Comparison between Ace Alpha Tech IPO and Victory Electric Vehicles IPO.
Ace Alpha Tech 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.
| Ace Alpha Tech IPO | Victory Electric Vehicles IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Narnolia Financial Services Ltd. | Corpwis Advisors Pvt.Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Maashitla Securities Pvt.Ltd. |
| Market Maker | SS Corporate Securities Ltd. | Alacrity Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL |
The total issue size of Ace Alpha Tech IPO is up to ₹30.40 Cr whereas the issue size of the Victory Electric Vehicles IPO is up to ₹40.66 Cr. The final issue price of Ace Alpha Tech IPO is ₹69.00 per share and of Victory Electric Vehicles IPO is ₹72.00 per share.
| Ace Alpha Tech IPO | Victory Electric Vehicles IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹5 per share |
| Issue Price (Lower) | ₹65.00 per share | |
| Issue Price (Upper) | ₹69.00 per share | |
| Issue Price (Final) | ₹69.00 per share | ₹72.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 1600 shares |
| Fresh Issue Size | 32,84,000 shares | 56,47,000 shares |
| Fresh Issue Size (Amount) | up to ₹22.66 Cr | up to ₹40.66 Cr |
| OFS Issue Size | 11,22,000 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹7.74 Cr | up to ₹0.00 Cr |
| Issue Size Total | 44,06,000 shares | 56,47,000 shares |
| Issue Size Total (Amount) | up to ₹30.40 Cr | up to ₹40.66 Cr |
Ace Alpha Tech IPO opens on Jun 26, 2025, while Victory Electric Vehicles IPO opens on . The closing date of Ace Alpha Tech IPO and Victory Electric Vehicles IPO is Jun 30, 2025, and , respectively.
| Ace Alpha Tech IPO | Victory Electric Vehicles IPO | |
|---|---|---|
| Anchor Bid Date | Jun 25, 2025 | |
| Issue Open | Jun 26, 2025 | |
| Issue Close | Jun 30, 2025 | |
| Basis Of Allotment (Tentative) | Jul 01, 2025 | |
| Initiation of Refunds (Tentative) | Jul 02, 2025 | |
| Credit of Share (Tentative) | Jul 02, 2025 | |
| Listing date (Tentative) | Jul 03, 2025 | |
| Anchor Lockin End date 1 | Jul 31, 2025 | |
| Anchor Lockin End date 2 | Sep 29, 2025 |
Ace Alpha Tech IPO P/E ratio is 9.07, as compared to Victory Electric Vehicles IPO P/E ratio of 23.05.
| Ace Alpha Tech IPO | Victory Electric Vehicles IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Ace Alpha Tech Limited Financial Information (Restated)
| Victory Electric Vehicles International Limited Financial Information (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 55.80 | 97.41 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 43.90 | 71.60 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 9.07 | 23.05 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹121.15 Cr. | ₹153.41 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 0.82 | 70.19% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 109.31% | 44.78% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.55 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹7.60 | ₹3.12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 47.91% | 70.19% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Ace Alpha Tech IPO Retail Individual Investors (RII) are offered 15,44,000 shares while in Victory Electric Vehicles IPO retail investors are offered 15,44,000 shares. Qualified Institutional Buyers (QIB) are offered 8,80,000 shares in Ace Alpha Tech IPO and in Victory Electric Vehicles IPO.
| Ace Alpha Tech IPO | Victory Electric Vehicles IPO | |
|---|---|---|
| Anchor Investor Reserveration | 13,20,000 shares | |
| Market Maker Reserveration | 2,64,000 shares | 2,83,800 shares |
| QIB | 8,80,000 shares | |
| NII | 6,62,000 shares | |
| RII | 15,44,000 shares | |
| Employee | ||
| Others | ||
| Total | 44,06,000 shares |
Ace Alpha Tech IPO subscribed 101.75x in total, whereas Victory Electric Vehicles IPO subscribed .
| Ace Alpha Tech IPO | Victory Electric Vehicles IPO | |
|---|---|---|
| QIB (times) | 67.06x | |
| NII (times) | 170.79x | |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 91.92x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 101.75x |
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