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Icon Facilitators IPO vs Victory Electric Vehicles IPO

Comparison between Icon Facilitators IPO and Victory Electric Vehicles IPO.

IPO Details

Icon Facilitators IPO is a SME Fixed Price IPO proposed to list at BSE SME while Victory Electric Vehicles IPO is a SME Fixed Price proposed to list at NSE SME.

 Icon Facilitators IPOVictory Electric Vehicles IPO
LogoIcon Facilitators IPO LogoVictory Electric Vehicles IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMENSE SME
Lead ManagersKhambatta Securities Ltd.Corpwis Advisors Pvt.Ltd.
RegistrarMaashitla Securities Pvt.Ltd.Maashitla Securities Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.Alacrity Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL

Issue Size and Price

The total issue size of Icon Facilitators IPO is up to ₹18.15 Cr whereas the issue size of the Victory Electric Vehicles IPO is up to ₹40.66 Cr. The final issue price of Icon Facilitators IPO is ₹91.00 per share and of Victory Electric Vehicles IPO is ₹72.00 per share.

 Icon Facilitators IPOVictory Electric Vehicles IPO
Face Value₹10 per share₹5 per share
Issue Price (Lower)₹85.00 per share
Issue Price (Upper)₹91.00 per share
Issue Price (Final)₹91.00 per share₹72.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1200 shares1600 shares
Fresh Issue Size19,94,400 shares56,47,000 shares
Fresh Issue Size (Amount)up to ₹18.15 Crup to ₹40.66 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total19,94,400 shares56,47,000 shares
Issue Size Total (Amount)up to ₹18.15 Crup to ₹40.66 Cr

IPO Timetable

Icon Facilitators IPO opens on Jun 24, 2025, while Victory Electric Vehicles IPO opens on . The closing date of Icon Facilitators IPO and Victory Electric Vehicles IPO is Jun 26, 2025, and , respectively.

 Icon Facilitators IPOVictory Electric Vehicles IPO
Anchor Bid Date
Issue OpenJun 24, 2025
Issue CloseJun 26, 2025
Basis Of Allotment (Tentative)Jun 27, 2025
Initiation of Refunds (Tentative)Jun 30, 2025
Credit of Share (Tentative)Jun 30, 2025
Listing date (Tentative)Jul 01, 2025
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Icon Facilitators IPO P/E ratio is 11.72, as compared to Victory Electric Vehicles IPO P/E ratio of 23.05.

 Icon Facilitators IPOVictory Electric Vehicles IPO
Financials

Icon Facilitators Limited Financial Information (Restated)

Icon Facilitators Limited's revenue increased by 16% and profit after tax (PAT) rose by 154% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets23.9517.6614.93
Total Income58.0749.8542.96
Profit After Tax4.471.761.92
EBITDA6.552.893.12
Net Worth12.695.954.19
Reserves and Surplus6.935.944.18
Total Borrowing0.000.000.00
Amount in ₹ Crore

Victory Electric Vehicles International Limited Financial Information (Restated)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets37.5521.9419.1720.82
Total Income39.6848.7652.1448.14
Profit After Tax3.894.890.790.65
Net Worth13.599.704.242.78
Reserves and Surplus5.767.092.201.41
Total Borrowing9.125.306.217.80
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)95.6597.41
Promoter Shareholding (Post-Issue)70.0971.60
P/E Ratio11.7223.05
Market Cap₹71.52 Cr.₹153.41 Cr.
ROE35.23%70.19%
ROCE37.09%44.78%
Debt/Equity0.350.55
EPS₹7.76₹3.12
RoNW35.23%70.19%

Shares Offered

In the Icon Facilitators IPO Retail Individual Investors (RII) are offered 9,46,800 shares while in Victory Electric Vehicles IPO retail investors are offered 9,46,800 shares. Qualified Institutional Buyers (QIB) are offered in Icon Facilitators IPO and in Victory Electric Vehicles IPO.

 Icon Facilitators IPOVictory Electric Vehicles IPO
Anchor Investor Reserveration
Market Maker Reserveration1,05,600 shares2,83,800 shares
QIB
NII9,46,800 shares
RII9,46,800 shares
Employee
Others
Total19,94,400 shares

Bids Received (Subscription)

Icon Facilitators IPO subscribed 2.49x in total, whereas Victory Electric Vehicles IPO subscribed .

 Icon Facilitators IPOVictory Electric Vehicles IPO
QIB (times)2.18x
NII (times)0.92x
Big NII (times)
Small NII (times)
RII (times)4.10x
Employee (times)
Other (times)
Total (times)2.49x