
Victory Electric Vehicles International
Open Date
07 Jan 2026
Close Date
09 Jan 2026
Min Investment
₹246000
Lot Size
6000 Shares
Issue Size
₹34.56 Cr
Price Range
₹41 - ₹41
Listing Date
Jan 14, 2026
IPO Doc
RHP PDFAbout Victory Electric Vehicles International
Incorporated in October 2018, Victory Electric Vehicles International Limited is engaged in designing, manufacturing, and marketing electric vehicles.The company offers green and sustainable mobility solutions by providing a diversified portfolio of electric two-wheelers, three-wheelers, and commercial vehicles. Victory Electric Vehicles International Limited works towards supporting the world's transition to green energy by encouraging the use of electric transportation.The company provides products from E-rickshaws, E-Cargo/Loader E-rickshaws, Scooters, etc.The portfolio exceeds the traditional models to encompass tailormade E-Three Wheelers, aimed at meeting tailored needs like Food Three Wheelers and Ice Cream Three Wheelers etc.It combines cutting-edge technologies in vehicles, including lithium-ion battery sets, optimized electric drives, and intelligent connectivity functionality.It appeals to both regional and global markets, aiming at delivering dependable performance, affordable cost of ownership, and low emissions.Victory Electric Vehicles International Limited is committed to a greener and cleaner tomorrow, joining the world in its drive to cut carbon emissions and reduce fossil fuel reliance.
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Revenue Growth
Company Valuation
Earning Expansion
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Victory Electric Vehicles International IPO - Issue Objectives
The company will utilise ₹5 crore towards capital expenditure. The company will utilise ₹18 crore towards funding working capital requirements. The company will utilise ₹6.78 crore towards general corporate purposes. Part of the IPO proceeds will be used towards issue expenses.
Capital expenditure
14.29%
Working capital
51.43%
General corporate purposes
19.37%
Issue Expenses
14.91%
Capital expenditure
The company will utilise ₹5 crore towards capital expenditure.
Working capital
The company will utilise ₹18 crore towards funding working capital requirements.
General corporate purposes
The company will utilise ₹6.78 crore towards general corporate purposes.
Issue Expenses
Part of the IPO proceeds will be used towards issue expenses.
IPO Subscription Status
Financials of Victory Electric Vehicles International
In Cr.
Revenue: ₹16.90
EBITDA: ₹2.60
Profit: ₹1.62
| Key Performance Indicator | 30-Sep-25 (In Cr.) | 31-Mar-25 (In Cr.) | 31-Mar-24 (In Cr.) | 31-Mar-23 (In Cr.) |
|---|---|---|---|---|
| Revenue | 16.90 | 51.06 | 48.76 | 52.14 |
| EBITDA | 2.60 | 7.79 | 6.99 | 1.80 |
| Expenses | ||||
| Profit After Tax | 1.62 | 5.17 | 4.89 | 0.79 |
| Assets | 33.19 | 31.29 | 21.94 | 19.17 |
| Net Worth | 16.50 | 14.87 | 9.70 | 4.24 |
| Reserves | 8.67 | 7.04 | 7.09 | 2.20 |
| Borrowing | 4.85 | 9.29 | 5.30 | 2.90 |
Victory Electric Vehicles International - Promoter(s)
Sanjay Kumar Popli
Seema and Palak Poply
97.41%
63.33%
Contact Details
Victory Electric Vehicles International
Plot no 6, Second Floor, A-5, Maa Bhagwati Apartment,Paschim Vihar New Delhi-110063
Registrar Contact Details
Maashitla Securities Private Limited
Victory Electric Vehicles International IPO - FAQs
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