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.
As of June 30, 2024, the company had 110 permanent employees.
Victory Electric Vehicles IPO – Details
| IPO Opening Date | 20 May 2025 |
| IPO Closing Date | 23 May 2025 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | Total Issue Size: 56,47,000 Shares Worth ₹40.66 Crore Fresh Issue: 56,47,000 Shares Worth ₹40.66 Crore |
| Face Value | ₹5 per equity share |
| IPO Price | ₹72 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Maashitla Securities Private Limited |
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Victory Electric Vehicles IPO – Date Schedule
| IPO Open Date | 20 May 2025 |
| IPO Close Date | 23 May 2025 |
| Basis of Allotment | 26 May 2025 |
| Initiation of Refund | 27 May 2025 |
| Credit of Shares to Demat Account | 27 May 2025 |
| IPO Listing Date | 28 May 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 23, 2025 |
Victory Electric Vehicles IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,15,200 |
| Retail (Max) | 1 | 1600 | ₹1,15,200 |
| HNI (Min) | 2 | 3200 | ₹2,30,400 |
Competitive Strengths
- Experienced management with industry expertise.
- Customer goal customised strategies.
- Optimum use of technological infrastructure.
- Strong customer relationship.
Company Promoters
- Sanjay Kumar Popli
- Seema and Palak Poply
Company Financials
| Particulars | Total Revenue | Total Expenses | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 48.13 | 47.22 | 0.64 | 7.80 |
| 31 March 2023 | 52.13 | 51.04 | 0.78 | 6.21 |
| 31 March 2024 | 48.76 | 42.18 | 4.89 | 5.30 |
| 31 December 2024 | 39.67 | 34.40 | 3.89 | 9.12 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 70.19% |
| ROCE | 44.78% |
| Debt/Equity | 0.55 |
| RoNW | 70.19% |
| PAT Margin | 10.10 |
| Price to Book Value | 1.94 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 3.12 | 2.44 |
| P/E (x) | 23.05 | 29.57 |
Object Of The Issue
- Capital Expenditure.
- Working Capital Requirement.
- General Corporate Purpose.
Victory Electric Vehicles IPO Promoter Holding
| Pre Issue Share Holding | 97.41% |
| Post Issue Share Holding | 71.60% |
Victory Electric Vehicles IPO Prospectus
- Victory Electric Vehicles IPO DRHP
- Victory Electric Vehicles IPO RHP
Company Contact Information
| Victory Electric Vehicles International Limited Plot no 6, Second Floor A-5, Maa Bhagwati Apartment Paschim Vihar Phone: +91 9643108966 Email: compliance@victoryevindia.com Website: http://www.victoryevehilceindia.com/ |
Victory Electric Vehicles 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 Lead Manager(s)
| 1. Corpwis Advisors Private Limited |
Victory Electric Vehicles IPO FAQs
| What is Victory Electric Vehicles IPO? Victory Electric Vehicles IPO is an SME IPO. The issue is priced at ₹72 per equity share. The IPO is to be listed on NSE SME. |
| When Victory Electric Vehicles IPO will open? The IPO is to open on 20 May 2025 for NII and Retail Investors. |
| What is Victory Electric Vehicles IPO Investors Portion? The investors’ portion for NII – 50%, and Retail – 50%. |
| How to Apply the Victory Electric Vehicles IPO? You can apply 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. |
| How to Apply the Victory Electric Vehicles IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Victory Electric Vehicles IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Victory Electric Vehicles IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Victory Electric Vehicles IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Victory Electric Vehicles IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Victory Electric Vehicles IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Victory Electric Vehicles IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Victory Electric Vehicles IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Victory Electric Vehicles IPO Size? Victory Electric Vehicles IPO size is ₹40.66 Crore. |
| What is the Victory Electric Vehicles IPO Price Band? Victory Electric Vehicles IPO Price Band is ₹72. |
| What is Victory Electric Vehicles IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 1600 Shares with ₹1,15,200 amount while the maximum bid is 1600 Shares with ₹1,15,200. |
| What is the Victory Electric Vehicles IPO Allotment Date? Victory Electric Vehicles IPO allotment date is 26 May 2025. |
| What is the Victory Electric Vehicles IPO Listing Date? Victory Electric Vehicles IPO listing date is 28 May 2025. The IPO is to be listed on NSE SME. |
