Victory Electric Vehicles IPO description – Victory Electric Vehicles International specializes in manufacturing a wide range of electric vehicles, including E-rickshaws, E-Cargo/Loader E-Rickshaws, and scooters. Its portfolio goes beyond standard offerings by providing customized E-Three Wheelers tailored for specific purposes, such as Food Three Wheelers and Ice Cream Three Wheelers. The company is focused on leveraging the growing opportunities presented by the electrification of mobility in India and is also exploring prospects for exporting EVs to select international markets in the future.
The company recently introduced a new variant of electric vehicles, the L-5 series, expanding its portfolio with five new models. As of 31 December 2024, Victory Electric Vehicles International employed 110 permanent staff. Its primary product offerings include:
- Battery Operated E-Rickshaws (Standard and Customized)
- Battery Operated Scooters
Promoters of Victory Electric Vehicles International – Sanjay Kumar Popli, Seema and Palak Poply
Table of Contents
Victory Electric Vehicles International IPO Details
| Victory Electric Vehicles IPO Dates | 20 – 23 May 2025 |
| Victory Electric Vehicles Issue Price | INR 72 per share |
| Fresh issue | 56,47,000 shares (INR 40.66 crore) |
| Offer For Sale | NIL |
| Total IPO size | 56,47,000 shares (INR 40.66 crore) |
| Minimum bid (lot size) | 1,600 shares (INR 1,15,200) |
| Face Value | INR 5 per share |
| Retail Allocation | 50% |
| Listing On | NSE EMERGE |
Victory Electric Vehicles Financial Performance
| FY 2022 | FY 2023 | FY 2024 | 9M FY 2025 | |
| Revenue | 47.41 | 51.91 | 48.44 | 39.51 |
| Expenses | 47.22 | 51.04 | 42.19 | 34.41 |
| Net income | 0.65 | 0.79 | 4.89 | 3.89 |
Victory Electric Vehicles Offer News
Victory Electric Vehicles Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 0.94 | 0.96 | 3.16 |
| PE ratio | – | – | 22.78 |
| RONW (%) | 28.75 | 22.47 | 70.19 |
| NAV | 4.06 | 5.16 | 6.26 |
| ROCE (%) | 8.51 | 14.13 | 44.78 |
| EBITDA (%) | 2.45 | 3.47 | 14.44 |
| Debt/Equity | 2.81 | 1.47 | 0.55 |
Victory Electric Vehicles IPO GMP Today
Victory Electric Vehicles IPO Subscription – Live Updates
Coming soon
The market maker reservation portion of shares is not included in the above calculations.
Victory Electric Vehicles IPO Allotment Status
Victory Electric Vehicles IPO allotment status will be available on the Maashitla Securities website. Click on Maashitla Securities IPO weblink to get allotment status.
Victory Electric Vehicles IPO Dates & Listing Performance
| IPO Opening Date | 20 May 2025 |
| IPO Closing Date | 23 May 2025 |
| Finalization of Basis of Allotment | 27 May 2025 |
| Initiation of refunds | 27 May 2025 |
| Transfer of shares to demat accounts | 27 May 2025 |
| IPO Listing Date | 28 May 2025 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Victory Electric Vehicles Offer Lead Manager
CORPWIS ADVISORS PRIVATE LIMITED
G-07, Ground Floor, The Summit Business Park (Omkar),
Andheri Kurla Road, Andheri East, Mumbai-400093, Maharashtra
Phone: +91 – 22 – 4972 9990
Email: [email protected]
Website: www.corpwis.com
Victory Electric Vehicles Offer Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone: +91-11-45121795
Email: [email protected]
Website: www.maashitla.com
VICTORY ELECTRIC VEHICLES INTERNATIONAL LIMITED
Plot no 6, Second Floor, A-5, Maa Bhagwati
Apartment, Paschim Vihar, New Delhi-110063
Phone: +91 9643108966
E-mail: [email protected]
Website: www.victoryevindia.com
IPO FAQs
What is the Victory Electric Vehicles offer size?
Victory Electric Vehicles offer size is INR 40.66 crores.
What is the Victory Electric Vehicles offer price band?
Victory Electric Vehicles public offer price is INR 72 per share.
What is the lot size of the Victory Electric Vehicles IPO?
Victory Electric Vehicles offer lot size is 1,600 shares.
What is Victory Electric Vehicles IPO GMP today?
Victory Electric Vehicles IPO GMP today is INR NA per share.
What is the Victory Electric Vehicles kostak rate today?
Victory Electric Vehicles kostak rate today is INR NA per application.
What is Victory Electric Vehicles IPO Subject to Sauda rate today?
Victory Electric Vehicles Subject to Sauda rate today is INR NA per application.
