Victory Electric Vehicles International IPO

Incorporated in October 2018, Victory Electric Vehicles International Limited is engaged in designing, manufacturing, and distributing electric vehicles. It offers a diverse portfolio of eco-friendly mobility solutions, including electric two-wheelers, three-wheelers, and commercial vehicles. The company’s offerings span E-rickshaws, E-Cargo/Loader E-rickshaws, and scooters, with customised options like Food and Ice Cream Three Wheelers. Integrating advanced technologies such as lithium-ion batteries and smart connectivity, it serves both domestic and international markets. With 110 permanent employees as of June 30, 2024, the company supports global green energy initiatives.

Victory Electric Vehicles International Limited IPO Overview

Victory Electric Vehicles IPO is a fixed-price issue amounting to ₹40.66 crores, comprising a fresh issue of 56.47 lakh equity shares. The IPO opens for subscription on May 20, 2025, and closes on May 23, 2025. The allotment is expected to be finalised on May 27, 2025, with the shares tentatively listing on the NSE SME platform on May 28, 2025. Priced at ₹72 per share, the minimum application lot is 1,600 shares, requiring a retail investment of ₹1,15,200. For HNIs, the minimum investment is ₹2,30,400 for two lots. Corpwis Advisors Private Limited is the book-running lead manager, Maashitla Securities Private Limited is the registrar, and Alacrity Securities Ltd. is the market maker for the IPO.

Victory Electric Vehicles International Limited IPO Details

Victory Electric Vehicles International Limited IPO Reservation

Victory Electric Vehicles International Limited IPO Lot Size

Victory Electric Vehicles International Limited IPO Promoter Holding

Victory Electric Vehicles International Limited IPO Valuation Overview

Objectives of the Proceeds

• Funding of capital expenditure, ₹500 lakhs

• Funding the working capital requirement of the company, ₹2200 lakhs

• Meet general corporate expenses

Key Financials (in ₹ lakhs)