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Victory Electric Vehicles International

Victory Electric Vehicles International

Open Date

07 Jan 2026

Close Date

09 Jan 2026

listed

Min Investment

₹246000

Lot Size

6000 Shares

Issue Size

₹34.56 Cr

Price Range

₹41 - ₹41

Listing Date

Jan 14, 2026

IPO Doc

RHP PDF

About 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.

Checklist Quality Analysis

Revenue Growth

Company Valuation

Earning Expansion

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.

0GMP

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%

1

Capital expenditure

The company will utilise ₹5 crore towards capital expenditure.

14.29%
2

Working capital

The company will utilise ₹18 crore towards funding working capital requirements.

51.43%
3

General corporate purposes

The company will utilise ₹6.78 crore towards general corporate purposes.

19.37%
4

Issue Expenses

Part of the IPO proceeds will be used towards issue expenses.

14.91%

IPO Subscription Status

Retails
0.98x
QIB
0.00x
NII
0.38x

Financials of Victory Electric Vehicles International

In Cr.

Revenue: ₹16.90

EBITDA: ₹2.60

Profit: ₹1.62

Total Income
EBITDA
Total Profit
Negative Value
Key Performance Indicator30-Sep-25 (In Cr.)31-Mar-25 (In Cr.)31-Mar-24 (In Cr.)31-Mar-23 (In Cr.)
Revenue16.9051.0648.7652.14
EBITDA2.607.796.991.80
Expenses
Profit After Tax1.625.174.890.79
Assets33.1931.2921.9419.17
Net Worth16.5014.879.704.24
Reserves8.677.047.092.20
Borrowing4.859.295.302.90

Victory Electric Vehicles International - Promoter(s)

Sanjay Kumar Popli

Seema and Palak Poply

Pre Issue Share Holding

97.41%

Post Issue Share Holding

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

Victory Electric Vehicles International IPO - FAQs

Victory Electric Vehicles International IPO is a SME IPO. The issue is priced at ₹41 per equity share. The minimum order quantity is 6000 Shares. The IPO opens on 7 Jan, and closes on 9 Jan. Maashitla Securities Private Limited is the registrar for the IPO. The shares are proposed to be listed on SME.

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