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Current IST: --
7 Jan
Open Date Open
9 Jan
Close Date Close
12 Jan
Allotment Date Allotment
14 Jan
Listing Date Listing


IPO is an SME IPO with and . The company will raise upto for from the IPO. The IPO issue size is , fresh issue: and offer for sale: .
is the lead manager and is the registrar of IPO.

The IPO will open for subscription on and close on . The basis of allotment will be decided on and IPO shares will be listed on at .

Price band for IPO is , minimum and maximum amount required for retail investor is ( shares, lots), minimum amount required for sHni investor is ( shares, lots) and maximum amount for which shni investor can apply for is ( shares, lots). Minimum amount required for bHni investor is ( shares, lots).

IPO Details, Price, Market Lot

IPO Details
IPO Open Date
IPO Close Date
IPO Issue Size
Issue (Sale Type)
Fresh Issue
Offer for Sale
Offered to Public
Reserved for Market Maker
Market Maker
Share Holding (Pre Issue)
Share Holding (Post Issue)
Listing At
IPO Reservation
Total shares offered by IPO is . Out of which is reserved for retail, is reserved for HNI (NII), is reserved for QIB, and is reserved for market maker .
Retail Quota
NII Quota
QIB Quota
Market Maker Quota
Total
IPO Price
has set a price band of , lot size is of and face value is .
Face Value
Price Band
Lot Size
IPO Issue Type
IPO Time Table
IPO will open for subscription on and close on . Basis of Allotment will be decided on , initiation of refund will begin on and IPO will be listed on at .
IPO Open Date
IPO Close Date
Basis of Allotment Date
Initiation of Refunds
Credit of Share to Demat Account
IPO Listing Date
IPO Cut-off time (UPI mandate confirmation)
Company Promotor & Promotor's Holding
Pre Issue Promotor Holding
Post Issue Promotor Holding
IPO Registrar
IPO Lead Manager
is the book running lead manager, is the registrar and the market maker of the IPO
IPO Financial Indicator (valuations)
Market Capitalization
Debt/Equity
ROE
ROCE
RONW
P/BV
PAT Margin
EBITDA
IPO P/E ratio and EPS
EPS (Pre IPO)
EPS (Post IPO)
P/E ratio (Pre IPO)
P/E ratio (Post IPO)

IPO Lot Size and Required Amount

has set a price band of and lot size is of . Retail investors can bid for a minimum and maximum of lots ( shares), requiring an investment of . Small HNI (sHNI) investors can bid for a minimum of lots ( shares), requiring an investment of . Calculated at the cut-off price (the upper end of the price band).

Number of Shares Per Lot =
Application Lot(s) Shares Amount
Retail (Minimum)
Retail (Maximum)
S-HNI (Minimum)
S-HNI (Maximum)
B-HNI (Minimum)
Number of Shares Per Lot =
Application Lot(s) Shares Amount
Retail (Min)
Retail (Max)
S-HNI (Min)
S-HNI (Max)
B-HNI (Min)

Financials

Victory Electric Vehicles International SME Financials
Annual Performance (31 Mar 25 vs 31 Mar 24)
Victory Electric Vehicles International SME's Assets increased by 42.6%, Revenue increased by 4.7%, Profit After Tax increased by 5.7%, EBITDA increased by 11.4%, Net Worth increased by 53.3%, Total Borrowing increased by 75.3%, Reserves & Surplus dropped by 0.7% compared to the previous financial year.
Assets
▲ 42.6% (9.35)
Revenue
▲ 4.7% (2.3)
Profit After Tax
▲ 5.7% (0.28)
EBITDA
▲ 11.4% (0.8)
Net Worth
▲ 53.3% (5.17)
Total Borrowing
▲ 75.3% (3.99)
Reserves & Surplus
▼ 0.7% (-0.05)

Previous Financial Year Growth (31 Mar 24 vs 31 Mar 23)
Comparing 31 Mar 24 with 31 Mar 23, Assets increased by 14.4%, Revenue dropped by 6.5%, Profit After Tax increased by 519%, EBITDA increased by 288.3%, Net Worth increased by 128.8%, Total Borrowing increased by 82.8%, Reserves & Surplus increased by 222.3%.
Assets (Prev Yr)
▲ 14.4% (2.77)
Revenue (Prev Yr)
▼ 6.5% (-3.38)
Profit After Tax (Prev Yr)
▲ 519% (4.1)
EBITDA (Prev Yr)
▲ 288.3% (5.19)
Net Worth (Prev Yr)
▲ 128.8% (5.46)
Total Borrowing (Prev Yr)
▲ 82.8% (2.4)
Reserves & Surplus (Prev Yr)
▲ 222.3% (4.89)

2-Year Performance Change (31 Mar 23 To 31 Mar 25)
Between 31 Mar 25 and 31 Mar 23, Assets increased by 63.2%, Revenue dropped by 2.1%, Profit After Tax increased by 554.4%, EBITDA increased by 332.8%, Net Worth increased by 250.7%, Total Borrowing increased by 220.3%, Reserves & Surplus increased by 220%.
Assets (2-Yr Change)
▲ 63.2% (12.12)
Revenue (2-Yr Change)
▼ 2.1% (-1.08)
Profit After Tax (2-Yr Change)
▲ 554.4% (4.38)
EBITDA (2-Yr Change)
▲ 332.8% (5.99)
Net Worth (2-Yr Change)
▲ 250.7% (10.63)
Total Borrowing (2-Yr Change)
▲ 220.3% (6.39)
Reserves & Surplus (2-Yr Change)
▲ 220% (4.84)
  30 Sep 25 ₹ in crore 31 Mar 25 ₹ in crore 31 Mar 24 ₹ in crore 31 Mar 23 ₹ in crore
Assets 33.19 31.29 21.94 19.17
Revenue 16.9 51.06 48.76 52.14
Profit After Tax 1.62 5.17 4.89 0.79
EBITDA 2.6 7.79 6.99 1.8
Net Worth 16.5 14.87 9.7 4.24
Total Borrowing 4.85 9.29 5.3 2.9
Reserves & Surplus 8.67 7.04 7.09 2.2

IPO Listed Peers Comparison

Company NameP/E ratioEPS (Basic)EPS (Diluted)NAV (per share)RoNW (%)P/BV
Tunwal E-motors Ltd15.32(Tunwal)2.32(Tunwal)(Tunwal)20.09(Tunwal)19.26(Tunwal)(Tunwal)
Wardwizard Innovations & Mobility Ltd32.58(Wardwizard)0.26(Wardwizard)(Wardwizard)4.08(Wardwizard)6.50(Wardwizard)(Wardwizard)
Victory Electric Vehicles International Ltd12.42(Victory)2.08(Victory)(Victory)10.54(Victory)10.35(Victory)(Victory)

IPO Subscription Status Today (Live)

Currently there is no any subscription data available for IPO. IPO subscription Status data will be available on because IPO will open for subscription on and close on .

Contact & Address
Victory Electric Vehicles International Ltd

Plot no 6, Second Floor, A-5, Maa Bhagwati Apartment, Paschim Vihar, West Delhi, New Delhi, 110063
Phone: 9643108966
Email: compliance@victoryevindia.com
Website: https://www.victoryevehilceindia.com/

IPO Prospectus & Documents
IPO Prospectus

Victory Electric Vehicles International IPO FAQs

Victory Electric Vehicles International IPO is an SME IPO. The company will raise upto ₹35 crore for 84,30,000 shares. Face value is ₹5 per share, Price band is ₹41 per share, and cutt off price is ₹41 per share. The IPO opens on 7 January 2026 and closes on 9 January 2026. Maashitla Securities Pvt Ltd is the registrar and shares of Victory Electric Vehicles International IPO will be listed at NSE SME.

The issue size of IPO is 84,30,000 shares (aggregating up to ₹35 crore). For fresh issue: 84,30,000 shares (aggregating up to ₹35 crore) and for offer for sale: NIL.

Price band for IPO is ₹41 per share.

The lot size of Victory Electric Vehicles International IPO is of 3000. Minimum order quantity for retail investor is 6,000 shares (2 lots) and required amount is ₹2,46,000. Minimum order quantity for sHNI is 9,000 shares ( lots) and required amount is ₹3,69,000. Minimum order quantity for bHNI investor is - shares ( lots) and required amount is ₹.

The investors portion reserved for QIB is -, reserved for HNI is 40,02,000 shares (47.47%) and 40,05,000 shares (47.51%) reserved for retail investors.

The IPO will be available for subscription from 7 January 2026 to 9 January 2026. IPO open date is 7 January 2026 and close date is 9 January 2026.

Allotment date for IPO is 12 January 2026. On the allotment date, after the IPO allotment status is announced, investors can check their IPO application allotment status on their respective IPO registrar.

The registrar for IPO is Maashitla Securities Pvt Ltd.

The IPO will be listed on 14 January 2026 at NSE SME.