victory Electric Vehicles IPO will open on January 7, 2026, and close on January 9, 2026. It is structured as a Fixed Price Issue, with a total fundraising target of approximately ₹35 crores. The fixed price for the IPO has been set at ₹41 per share. In terms of allocation, the retail quota is 50%, the HNI (High Net-worth Individual) quota is 50%, and the QIB (Qualified Institutional Buyer) quota is 0%.

The basis of allotment is scheduled to be finalized on January 12, 2026, with the shares expected to list on the NSE on January 14, 2026. Financially, the company reported an increase in revenue from ₹48.76 crore in 2024 to ₹51.06 crores in 2025, while its profit rose from ₹4.89 crores in 2024 to ₹5.17 crores in 2025.

Victory Electric Vehicles IPO Details

IPO Date	January 7, 2026 to January 9, 2026
Listing Date	Wed, Jan 14, 2026
Face Value	₹5 per share
Issue Price	₹41 per share
Lot Size	3,000 Shares
Issue Size	Approx ₹35 Crores
Issue Type	Fixed Price IPO
Listing At	NSE SME
Share Holding Pre Issue	1,56,60,000 shares
Share Holding Post Issue	2,40,90,000 shares

Victory Electric Vehicles IPO Dates

Victory Electric Vehicles opens on January 7 and concludes on January 9. Following the subscription period, the basis of allotment will be finalized on January 12, with the shares scheduled to be listed on January 14.

IPO Open Date	Wed, Jan 7, 2026
IPO Close Date	Fri, Jan 9, 2026
Tentative Allotment	Mon, Jan 12, 2026
Refunds	Tue, Jan 13, 2026
Credit of Shares to Demat	Tue, Jan 13, 2026
Tentative Listing Date	Wed, Jan 14, 2026

Victory Electric Vehicles IPO Market Lot

The minimum market lot for the Victory Electric Vehicles IPO is set at 6,000 shares, requiring an application amount of ₹2,46,000.

Application	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

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Victory Electric Vehicles IPO 2026 — What Investors Should Know