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 |
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| Market Maker | |
| Share Holding (Pre Issue) | |
| Share Holding (Post Issue) | |
| Listing At | |
IPO Reservation |
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| 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 . | |
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| QIB Quota | |
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IPO Price |
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| has set a price band of , lot size is of and face value is . | |
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IPO Time Table |
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| 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 |
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| Pre Issue Promotor Holding | |
| Post Issue Promotor Holding | |
IPO Registrar |
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IPO Lead Manager |
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| is the book running lead manager, is the registrar and the market maker of the IPO | |
IPO Financial Indicator (valuations) |
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IPO P/E ratio and EPS |
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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 |
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| Retail (Max) | |||
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| S-HNI (Max) | |||
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Financials
| 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 Name | P/E ratio | EPS (Basic) | EPS (Diluted) | NAV (per share) | RoNW (%) | P/BV |
|---|---|---|---|---|---|---|
| Tunwal E-motors Ltd | 15.32(Tunwal) | 2.32(Tunwal) | (Tunwal) | 20.09(Tunwal) | 19.26(Tunwal) | (Tunwal) |
| Wardwizard Innovations & Mobility Ltd | 32.58(Wardwizard) | 0.26(Wardwizard) | (Wardwizard) | 4.08(Wardwizard) | 6.50(Wardwizard) | (Wardwizard) |
| Victory Electric Vehicles International Ltd | 12.42(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 |
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| 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.