Victory Electric Vehicles IPO Date, Review, Price, Allotment Details
Victory Electric Vehicles’ IPO will open on January 7, 2026, and close on January 9, 2026. It is a Fixed Price Issue through which the company aims to raise approximately ₹35 crores, consisting of a fresh issue of ₹35 crores and an offer for sale of up to [.] equity shares with a face value of ₹5 each.
The IPO is priced at ₹41 per share. The allocation is divided equally between retail investors (50%) and High Net-worth Individuals (HNIs) (50%), with no portion reserved for Qualified Institutional Buyers (QIBs). Victory Electric Vehicles IPO is scheduled to list on the NSE on January 14, 2026, with allotment expected on January 12, 2026.
The company reported revenue of ₹51.06 crores in 2025, up from ₹48.76 crores in 2024. Profit also increased to ₹5.17 crores in 2025 from ₹4.89 crores in 2024. Based on these financials, IPO investors may consider this a long-term investment opportunity.
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 DRHP Draft Prospectus: 
RHP Draft Prospectus:
Victory Electric Vehicles IPO Market Lot
The minimum market lot for the Victory Electric Vehicles IPO is 6,000 shares, requiring an application amount of ₹2,46,000.
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 – – ₹-
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 Dates
The Victory Electric Vehicles IPO opens on January 7 and closes on January 9. The allotment will be finalized on January 12, with the IPO scheduled to list on January 14.
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
Promoters of Victory Electric Vehicles IPO
The promoters of Victory Electric Vehicles are Sanjay Kumar Popli, Seema Popli, and Palak Popli.
Particular Shares % Share Promoter Holding Pre-Issue 1,56,60,000 97.41% Promoter Holding Post Issue 2,40,90,000 63.33%
Objects of the Issue & Utilisation of Proceeds
Purpose Crores Capital Expenditure ₹5.00 Working Capital Requirement ₹18.00 General Corporate Purposes ₹6.78
About Victory Electric Vehicles IPO
Victory Electric Vehicles International Limited, incorporated in October 2018, is engaged in the design, production, and distribution of electric vehicles. The company offers a diverse range of products, including E-rickshaws, E-Cargo/Loader E-rickshaws, and electric scooters. Its portfolio also includes customized E-three wheelers designed for specific purposes, such as food vending and ice cream sales.
The company focuses on providing eco-friendly and sustainable transportation solutions through its wide range of electric two-wheelers, three-wheelers, and commercial vehicles. Victory Electric Vehicles aims to support the global transition to green energy by promoting the adoption of electric transportation. In terms of financial performance, the company reported revenue of ₹39.68 crores in 2024, with a profit after tax (PAT) of ₹3.89 crores.
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