Victory Electric Vehicles International Limited was established in October 2018 with a focus on the design, manufacturing, and distribution of electric vehicles. It provides a diverse array of sustainable and eco-friendly mobility solutions, including electric two-wheelers, three-wheelers, and commercial vehicles.
The company’s product lineup encompasses E-rickshaws, E-Cargo/Loader E-rickshaws, Scooters, and tailored E-Three Wheelers designed for specialized uses such as Food Three Wheelers and Ice Cream Three Wheelers. By incorporating advanced technologies like lithium-ion battery systems, efficient electric drivetrains, and smart connectivity, Victory Electric Vehicles enhances vehicle performance and reliability.
Victory Electric Vehicles IPO will open on January 7, 2026, and close on January 9, 2026. It is structured as a Fixed Price Issue, with a total fundraising target of approximately ₹35 crores. The fixed price for the IPO has been set at ₹41 per share. In terms of allocation, the retail quota is 50%, the HNI (High Net-worth Individual) quota is 50%, and the QIB (Qualified Institutional Buyer) quota is 0%.
The basis of allotment is scheduled to be finalized on January 12, 2026, with the shares expected to list on the NSE on January 14, 2026. Financially, the company reported an increase in revenue from ₹48.76 crore in 2024 to ₹51.06 crores in 2025, while its profit rose from ₹4.89 crores in 2024 to ₹5.17 crores in 2025.
Victory Electric Vehicles IPO Details
| IPO Date | January 7, 2026 to January 9, 2026 |
| Listing Date | Wed, Jan 14, 2026 |
| Face Value | ₹5 per share |
| Issue Price | ₹41 per share |
| Lot Size | 3,000 Shares |
| Issue Size | Approx ₹35 Crores |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,56,60,000 shares |
| Share Holding Post Issue | 2,40,90,000 shares |
Victory Electric Vehicles IPO Dates
Victory Electric Vehicles opens on January 7 and concludes on January 9. Following the subscription period, the basis of allotment will be finalized on January 12, with the shares scheduled to be listed on January 14.
| IPO Open Date | Wed, Jan 7, 2026 |
| IPO Close Date | Fri, Jan 9, 2026 |
| Tentative Allotment | Mon, Jan 12, 2026 |
| Refunds | Tue, Jan 13, 2026 |
| Credit of Shares to Demat | Tue, Jan 13, 2026 |
| Tentative Listing Date | Wed, Jan 14, 2026 |
Victory Electric Vehicles IPO Market Lot
The minimum market lot for the Victory Electric Vehicles IPO is set at 6,000 shares, requiring an application amount of ₹2,46,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 6,000 | ₹2,46,000 |
| Retail Maximum | 2 | 6,000 | ₹2,46,000 |
| S-HNI Minimum | 3 | 9,000 | ₹3,69,000 |
