Victory Electric Vehicles IPO is scheduled to open for subscription on May 20, 2025, and will close on May 23, 2025. The IPO is a fresh issue of 56.47 lakh shares, with a fixed price of ₹72 per share, aiming to raise ₹40.66 crores. The allotment is likely to be finalized on May 27, with listing on the NSE SME platform expected on May 28, 2025.
In terms of financial performance, the company has shown consistent growth. For the period ended December 31, 2024, it reported a profit of ₹3.89 crore and revenue of ₹39.68 crore. In FY 2023-24, the profit stood at ₹4.89 crore. The company’s net worth rose from ₹2.78 crore in FY 2022 to ₹13.59 crore by December 2024. This steady rise in profitability and net worth reflects strong financial fundamentals leading into the IPO.
Victory Electric Vehicles International Limited, established in October 2018, is a manufacturer of electric two-wheelers, three-wheelers, and commercial vehicles, offering eco-friendly mobility solutions.
The company focuses on sustainability through products like e-rickshaws, loaders, scooters, and customized models such as food and ice cream three-wheelers.
Integrating advanced features like lithium-ion batteries and smart connectivity, it caters to both domestic and global markets. With a team of 110 employees (as of June 30, 2024), the company leverages experienced leadership, customer-centric strategies, and modern infrastructure to support its mission of a greener, low-emission future.
Overview of Contents
Victory Electric Vehicles International IPO Overview
| Particulars | Details |
|---|---|
| Issue Type | Fixed Price IPO |
| Stock Exchange Listing | NSE SME |
| Face Value per Share | ₹5 |
| Issue Price | ₹72 per equity share |
| Lot Size | 1,600 shares |
| Total Shares Offered | 56,47,000 equity shares |
| Issue Size | ₹40.66 Crores |
| Fresh Issue Portion | Entirely Fresh Issue |
| Pre-Issue Shareholding | 1,56,60,000 shares |
| Post-Issue Shareholding | 2,13,07,000 shares |
| Market Maker Reservation | 2,83,800 shares |
| Retail Investor Quota | 50% of the Net Issue |
| Other Investor Quota | 50% of the Net Issue |
Victory Electric Vehicles International IPO Prospectus
| DRHP | Click Here |
|---|---|
| RHP | Click here |
Victory Electric Vehicles International IPO Dates
| Event | Date |
|---|---|
| IPO Opening Date | Tuesday, 20 May 2025 |
| IPO Closing Date | Friday, 23 May 2025 |
| UPI Mandate Confirmation Deadline | Friday, 23 May 2025, by 5:00 PM |
| Basis of Allotment Finalization | Tuesday, 27 May 2025 |
| Initiation of Refunds | Tuesday, 27 May 2025 |
| Credit of Shares to Demat Accounts | Tuesday, 27 May 2025 |
| Expected Listing Date on NSE SME | Wednesday, 28 May 2025 |
Victory Electric Vehicles IPO Lot Size
Investors can apply for a minimum of 1 lot (1,600 shares) and in multiples thereafter. The table below outlines the minimum and maximum investment limits for retail and HNI categories.
| Investor Type | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min/Max) | 1 | 1,600 | 1,15,200 |
| HNI (Minimum) | 2 | 3,200 | 2,30,400 |
Victory Electric Vehicles IPO Promoter Holding
| hareholding | Percentage |
|---|---|
| Pre-Issue Holding | 97.41% |
| Post-Issue Holding | 71.60% |
Victory Electric Vehicles International IPO Financial Performance
| Financial Metrics | Dec 31, 2024 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 |
|---|---|---|---|---|
| Revenue | 39.68 | 48.76 | 52.14 | 48.14 |
| Profit After Tax (PAT) | 3.89 | 4.89 | 0.79 | 0.65 |
| Total Assets | 37.55 | 21.94 | 19.17 | 20.82 |
| Net Worth | 13.59 | 9.70 | 4.24 | 2.78 |
| Reserves & Surplus | 5.76 | 7.09 | 2.20 | 1.41 |
| Total Borrowings | 9.12 | 5.30 | 6.21 | 7.80 |
Object of the issue
- Capital Expenditure
- Working Capital Requirement
- General Corporate Purposes
Victory Electric Vehicles IPO – Key Financial Metrics
| Metric | Value |
|---|---|
| Return on Equity (ROE) | 70.19% |
| Return on Capital Employed (ROCE) | 44.78% |
| Debt/Equity Ratio | 0.55 |
| Return on Net Worth (RoNW) | 70.19% |
| PAT Margin | 10.10% |
| Price to Book Value | 1.94 |
| Earnings Per Share (EPS) – Pre IPO | ₹3.12 |
| Earnings Per Share (EPS) – Post IPO | ₹2.44 |
| Price to Earnings (P/E) – Pre IPO | 23.05 |
| Price to Earnings (P/E) – Post IPO | 29.57 |
📞 Victory Electric Vehicles International Limited – Contact Details
Company Address:
Victory Electric Vehicles International Limited
Plot No. 6, Second Floor,
A-5, Maa Bhagwati Apartment,
Paschim Vihar
Phone: (Not disclosed)
Email: [email protected]
Website: www.victoryevehilceindia.com
📝 Victory Electric Vehicles IPO Registrar
Registrar Name:
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: [email protected]
Website: https://maashitla.com/allotment-status/public-issues
🧾 Victory Electric Vehicles IPO Lead Manager
Lead Manager:
Corpwis Advisors Private Limited
Victory Electric Vehicles IPO – Frequently Asked Questions (FAQs)
What is Victory Electric Vehicles IPO?
Victory Electric Vehicles IPO is a fixed-price issue aiming to raise ₹40.66 crore by issuing 56.47 lakh fresh equity shares. The IPO will be listed on the NSE SME platform.
When does the Victory Electric Vehicles IPO open and close?
The IPO opens on Tuesday, May 20, 2025, and closes on Friday, May 23, 2025.
What is the issue price and lot size for the IPO?
The fixed issue price is ₹72 per share. The minimum application lot size is 1,600 shares.
How much investment is required for retail and HNI investors?
Retail investors need a minimum investment of ₹1,15,200 (1 lot of 1,600 shares). High Net-worth Individuals (HNI) must invest a minimum of 2 lots (3,200 shares), amounting to ₹2,30,400.
When will the allotment and listing happen?
The allotment status will be finalized on Tuesday, May 27, 2025. The tentative listing date is Wednesday, May 28, 2025, on NSE SME.