Victory Electric Vehicles IPO
₹41 – ₹41 · Issue Size ₹35 CrIPO Overview
Business Model
- Geographical presence in 12 states with dealers in all 12 states
- Our company has widespread geographical reach, showcasing their commitment to sustainable mobility across
- India. It has strategically established a strong presence in states including Uttar Pradesh, Rajasthan, Haryana,
- Bihar, Madhya Pradesh, Jharkhand, Delhi, Chandigarh, Uttarakhand, Jammu & Kashmir, Gujarat and
- Maharashtra. These regions reflect its focus on E-Rickshaws, which continue to be important in urban and rural
- Experienced Leadership Backed by a Skilled Professional Team
- Our sustained business growth can be attributed to the extensive industry knowledge and expertise of our senior
IPO Timeline
Objects of the Issue
The Issue comprises of a Fresh Issue of upto 84,30,000 Equity shares, at an issue price of ₹ 41/- per Equity share, aggregating upto ₹ 3,456.30 lakhs by the company. the company proposes to utilize the Net Proceeds from the Issue towards the following below mentioned objects: Fresh Issue the company proposes to utilize the funds which are being raised towards funding the following objects and achieve the benefits of listing on the National Stock Exchange of India: 1. Working Capital Requirements
| Purpose | Amount |
|---|---|
| September 26, 2025 with 6 months validity at an estimated cost of Rs., inclusive of GST. | ₹0.43 Cr |
Strengths & Weaknesses
Strengths
- Geographical presence in 12 states with dealers in all 12 states
- Our company has widespread geographical reach, showcasing their commitment to sustainable mobility across
- India. It has strategically established a strong presence in states including Uttar Pradesh, Rajasthan, Haryana,
- Bihar, Madhya Pradesh, Jharkhand, Delhi, Chandigarh, Uttarakhand, Jammu & Kashmir, Gujarat and
- Maharashtra. These regions reflect its focus on E-Rickshaws, which continue to be important in urban and rural
- Experienced Leadership Backed by a Skilled Professional Team
- Our sustained business growth can be attributed to the extensive industry knowledge and expertise of our senior
Management & Promoters
Peer Comparison
| Company | P/E | EPS |
|---|---|---|
| Victory Electric Vehicles IPO | — | — |
| Mr. Nikunj Kanodia Telephone: + | 91.0x | — |
| Mr Mukul Agarwal Telephone: - | 11.0x | — |
| January January | 7.0x | — |
| (Please read Section of the Companies Act ) | 32.0x | — |
Pre-IPO Financials
| Period | Revenue (Cr) | PAT (Cr) | Net Worth (Cr) | Total Assets (Cr) |
|---|---|---|---|---|
| September 2025 | ₹16.81 Cr | ₹0.18 Cr | ₹7.83 Cr | ₹31.29 Cr |
| 2025 | ₹50.86 Cr | — | ₹7.83 Cr | ₹21.94 Cr |
| 2024 | ₹48.44 Cr | — | ₹2.61 Cr | ₹19.17 Cr |
| 2023 | ₹51.91 Cr | — | ₹2.04 Cr | ₹1.98 Cr |
About
Victory Electric Vehicles International Limited is involved in the design, production, and distribution of electric vehicles. Moreover, it was incorporated in October 2018. The company provides a diverse range of products, including E-rickshaws, E-Cargo/Loader E-rickshaws, and electric scooters. The company’s portfolio is beyond expectations, as they offered customized E-Three wheelers for specific purposes like food vending and ice cream sales. The company delivers eco-friendly and sustainable
Key Regulations and Policies", "History and Certain Corporate Matters", "Restated Financial Statements", "Financial Indebtedness", "Outstanding Litigation Other Material Developments", "Other Regulatory and Statutory Disclosures" and "Main Provisions of the Articles of Association" on pages 88, 101, 108, 111, 153, 160, 193, 239, 241,250 and 297 respectively, shall have the meanings ascribed to them in the relevant sections. General terms TERM DESCRIPTION Our Company / the Company / the Issuer Victory Electric Vehicles International Limited a public limited company incorporated under the Co
| Exchange | NSE |
| Issue Type | sme |
| Face Value | ₹5 per share |
Documents
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