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VICTORYEV
Victory Electric Vehicles IPO, a SME IPO was listed on the exchange on January 14, 2026. The price band is set between ₹45 –45 , with a face value of ₹5 . Retail investors can apply with a minimum of 2 lots, each comprising 3,000 shares — amounting to ₹270,000 at the upper price.
Victory Electric Vehicles IPO has been successfully listed on the exchange. Track the listing performance, current stock price, and post-listing trends. This information is for education only—not investment advice.
Victory Electric Vehicles IPO SME Important Dates
Get important updates regarding Victory Electric Vehicles IPO SME tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates. Dates are updated as soon as they are announced.
Listing day gain
-23.44%
Listed at ₹34.45 (issue ₹45)
Issue
₹45
Listing
₹34.45
Current
₹32.75
-27.22% vs issue
Day range
₹32.75 – ₹34.45
Open Date
Jan 07
Close Date
Jan 09
Allotment
Jan 12
Listing
Jan 14
Issue Size
8,430,000 shares
(aggregating up to ₹35.00 Cr)
Issue Price
₹45 – ₹45
Face Value
₹5/share
Market Lot
3,000 shares
Retail Min Investment
₹270,000
Listing At
NSE
Sale Type
fresh issue
Reserved for Market Maker
423,000 shares
(aggregating up to ₹1.90 Cr)
Issue Type
fixed price
Last updated: 2 months ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 13 Jan 2026 Latest | ₹45 | ₹0 | ₹45 | ₹0 |
0%
|
5:07 PM |
| 12 Jan 2026 | ₹45 | ₹0 | ₹45 | ₹0 |
0%
|
5:07 PM |
| 11 Jan 2026 | ₹45 | ₹0 | ₹45 | ₹0 |
0%
|
5:07 PM |
| 10 Jan 2026 | ₹45 | ₹0 | ₹45 | ₹0 |
0%
|
12:00 PM |
| 09 Jan 2026 | ₹45 | ₹0 | ₹45 | ₹0 |
0%
|
1:03 PM |
| 08 Jan 2026 | ₹45 | ₹0 | ₹45 | ₹0 |
0%
|
10:59 PM |
| 07 Jan 2026 | ₹45 | ₹0 | ₹45 | ₹0 |
0%
|
12:28 PM |
Latest snapshot: Jan 13, 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| NII | 0.91x | — |
| Retail Investors | 0.99x | — |
| Total | 0.95x | — |
The promoters of the company Sanjay Kumar Popli, Seema and Palak Poply.
IPO investment limits, also referred to as application limits or bidding limits, define the minimum and maximum number of shares, lots, and investment amount that investors can apply for in an IPO based on their category (Retail, HNI, or Institutional). These limits are calculated as per SEBI guidelines and help ensure fair distribution of shares. Retail investors typically have lower minimum and maximum limits compared to High Net Worth Individuals (HNI) and Non-Institutional Investors (NII). Understanding IPO application limits is essential for investors to determine how much they can invest, calculate the number of lots they can apply for, and plan their investment strategy accordingly. The investment limits table shows the lot size, number of shares, and total amount in rupees for each investor category.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 6,000 | ₹270,000 |
| Retail (Max) | 1 | 3,000 | ₹135,000 |
| S-HNI (Min) | 3 | 9,000 | ₹405,000 |
| S-HNI (Max) | 7 | 21,000 | ₹945,000 |
| B-HNI (Min) | 8 | 24,000 | ₹1,080,000 |
The IPO reservation structure, also known as share allocation breakdown, details how the total issue size is distributed among different investor categories as mandated by SEBI (Securities and Exchange Board of India) regulations. This reservation table shows the exact percentage and number of shares allocated to Qualified Institutional Buyers (QIB), Retail Individual Investors (RII), High Net Worth Individuals (HNI), Non-Institutional Investors (NII), and other reserved categories like employees and shareholders. Understanding IPO reservation percentages is crucial for investors to evaluate their probability of share allotment, as each category has different subscription levels and competition. The maximum allottees column indicates the cap on the number of investors who can receive shares in each category, helping you assess the likelihood of getting an allotment based on your investor category.
| Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 423,000 (5.02%) |
| NII (HNI) Shares Offered | 4,002,000 (47.47%) |
| Retail Shares Offered | 4,005,000 (47.51%) |
| Total Shares Offered | 8,430,000 (100.00%) |
Victory Electric Vehicles International Limited is engaged in the design, manufacturing, and distribution of electric vehicles such as:
Growth and Key Stengths:
Victory Electric Vehicles International Limited operates in India’s rapidly growing electric mobility segment, focusing mainly on electric three-wheelers and utility EVs. The company has built a diversified product portfolio including e-rickshaws, e-loaders, L5 autos, and customized electric vehicles for commercial use. It has shown steady revenue growth driven by rising demand for affordable and eco-friendly transportation solutions. Victory EV has expanded its dealer and service network across multiple states, improving market reach and customer support. The company benefits from strong demand in last-mile connectivity and commercial transport segments. Its focus on cost-effective manufacturing helps maintain competitive pricing. Alignment with government EV policies and sustainability initiatives supports long-term growth. Experienced management and operational expertise strengthen execution capabilities. Product customization for niche applications adds a competitive edge. Overall, Victory EV is well-positioned to benefit from India’s accelerating electric vehicle adoption.
Standalone · ₹ in Crores
| Particulars | FY 2023 | FY 2024 | FY 2025 Latest |
|---|---|---|---|
| Total Revenue | 52.14 | 48.76 |
51.06
↑ 4.7%
|
| Profit After Tax (PAT) | 0.79 | 4.89 |
5.17
↑ 5.7%
|
| EBITDA | 1.8 | 6.99 |
7.79
↑ 11.4%
|
| Total Assets | 19.17 | 21.94 |
31.29
↑ 42.6%
|
| Net Worth | 4.24 | 9.7 |
14.87
↑ 53.3%
|
| Reserves & Surplus | 2.2 | 7.09 |
7.04
↓ 0.7%
|
| Total Borrowing | 2.9 | 5.3 |
9.29
↑ 75.3%
|
Revenue & Profit Trend
The Victory Electric Vehicles IPO is expected to open in January, 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Victory Electric Vehicles IPO is ₹45.00 - ₹45.00 per share.
As per market sources, Victory Electric Vehicles IPO GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Victory Electric Vehicles IPO stands at 0.95x overall.
The listing date for Victory Electric Vehicles IPO is January 14, 2026.
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