Victory Electric Vehicles International SME IPO
Victory Electric Vehicles International IPO — date, price band, GMP & allotment 2026
Victory Electric Vehicles International develops electric mobility solutions, including EVs and charging infrastructure. Through this IPO, the company aims to expand production, R&D, and distribution networks. With India’s push for electric mobility, Victory Electric Vehicles International is positioned to benefit from rising EV adoption, offering investors an opportunity to participate in the green transportation revolution.
Stock price
Victory Electric Vehicles International is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 September.
- Open 07 Jan 2026
- Close 09 Jan 2026
- Allotment 12 Jan 2026
- Refund/credit 13 Jan 2026
- Listing 14 Jan 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 7 to 9 Jan, 2026 |
|---|---|
| Price Band | ₹41 |
| Face Value | ₹₹5 |
| Lot Size | 3 Shares |
| Issue Size | ₹34.56 Cr. Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE SME |
| Employee Discount | NA |
| Registrar | Maashitla Securities Private Limited |
| Min Investment | ₹ 246 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 3 shares at the ₹41 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 6 | ₹246 |
| Retail (max) | 2 | 6 | ₹246 |
| HNI (min) | 3 | 9 | ₹369 |
Three years of numbers
All figures in ₹ crore, as reported in the Victory Electric Vehicles International offer document.
| Metric | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 33.19 | 31.29 | 21.94 | 19.17 |
| Total Income | 16.90 | 51.06 | 48.76 | 52.14 |
| Profit After Tax | 1.62 | 5.17 | 4.89 | 0.79 |
| EBITDA | 2.60 | 7.79 | 6.99 | 1.80 |
| NET Worth | 16.50 | 14.87 | 9.70 | 4.24 |
| Reserves and Surplus | 8.67 | 7.04 | 7.09 | 2.20 |
| Total Borrowing | 4.85 | 9.29 | 5.30 | 2.90 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Victory Electric Vehicles International RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Victory Electric Vehicles International IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹1.35 |
| P/E Ratio (x) | 30.41 |
| Market Cap at Offer Price (₹ Cr) | ₹49.20 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹41 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹29.78 Cr of the issue is earmarked to named objects.
About the company
The company is engaged in manufacturing a wide range of electric vehicles such as e-rickshaws, electric three-wheelers, cargo loaders, and electric scooters, along with customised vehicles for commercial applications like food and ice-cream vending. Its business model is centred on producing affordable EVs for last-mile connectivity and commercial use, targeting both domestic and select international markets. By focusing on utility-driven vehicles, the company aims to benefit from the rising adoption of electric mobility in India.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
9643108966
The bankers & the filings
Who is running the book, and the documents this page is built from.
Company contact
Frequently asked
What is the GMP of Victory Electric Vehicles International?
The current Grey Market Premium is ₹0.
What is the Victory Electric Vehicles International IPO price band?
₹41, on a face value of ₹₹5.
When is the allotment?
The basis of allotment is 12 January 2026, with listing on 14 January 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Maashitla Securities Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
