Victory Electric Vehicles International Limited, a Mumbai-based electric vehicle manufacturer, has announced its IPO which will open for subscription from May 20, 2025, and close on May 23, 2025. The issue is a fixed price fresh issue of ₹40.66 crores, consisting of 56.47 lakh equity shares priced at ₹72 each.

The shares will be listed on the NSE SME platform, with allotment expected to be finalized on or about Tuesday, May 27, 2025, and the tentative listing date set on or about Wednesday, May 28, 2025.

IPO Details:

• IPO Opening Date: May 20, 2025

• IPO Closing Date: May 23, 2025

• Price: ₹72 per share (fixed price issue)

• Fresh Issue Size: ₹40.66 crores

• Number of Shares: 56.47 lakh shares

• Minimum Application Lot Size: 1,600 shares

• Minimum Retail Investment: ₹1,15,200

• Minimum HNI Investment: 2 lots (3,200 shares) amounting to ₹2,30,400

• Book Running Lead Manager: Corpwis Advisors Private Limited

• Registrar: Maashitla Securities Private Limited

• Market Maker: Alacrity Securities Limited

• Tentative Listing Exchange: NSE SME

• Allotment Date: May 27, 2025

• Listing Date: May 28, 2025

About the Company

Victory Electric Vehicles International Limited manufactures a wide range of electric vehicles including E-rickshaws, E-Cargo and Loader E-Rickshaws, and electric scooters. Their portfolio also includes customized E-Three Wheelers tailored for specific industries such as Food Three Wheelers and Ice Cream Three Wheelers, addressing niche market demands.

The company is led by Managing Director Mr. Sanjay Kumar Popli, who brings 3 years of experience in marketing and communications, along with Ms. Seema, an operations and admin head with experience as a commerce lecturer. Their combined expertise supports the company's growth in the evolving electric vehicle market.

Financial Highlights

The company has shown consistent financial growth over recent years:

These figures indicate steady growth in revenue, profitability, and operational efficiency, highlighting the company’s strengthening position in the electric vehicle sector.

Grey Market Premium (GMP)

The Grey Market Premium for Victory Electric Vehicles IPO is expected to be ₹0, suggesting no speculative premium before listing. This is typical for fixed price IPOs and reflects market perception based on company fundamentals. Investors should note that GMP trading is unregulated and should not be relied upon for investment decisions.

How to Check IPO Allotment Status

Investors can check the Victory Electric Vehicles IPO allotment status from May 27, 2025, on the registrar’s website:

1. Visit the IPO allotment status page on Maashitla Securities website.

2. Select Victory Electric Vehicles International Limited IPO from the dropdown menu.

3. Enter your application number, PAN, or DP Client ID.

4. Submit to view allotment results.

   ---

   The Upcoming IPOs in this week and coming weeks are Victory Electric Vehicles International, Borana Weaves, Dar Credit and Capital,Belrise Industries, Wagons Learning.

   ---

   The Current active IPO are Accretion Pharmaceuticals.

   ---

   Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

   ---

   Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst