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Open
7 Jan 2026
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Close
9 Jan 2026
3
Allotment
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Listing
Wed, Jan 14, 2026
Price Band
₹41 per share
Issue Size
84,30,000 shares (agg. up to ₹35 Cr)
Lot Size
3,000 Shares
Listing Date
Wed, Jan 14, 2026
Latest GMP
₹0
Est. Gain
0%
✦ AI Insight
GMP Trend
17-01-2026₹0Est. ₹41+0%
16-01-2026₹0Est. ₹41+0%
15-01-2026₹0Est. ₹41+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.00x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 33.19 | 31.29 | 21.94 | 19.17 |
| Total Income | 16.90 | 51.06 | 48.76 | 52.14 |
| Profit After Tax | 1.62 | 5.17 | 4.89 | 0.79 |
| EBITDA | 2.60 | 7.79 | 6.99 | 1.80 |
| NET Worth | 16.50 | 14.87 | 9.70 | 4.24 |
| Reserves and Surplus | 8.67 | 7.04 | 7.09 | 2.20 |
| Total Borrowing | 4.85 | 9.29 | 5.30 | 2.90 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Zelio E-Mobility Ltd. | SME | ₹78.34 Cr | ₹136 | 14.04 | ₹162.60 | +19.56% | ₹735.45 (+5.00%) |
| Supertech EV Ltd. | SME | ₹29.90 Cr | ₹92 | 13.53 | ₹69.92 | -24.00% | ₹39.75 (+0.76%) |
| Delta Autocorp Ltd. | SME | ₹54.60 Cr | ₹130 | 18.03 | ₹167.25 | +28.65% | ₹34.45 (-0.29%) |
| Ather Energy Ltd. | Mainboard | ₹2,980.76 Cr | ₹321 | null | ₹302.30 | -5.83% | ₹1,267.10 (-2.57%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure | 5.00 |
| 2 | Working Capital Requirement | 18.00 |
| 3 | General Corporate Purposes | 6.78 |
| 4 | Issue expenses | 4.76 |
| Total | 34.54 |
About Victory Electric Vehicles IPO
Incorporated in October 2018, 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 carb
Contact Details
Victory Electric Vehicles International Ltd. AddressPlot no 6, Second FloorA-5, Maa Bhagwati ApartmentPaschim ViharDelhi, New Delhi, 1100639643108966compliance@victoryevindia.comVisit Website