The Victory Electric Vehicles IPO is good news for investors looking for an opportunity to invest in the electric vehicle sector. Victory Electric Vehicles International Limited is launching its SME IPO , which will open for subscription on January 7, 2026. In this IPO, investors will be able to purchase the company's shares at a price of ₹41 per share .
Victory Electric Vehicles IPO: Key Details
| Description | Information |
|---|---|
| IPO Open Date | 07-01-2026 |
| IPO Close Date | 09-01-2026 |
| allotment date | 12-01-2026 (expected) |
| Listing Date | 14-01-2026 |
| Listing Platform | NSE SME |
| Issue Type | Fixed Price Issue |
| issue size | ₹34.56 crore |
| Price | ₹41 per share |
| Total Shares | 84 lakh (Fresh Issue) |
This IPO is a completely fresh issue , which means the entire amount received from it will go to the company.
Lot Size and Minimum Investment
- Lot Size: 3,000 shares
- Minimum investment for retail investors:
- 2 lots (6,000 shares)
- Total amount: ₹2,46,000
- Minimum investment for HNI investors:
- 3 lots (9,000 shares)
- Total amount: ₹3,69,000
Victory Electric Vehicles Company Profile
Product Portfolio
The company's major products include:
- Electric two-wheeler
- Electric three-wheeler
- E-rickshaw
- E-Cargo and Loader E-Rickshaw
- electric scooter
Apart from this, the company also manufactures customized electric three-wheelers , such as:
- Food Three-Wheeler
- Ice Cream Three-Wheeler
These vehicles are designed keeping in mind specific business needs.
Technology and Market Presence
Victory Electric Vehicles uses cutting-edge technology in its vehicles, including:
- Lithium-ion battery system
- Advanced Electric Drivetrain
- Smart connectivity features
The company has its presence in the domestic as well as international markets and focuses on delivering reliable performance with affordable ownership.
Financial Performance
- FY25 Revenue: ₹51.06 crore
- FY25 Profit After Tax (PAT): ₹5.17 crore
The company's profits reflect growing demand and operational efficiency in the EV sector.
Use of funds raised from IPO
The proceeds from the IPO will be used for the following purposes:
- ₹5 crore – Capital Expenditure
- ₹18 crore – Working Capital Requirements
- ₹6.78 crore – General Corporate Purposes
Conclusion
The Victory Electric Vehicles IPO could be of interest to investors looking to invest in the electric vehicle and green energy sector at an early stage. However, SME IPOs carry a higher risk, so it's important to carefully understand the company's business model and financials before investing.
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