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VE

Victory Electric Vehicles

Listed SME NSE SME · 2/3 Wheelers

Price Band

Issue Size

₹34.56 Cr

Lot Size

3,000 shares

Min Investment

₹246,000

GMP

+₹0.0 (0.0%)

Issue Price

₹41.0

calendar_month Important Dates

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IPO Open Date
Wed, 07 Jan 2026
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IPO Close Date
Fri, 09 Jan 2026
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Allotment Date
Mon, 12 Jan 2026
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Refund Initiation
Tue, 13 Jan 2026
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Credit of Shares
Tue, 13 Jan 2026
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Listing Date
Wed, 14 Jan 2026
Listing Price
₹41.0 +0.0%

bar_chart Subscription Status

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Subscription data unavailable

trending_up Grey Market Premium (GMP)

GMP

₹0.0

GMP %

0.0%

Est. Listing

₹41.0

schedule Updated: 14 Jul 2026 15:53

business About the Company

Incorporated in October 2018, Victory Electric Vehicles International Limited designs, manufactures, and distributes electric vehicles. The company provides sustainable and eco-friendly mobility solutions by offering a wide range of electric two-wheelers, three-wheelers, and commercial vehicles. Victory Electric Vehicles International Limited aims to contribute to the global shift towards green energy by promoting the adoption of electric transportation. The company offers products ranging from E-rickshaws, E-Cargo/Loader E-rickshaws, Scooters, etc. The portfolio extends beyond conventional offerings to include customized E-Three Wheelers, catering to specific needs such as Food Three Wheelers and Ice Cream Three Wheelers etc. The company integrates advanced technologies into its vehicles, such as lithium-ion battery systems, efficient electric drivetrains, and smart connectivity features. It caters to both domestic and international markets, striving to offer reliable performance, cost-effective ownership, and minimal environmental impact. Victory Electric Vehicles International Limited envisions a cleaner and greener future, aligning its mission with global efforts to reduce carbon emissions and dependence on fossil fuels. Competitive Strength: Geographical presence in 12 states with dealers in all 12 states. Experienced Leadership Backed by a Skilled Professional Team. Robust Financial Performance.

payments Company Financials (₹ Cr)

As of 2025-09-30

Period Ended 30 Sep 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 33.19 31.29 21.94 19.17
Total Income 16.90 51.06 48.76 52.14
Profit After Tax 1.62 5.17 4.89 0.79
EBITDA 2.60 7.79 6.99 1.80
NET Worth 16.50 14.87 9.70 4.24
Reserves and Surplus 8.67 7.04 7.09 2.20
Total Borrowing 4.85 9.29 5.30 2.90

Key Ratios

EPS

₹3.30

NAV

₹9.50

ROE

42.10%

ROCE

31.27%

RoNW

42.11%

P/B Value

4.32

P/E Ratio

12.41

Market Cap

₹98.77 Cr

PAT Margin

10.17%

Debt/Equity

0.62

Promoters

Sanjay Kumar Popli, Seema and Palak Poply

Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Capital Expenditure 5.00 2 Working Capital Requirement 18.00 3 General Corporate Purposes 6.78 4 Issue expenses 4.76 Total 34.54

info Issue Details

Issue Type SME Book Built
Issue Size ₹34.56 Cr
Price Band ₹ (Fixed)
Issue Price ₹41.0
Lot Size 3,000 shares
Min Investment ₹246,000
Exchange NSE SME
Sector 2/3 Wheelers
Open Date 07 Jan 2026
Close Date 09 Jan 2026
Allotment 12 Jan 2026
Listing Date 14 Jan 2026

pie_chart Investor Allocation

QIB (Institutional) 50%
NII / HNI 15%
Retail (RII) 35%

Registrar

domain Maashitla Securities Pvt.Ltd.

Lead Managers / Book Running

account_balance Corpwis Advisors Pvt.Ltd.

timeline IPO Timeline

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Open

07 Jan 2026

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Close

09 Jan 2026

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Allotment

12 Jan 2026

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Listing

14 Jan 2026

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