SME
IPO ·
NSE SME
Victory Electric Vehicles International Ltd
Listed
Incorporated in October 2018, Victory Electric Vehicles International Limited designs, manufactures, and distributes electric vehicles.
Issue details
Price band
₹41
Face value
₹5
Lot size
3,000 shares
Minimum investment
₹2,46,000
Issue size
₹34.56 Cr
Fresh issue
₹32.83 Cr
Offer for sale
—
Issue type
Fixed Price
Exchange
NSE SME
Key dates
Opens
7 Jan 2026
Closes
9 Jan 2026
UPI mandate cut-off
5:00 PM on 9 Jan 2026
Allotment
12 Jan 2026
Refunds
13 Jan 2026
Shares in demat
13 Jan 2026
Listing
14 Jan 2026
Subscription and listing
Subscription
1.00x
Listing price
₹34.45
Registrar
Maashitla Securities Pvt Ltd
Lead manager
Corpwis Advisors Pvt.ltd.
Subscription by category
Total
1.00x
Total applications
710
Listing day
Issue price
₹41
Open
₹34.45
High
₹34.45
Low
₹32.75
Day close
₹32.75
Listing gain at open
-15.98%
Issue structure
Shares reserved per category and share of the total issue
NII Shares Offered
40,02,000
47.47%
Retail Shares Offered
40,05,000
47.51%
Market Maker Shares Offered
4,23,000
5.02%
Total Shares Offered
84,30,000
100.00%
Finaccle’s quick read
Neutral
FY25 income up 5%, PAT up 6%, ROE 42.10%, D/E 0.62, post-issue P/E 30.41x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
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.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
42.10%
ROCE
31.27%
Debt / equity
0.62
PAT margin
10.17%
P/E post issue
30.41
Market cap
₹98.77 Cr
Use of IPO money
Capital Expenditure
₹5.00 Cr
Working Capital Requirement
₹18.00 Cr
General Corporate Purposes
₹6.78 Cr
Issue expenses
₹4.76 Cr
Strengths
✓
PAT margin of 10.17%
✓
ROE of 42.10% and ROCE of 31.27%
✓
Moderate leverage: debt to equity 0.62
Risks to watch
!
Rich valuation: post-issue P/E of 30.41x
!
SME platform: large lot size and thinner trading liquidity
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.