Victory Electric Vehicles IPO
Victory Electric Vehicles IPO
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 1 lot, each comprising 3,000 shares — amounting to ₹135,000 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.
IPO Timeline & Key Dates
* Tentative; subject to confirmation.
Price Band & Investment Details
| 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 | ₹135,000 |
| Listing At | NSE |
| Sale Type | fresh issue |
| Reserved for Market Maker | ₹1.9 Cr |
| Issue Type | fixed price |
Victory Electric Vehicles IPO Grey Market Premium (GMP) - Current & Historical Rates
Last updated: 1 day ago
Victory Electric Vehicles IPO Grey Market Premium (GMP) History - Track Record & Historical Data
| 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 |
Subscription (Latest Snapshot)
View Detailed SubscriptionLatest snapshot: Jan 13, 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| NII | 0.91x | — |
| Retail Investors | 0.99x | — |
| Total | 0.95x | — |
Registrar
- Registrar
- Maashitla Securities Private Limited (SEBI Reg. No.: INR000004370)
- Registrar Phone
- +91-11-45121795-96
- Registrar Email
- contact@maashitla.com
- Registrar Address
- 451, Krishna Apra Business Square, Netaji Subhash Place, Pitampura, Delhi - 110034, India
Victory Electric Vehicles IPO Investment Limits
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) | 1 | 3,000 | ₹135,000 |
| Retail (Max) | 1 | 3,000 | ₹135,000 |
| S-HNI (Min) | 2 | 6,000 | ₹270,000 |
| S-HNI (Max) | 7 | 21,000 | ₹945,000 |
| B-HNI (Min) | 8 | 24,000 | ₹1,080,000 |
Promoter Holding
The promoters of the company Sanjay Kumar Popli, Seema and Palak Poply.
IPO Reservation
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 | Maximum Allottees |
|---|---|---|
| Market Maker Shares Offered | 423,000 (5.02%) | NA |
| NII (HNI) Shares Offered | 4,002,000 (47.47%) | NA |
| Retail Shares Offered | 4,005,000 (47.51%) | NA |
| Total Shares Offered | 8,430,000 (100.00%) | — |
Victory Electric Vehicles IPO Overview
Victory Electric Vehicles International Limited is engaged in the design, manufacturing, and distribution of electric vehicles such as:
- E-Rickshaws (L3 category)
- E-Cargo / Loader Electric Rickshaws
- Electric Scooters
- Customized electric three-wheelers (e.g., food vending, ice-cream three-wheelers)
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.
- Founded In
- 2018
- Managing Director
- Mr. Sanjay Kumar Popli
- Headquarters
- Plot No. 6, Second Floor, A-5, Maa Bhagwati Apartment, Paschim Vihar, West Delhi – 110063, India
- Website
- victoryevindia.com
- Industry
- Electric Vehicles
Financials
| Year | Revenue (₹ Cr) | Profit After Tax (₹ Cr) | Net Worth (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2025 | 51.06 | — | 14.87 | 31.29 |
| 2024 | 48.76 | — | 9.7 | 21.94 |
| 2023 | 52.14 | — | 4.24 | 19.17 |
Frequently Asked Questions (FAQs)
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