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Victory Electric Vehicles International IPO
1.00xsubscribed

Victory Electric Vehicles International IPO

listed
₹2.46LMin. investment

Victory Electric Vehicles International Limited IPO Details

Price range₹41.00 – ₹41.00
IPO type
SME
Lot size3000 shares
Issue size₹35Cr
Draft Red Herring Prospectus
Read
Market cap
₹98.77CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹50.86CrLower than sector avg
Growth rate3Y CAGR
-1.02%

Victory Electric Vehicles International IPO Subscription Status

Date
QIB
NII
Retail
Total
07-Jan-26
0.0 times (X)
0.18 times (X)
0.39 times (X)
0.28 times (X)
08-Jan-26
0.0X
0.19X
0.65X
0.42X
09-Jan-26
0.0X
0.38X
0.98X
1.0X

As on 07-Jan-26, 5:30 PM

Victory Electric Vehicles International IPO Timeline

  1. Pre-apply
    5 Jan 2026
  2. Bid start
    7 Jan 2026
  3. Bid end
    9 Jan 2026
  4. Allotment
    12 Jan 2026
  5. Release of funds
    13 Jan 2026
  6. Demat transfer
    13 Jan 2026
  7. Listing
    14 Jan 2026

About Victory Electric Vehicles International Limited

Victory Electric Vehicles International manufactures electric vehicles including e-rickshaws, e-cargo/loader 3-wheelers, and electric scooters. Additionally, the company offers specially made electric 3-wheelers for a variety of applications, such as ice cream distribution and food vending. L3 electric vehicles, L5 electric vehicles, and electric scooters are among its primary offerings. As of September 2025, 3-wheelers made up 23.53% of revenue, two-wheelers 12.48%, and spare parts 8.11%. The company has geographical reach in 12 states with dealership in all 12 states. The domestic sales are led by Uttar Pradesh, Haryana, and Madhya Pradesh. Moreover, the capacity utilisation of the company stood at 68.91% in E-rickshaw(L3 Series), 29.41% in E-rickshaw (L5 Series), and 57.69% in the case of the two-wheeler segment.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Objectives of Victory Electric Vehicles International Limited IPO

Working capital
51.43%
The company will utilise ₹18 crore towards funding working capital requirements.
General corporate purposes
19.37%
The company will utilise ₹6.78 crore towards general corporate purposes.
Issue Expenses
14.91%
Part of the IPO proceeds will be used towards issue expenses.
Capital expenditure
14.29%
The company will utilise ₹5 crore towards capital expenditure.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹50.86Cr-1.02%₹5.17Cr₹98.77Cr12.420.62
This sector (avg.)₹49,413.71Cr---₹4,506.28Cr₹1,99,952.49Cr52.180.59
₹1,52,913Cr---₹14,500.2Cr₹4,58,996.3Cr30.740
₹1,58,768.36Cr---₹14,073.17Cr₹4,11,978.3Cr27.071.67
₹89.64Cr---₹7.7Cr₹719.24Cr83.540.02

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

Victory Electric Vehicles International IPO Contact Details

Company NameVictory Electric Vehicles International Limited

How to apply for Victory Electric Vehicles International IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Victory Electric Vehicles International Limited IPO FAQs