IPO Alert✨✨: Victory Electric Vehicles IPO price band is ₹41 per share. The retail quota is 50%, QIB is 00%, and HNI is 50%. Victory Electric Vehicles IPO to list on NSE on January 14, 2026. The allotment of Victory Electric Vehicles IPO date is January 12, 2026.
Victory Electric Vehicles IPO open date is January 7, 2026 and the IPO will close on January 9, 2026. Victory Electric Vehicles IPO is a Fixed Price Issue. The company to raise around ₹35 crores via IPO that comprises fresh issue of ₹35 crores and offer for sale up to [.] equity shares with face value of ₹5 each.
Victory Electric Vehicles reported revenue of ₹51.06 crores in 2025 against ₹48.76 crore in 2024. Victory Electric Vehicles company reported profit of ₹5.17 crores in 2025 against profit of ₹4.89 crores in 2024. As per the financials the IPO investors should apply the IPO for a long term.
Victory Electric Vehicles IPO Dates
The Victory Electric Vehicles IPO opening date is January 7, 2026 and the closing date is January 9, 2026. The Victory Electric Vehicles IPO allotment will be finalized on January 12 , 2026 and the IPO listing on January 14, 2026.
| IPO Open Date: | January 7, 2026 |
| IPO Close Date: | January 9, 2026 |
| Basis of Allotment: | January 12, 2026 |
| Refunds: | January 13, 2026 |
| Credit to Demat Account: | January 13, 2026 |
| IPO Listing Date: | January 14, 2026 |
| IPO Bidding Cut-off Time: | January 9, 2026- 5 PM |
Victory Electric Vehicles IPO Details
| IPO Open Date: | January 7, 2026 |
| IPO Close Date: | January 9, 2026 |
| Face Value: | ₹5 Per Equity Share |
| IPO Price Band: | ₹41 Per Share |
| Issue Size: | Approx ₹35 Crores |
| Fresh Issue: | Approx ₹35 Crores |
| Issue Type: | Fixed Price Issue |
| IPO Listing: | NSE SME |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | -% |
| NII Shares Offered | 40,02,000 Shares | 47.47% |
| Retail Shares Offered | 40,05,000 Shares | 47.51% |
Victory Electric Vehicles IPO Market Lot
The Victory Electric Vehicles IPO minimum market lot is 6,000 shares with ₹2,46,000 application amount.
| 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 |
| S-HNI Maximum | – | – | ₹- |
| B-HNI Minimum | – | – | ₹- |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Capital Expenditure | ₹5.00 |
| Working Capital Requirement | ₹18.00 |
| General Corporate Purposes | ₹6.78 |
Promoters of Victory Electric Vehicles IPO
The promoters of the company are Sanjay Kumar Popli, Seema and Palak Poply.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,56,60,000 | 97.41% |
| Promoter Holding Post Issue | 2,40,90,000 | 63.33% |
About Victory Electric Vehicles IPO
Victory Electric Vehicles company delivers eco-friendly and sustainable transportation solutions through its extensive lineup of electric two-wheelers, three-wheelers, and commercial vehicles.
Victory Electric Vehicles International Limited aims to the global shift towards green energy by promoting the adoption of electric transportation.Financially, the revenue 2024 of Victory Electric Vehicles was 39.68 crore, and PAT(profit After Tax) was 3.89 crore.
Victory Electric Vehicles International Limited is involved in the design, production, and distribution of electric vehicles. Moreover, it was incorporated in October 2018. The company provides a diverse range of products, including E-rickshaws, E-Cargo/Loader E-rickshaws, and electric scooters.
Victory Electric Vehicles company’s portfolio is beyond expectations, as they offered customized E-Three wheelers for specific purposes like food vending and ice cream sales.
Victory Electric Vehicles IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹52.14 | ₹51.04 | ₹0.79 | ₹19.17 |
| 2024 | ₹48.76 | ₹42.19 | ₹4.89 | ₹21.94 |
| 2025 | ₹51.06 | ₹44.05 | ₹5.17 | ₹31.29 |
| September 2025 | ₹16.90 | ₹14.73 | ₹1.62 | ₹33.19 |
Victory Electric Vehicles IPO Valuation – FY2025
Check Victory Electric Vehicles IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 42.10% |
| ROCE: | 31.27% |
| EBITDA Margin: | 15.32% |
| PAT Margin: | 10.17% |
| Debt to equity ratio: | 0.62 |
| Earning Per Share (EPS): | ₹3.30 (Basic) |
| Price/Earning P/E Ratio: | 12.42 |
| Return on Net Worth (RoNW): | 42.11% |
| Net Asset Value (NAV): | ₹9.50 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Wardwizard Innovations & Mobilitity Limited | 0.26 | 32.58 | 6.50% | 4.08 | – Cr. |
| Tunwal E-Motors Limited | 2.32 | 15.32 | 19.26% | 20.09 | – Cr. |
IPO Lead Managers aka Merchant Bankers
- Corpwis Advisors Private Limited
Company Address
Victory Electric Vehicles International Limited
Plot no 6, Second Floor
A-5, Maa Bhagwati Apartment
Paschim Vihar
Phone:
Email: compliance@victoryevindia.com
Website: http://www.victoryevehilceindia.com/
IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@mashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Victory Electric Vehicles IPO FAQs
What is Victory Electric Vehicles IPO?
Victory Electric Vehicles IPO is a SME IPO. The company is going to raise ₹35 Crores via IPO. The issue is priced at ₹41 per equity share. The IPO is to be listed on NSE.
When Victory Electric Vehicles IPO will open for subscription?
The IPO is to open on January 7, 2026 for QIB, NII, and Retail Investors. The IPO will close on January 9, 2026.
What is Victory Electric Vehicles IPO Investors Portion?
The investors’ portion for QIB is 00%, NII is 50%, and Retail is 50%.
How to Apply the Victory Electric Vehicles IPO?
You can apply for Victory Electric Vehicles IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
What is Victory Electric Vehicles IPO Issue Size?
Victory Electric Vehicles IPO issue size is ₹35 crores.
What is Victory Electric Vehicles IPO Price Band?
Victory Electric Vehicles IPO Price Band is ₹41.
What is Victory Electric Vehicles IPO Lot Size?
The minimum bid is 6,000 Shares with ₹2,46,000 amount.
What is the Victory Electric Vehicles IPO Allotment Date?
Victory Electric Vehicles IPO allotment date is January 12, 2026.
What is the Victory Electric Vehicles IPO Listing Date?
Victory Electric Vehicles IPO listing date is January 14, 2026. The IPO is to list on NSE.
Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. We are not SEBI registered. The Investors are advised to do their own research or connect with a Registered financial advisor before making any investment decisions
