Victory Electric Vehicles IPO is scheduled to open on 2025 and will close on 2025 . This SME IPO comes with a fixed price of ₹72 per share. The company aims to raise around ₹40.66 crore through a fresh issue of ₹40.66 crore. Victory Electric Vehicles IPO will list on NSE SME, and the allotment is expected on .
The company has shown steady financial growth. Revenue for FY 2024 stood at ₹48.76 crore compared to ₹52.14 crore in FY 2023. Profit also improved significantly from ₹0.79 crore in 2023 to ₹4.89 crore in 2024. Based on the performance, long-term investors may consider evaluating this IPO.
Contents
Victory Electric Vehicles IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | 2025 |
| IPO Close Date | 2025 |
| Face Value | ₹5 per equity share |
| IPO Price | ₹72 per share |
| Issue Size | Approx ₹40.66 crore |
| Fresh Issue | Approx ₹40.66 crore |
| Issue Type | Fixed Price Issue |
| Listing | NSE SME |
| Retail Quota | Not more than 50% |
| NII Quota | Not more than 50% |
| DRHP | View Here |
| RHP | View Here |
| Anchor Investors List | View Here |
Victory Electric Vehicles IPO Review
Victory Electric Vehicles operates in a rapidly growing EV segment with a diversified product lineup. The company has shown strong improvement in profitability and maintains healthy margins and return ratios.
While revenues have fluctuated slightly, profitability has strengthened, which may attract long-term investors. However, investors should evaluate risks related to the competitive EV market and MSME listing dynamics before applying.
Victory Electric Vehicles IPO Market Lot
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1600 | ₹1,15,200 |
| Retail Maximum | 1 | 1600 | ₹1,15,200 |
| S-HNI Minimum | 2 | 3200 | ₹2,30,400 |
Victory Electric Vehicles IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | |
| IPO Close Date | |
| Basis of Allotment | |
| Refunds | |
| Credit to Demat | |
| IPO Listing Date |
Also Read: Infraprime Logistics IPO
Promoters of Victory Electric Vehicles
The promoters of the company are Sanjay Kumar Popli, Seema, and Palak Poply.
Objects of the Issue
The IPO proceeds will be used to meet the company’s capital expenditure requirements, strengthen its working capital, and support general corporate purposes aimed at improving operational efficiency and future growth.
About Victory Electric Vehicles
Victory Electric Vehicles International Limited, incorporated in October 2018, is engaged in designing, manufacturing, and distributing electric vehicles. Its portfolio includes e-rickshaws, e-cargo loaders, electric scooters, and customized three-wheelers tailored for purposes like food vending and ice-cream carts.
The company focuses on sustainable mobility solutions, offering electric two-wheelers, three-wheelers, and commercial EVs. For the period ending December 2024, the company recorded revenue of ₹39.68 crore and a PAT of ₹3.89 crore.
Victory Electric Vehicles Company Financial Report
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 2022 | ₹48.14 cr | ₹783.90 cr | ₹0.65 cr | ₹20.82 cr |
| 2023 | ₹52.14 cr | ₹1472.25 cr | ₹0.79 cr | ₹19.17 cr |
| 2024 | ₹48.76 cr | ₹2883.26 cr | ₹4.89 cr | ₹21.94 cr |
| December 2024 | ₹39.68 cr | ₹1423.72 cr | ₹3.89 cr | ₹37.55 cr |
Victory Electric Vehicles IPO Valuation – FY2024
| KPI | Value |
|---|---|
| ROE | 70.19% |
| ROCE | 44.78% |
| EBITDA Margin | 14.44% |
| PAT Margin | 10.10% |
| Debt to Equity Ratio | 0.55 |
| EPS (Basic) | ₹18.95 |
| P/E Ratio | 22.78 |
| RoNW | 70.19% |
| NAV | ₹37.17 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Wardwizard Innovations & Mobility | 0.54 | 37.69 | 14.79% | 3.94 | – |
| Tunwal E-Motors | 2.85 | 10.74 | 82.17% | 4.95 | – |
IPO Lead Manager
Corpwis Advisors Private Limited
Victory Electric Vehicles IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@mashitla.com
Website: maashitla.com/allotment-status/public-issues
Company Address
Victory Electric Vehicles International Limited
Plot No. 6, Second Floor
A-5, Maa Bhagwati Apartment
Paschim Vihar
Email: compliance@victoryevindia.com
Website: victoryevehilceindia.com
Victory Electric Vehicles IPO FAQs
What is Victory Electric Vehicles IPO?
It is a SME IPO where the company plans to raise ₹40.66 crore at a fixed price of ₹72 per share.
When will the IPO open for subscription?
The IPO will open on and close on .
What is the investors’ portion?
QIB: 00%, NII: 50%, Retail: 50%.
How can you apply for this IPO?
Investors can apply through ASBA via their bank or UPI-supported stock brokers. Offline applications through brokers are also available.
What is the IPO issue size?
The issue size is ₹40.66 crore.
What is the price band?
The IPO price is fixed at ₹72 per share.
What is the lot size?
The minimum lot size is 1600 shares requiring an investment of ₹1,15,200.
What is the allotment date?
The allotment will be finalized on .
What is the listing date?
The listing will take place on NSE SME on .
Expert Comment
Victory Electric Vehicles operates in a promising sector where demand for electric mobility continues to rise.
The company’s profitability jump and strong return ratios add confidence, though investors must consider the risks associated with SME listings and competitive pressure in the EV market. Long-term, growth-focused investors may find this IPO worth monitoring closely.
