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Victory Electric Vehicles International Ltd. IPO is a Fixed Price Issue
The equity shares are proposed to be listed on the NSE SME. Corpwis Advisors Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Victory Electric Vehicles IPO RHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Issue Price Band | |
| Issue Price Final | ₹72 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Reserved for Market Maker | 2,83,800 shares Alacrity Securities Ltd. (aggregating up to ₹2.04 Cr) |
| Net Offered to Public | 56,47,000 shares (aggregating up to ₹40.66 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,56,60,000 shares |
| Share Holding Post Issue | 2,13,07,000 shares |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| NII Shares Offered | 50% of the Net Issue |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Fri, Nov 29, 2024 |
| SEBI/Exchange approval received | Wed, May 14, 2025 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,15,200 |
| Retail (Max) | 1 | 1,600 | ₹1,15,200 |
| HNI (Min) | 2 | 3,200 | ₹2,30,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in October 2018, Victory Electric Vehicles International Limited designs, manufactures, and distributes electric vehicles.
The company provides sustainable and eco-friendly mobility solutions by offering a wide range of electric two-wheelers, three-wheelers, and commercial vehicles. Victory Electric Vehicles International Limited aims to contribute to the global shift towards green energy by promoting the adoption of electric transportation.
The company offers products ranging from E-rickshaws, E-Cargo/Loader E-rickshaws, Scooters, etc.
The portfolio extends beyond conventional offerings to include customized E-Three Wheelers, catering to specific needs such as Food Three Wheelers and Ice Cream Three Wheelers etc.
The company integrates advanced technologies into its vehicles, such as lithium-ion battery systems, efficient electric drivetrains, and smart connectivity features.
It caters to both domestic and international markets, striving to offer reliable performance, cost-effective ownership, and minimal environmental impact.
Victory Electric Vehicles International Limited envisions a cleaner and greener future, aligning its mission with global efforts to reduce carbon emissions and dependence on fossil fuels.
As of June 30, 2024, the company had 110 permanent employees.
Competitive Strength:
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 37.55 | 21.94 | 19.17 | 20.82 |
| Total Income | 39.68 | 48.76 | 52.14 | 48.14 |
| Profit After Tax | 3.89 | 4.89 | 0.79 | 0.65 |
| Net Worth | 13.59 | 9.70 | 4.24 | 2.78 |
| Reserves and Surplus | 5.76 | 7.09 | 2.20 | 1.41 |
| Total Borrowing | 9.12 | 5.30 | 6.21 | 7.80 |
| Amount in ₹ Crore | ||||
The market capitalization of Victory Electric Vehicles IPO is ₹153.41 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 70.19% |
| ROCE | 44.78% |
| Debt/Equity | 0.55 |
| RoNW | 70.19% |
| PAT Margin | 10.10% |
| Price to Book Value | 1.94 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 3.12 | 2.44 |
| P/E (x) | 23.05 | 29.57 |
The Company Victory Electric Vehicles IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Capital Expenditure | 50.00 |
| 2 | Working Capital Requirement | 220.00 |
| 3 | General Corporate Purposes | 75.43 |
Victory Electric Vehicles International Ltd.
Plot no 6, Second Floor
A-5, Maa Bhagwati Apartment
Paschim Vihar
West Delhi, New Delhi, 110063
Email: compliance@victoryevindia.com
Website: http://www.victoryevehilceindia.com/
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: ipo@mashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Victory Electric Vehicles IPO is a SME IPO of 0 equity shares of the face value of ₹5 aggregating up to ₹[.] Crores. The issue is priced at ₹72 per share. The minimum order quantity is 1600.
The Victory Electric Vehicles IPO open and close dates are not available as of now.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Victory Electric Vehicles IPO using UPI as a payment gateway. Zerodha customers can apply in Victory Electric Vehicles IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Victory Electric Vehicles IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Victory Electric Vehicles IPO dates are not announced. Please check back again after some time.
Victory Electric Vehicles IPO lot size is 1600, and the minimum amount required for application is ₹1,15,200.
You can apply in Victory Electric Vehicles IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Victory Electric Vehicles IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Victory Electric Vehicles IPO allotment status.
The Victory Electric Vehicles IPO listing date is not yet announced. The tentative date of Victory Electric Vehicles IPO listing is [.].
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