Founded in October 2018, Victory Electric Vehicles International Limited specializes in the design, production, and distribution of electric vehicles. The company is committed to delivering sustainable and eco-friendly mobility solutions, featuring a diverse lineup of electric two-wheelers, three-wheelers, and commercial vehicles. By promoting the transition to electric transportation, Victory Electric Vehicles International Limited supports the worldwide movement toward green energy.
Its product range includes E-rickshaws, E-Cargo/Loader E-rickshaws, scooters, and more. Additionally, the company provides tailored E-Three Wheelers for specialized uses, such as Food Three Wheelers and Ice Cream Three Wheelers. Advanced technologies like lithium-ion batteries, high-efficiency electric drivetrains, and smart connectivity are integrated into its vehicles.
Aligned with global sustainability goals, Victory Electric Vehicles International Limited strives to reduce carbon emissions and fossil fuel reliance. As of June 30, 2024, the company employs 110 permanent staff.
The Victory Electric Vehicles IPO opens on May 20, 2025, and closes on May 23, 2025, with a price band of ₹72 per share. The allocation includes a 50% retail quota and 50% HNI quota, with no QIB portion. The IPO is set to list on the NSE on May 28, 2025, and the allotment will be finalized by May 27, 2025. Financially, the company posted revenues of ₹48.76 crores in 2024, down from ₹52.14 crores in 2023, while profits rose to ₹4.89 crores in 2024 from ₹0.79 crores the previous year.
Victory Electric Vehicles IPO Details
| IPO Date | May 20, 2025 to May 23, 2025 |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Issue Price | ₹72 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | Approx ₹40.66 Crores |
| Fresh Issue | Approx ₹40.66 Crores |
| 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 |
Victory Electric Vehicles IPO Dates
The initial public offering of Victory Electric Vehicles will be available for subscription from May 20 to May 23, 2025.
| IPO Open Date | Tue, May 20, 2025 |
| IPO Close Date | Fri, May 23, 2025 |
| Tentative Allotment | Tue, May 27, 2025 |
| Refunds | Tue, May 27, 2025 |
| Credit of Shares to Demat | Tue, May 27, 2025 |
| IPO Listing Date | Wed, May 28, 2025 |
| UPI Mandate Confirmation Deadline | 5 PM on May 23, 2025 |
Victory Electric Vehicles IPO Market Lot
The minimum lot size for Victory Electric Vehicles IPO is set at 1,600 shares, with each application amounting to ₹1,15,200.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹1,15,200 |
| Retail Maximum | 1 | 1600 | ₹1,15,200 |
| S-HNI Minimum | 2 | 3200 | ₹2,30,400 |
