Victory Electric Vehicles International Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹0(0.00%)
Premium (ELP)
Victory Electric Vehicles International Limited's successfully completed its Initial Public Offering and commenced trading on Jan 14, 2026 at the NSE exchange. The company raised 84,30,000 Shares through this public offering, comprising 84,30,000 Shares in fresh capital.
The IPO was priced within the band of ₹41 to ₹41, with minimum application lots of 3000 shares. The offering attracted significant investor interest during its subscription period from Jan 07, 2026 to Jan 09, 2026.
Share allotment was finalized on Jan 12, 2026, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in October 2018, Victory Electric Vehicles International Limited designs, manufactures, and distributes electric vehicles, offering sustainable mobility solutions through a range of electric two-wheelers, three-wheelers, and commercial vehicles. The company’s product portfolio includes E-rickshaws, E-Cargo/Loader E-rickshaws, scooters, and customized three-wheelers such as food and ice cream vehicles, integrating advanced technologies like lithium-ion battery systems, efficient electric drivetrains, and smart connectivity features. Serving both domestic and international markets, Victory Electric Vehicles focuses on reliable performance, cost-effective ownership, and minimal environmental impact, with a mission aligned to global efforts in promoting green energy, reducing carbon emissions, and decreasing dependence on fossil fuels.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Expanding Product Portfolio: Plans to offer EVs across multiple segments, including 2-wheelers, 3-wheelers, and customizable L3 & L5 models.
- Improved Distribution Network: Setting up multi-location warehouses to reduce delivery time and logistics costs.
- Charging Infrastructure Development: Plans to establish EV charging stations across India to support customers and boost EV adoption.
- Risk of Product Defects: Any quality issues or underperformance may lead to recalls, legal costs, and damage to brand reputation.
- Dependence on Third-Party Suppliers: Relies fully on external suppliers, making operations vulnerable to supply delays or defects.
- Limited Supplier Base: Regulatory requirements restrict supplier options, increasing the risk of operational disruptions.
- Sanjay Kumar Popli
- Seema Popli
- Palak Popli
Victory Electric Vehicles International Limited
Maashitla Securities Private Limited