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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Victory Electric Vehicles International Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹41
Per ShareLot Size
3000 Shares
Minimum Investment
₹1,23,000
Issue Size
₹34.56 Cr
Face Value
₹5
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50.02%
QIB Quota
0%
NII Quota
49.98%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
97.41%
Promoter Holding (Post-Issue)
63.33%
Issue Type
Fixed Price - SME
ISIN
INE0F8901022
The Company is in the business of manufacturing Electric Vehicles which includes Electric Rickshaws, Passenger Rickshaws, E-Loaders, Cargo Rickshaws and Electric Scooters. Its portfolio extends beyond conventional offerings to include customized E-Three Wheelers, catering to specific needs such as Food Three Wheelers and Ice Cream Three Wheelers.
The Company operates in electric vehicle industry. India's electric vehicle (EV) sector is experiencing rapid growth, fuelled by government incentives, rising environmental concerns, and technological advancements. With initiatives like the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, India aims to significantly increase EV adoption, revolutionizing its transportation landscape towards sustainability and innovation. In 2023, the global electric vehicle market was valued at US$ 255.54 billion. It is forecasted to reach approximately US$ 2,108.80 billion by 2033, growing at a significant CAGR of 23.42% from 2024 to 2033. According to Fortune Business Insights, the Indian EV market is forecasted to expand from US$ 3.21 billion in 2022 to US$ 113.99 billion by 2029, with a 66.52% CAGR. In 2023, electric vehicle sales in India surged by 49.25%, reaching 1.52 million units. India has established an objective to increase the proportion of electric vehicle (EV) sales to 30% in private cars, 70% in commercial vehicles, 40% in buses, and 80% in two-wheelers and three-wheelers by the year 2030. This equates to an ambitious objective of 80 million EVs on Indian roads by 2030 as per the estimates of CII. The global move towards electric vehicles is generating new opportunities for automotive suppliers. The Indian EV battery market is projected to surge from US$ 16.77 billion in 2023 to a remarkable US$ 27.70 billion by 2028.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public issue of up to 84,30,000 equity shares of face value of Rs. 5/- each ( the"Equity Shares") of Victory Electric Vehicles International Limited("the Company" or the "Issuer") for cash at a price of Rs. 41/- per equity share (Including a Premium of Rs. 36/- per equity share) ("Issue Price") Aggregating up to Rs. 34.56 crores ("the Issue'), out of which 4,23,000 equity shares of face value of Rs. 5/- each for a cash price of Rs. 41/- per equity share, aggregating to Rs. 1.73 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. Issue of 80,07,000 equity shares of face value of Rs. 5/- each at an issue price of Rs. 41/- per equity share aggregating of Rs.32.83 crores (is hereinafter referred to as the"Net Issue"). The issue and the net issue will constitute 35.00% and 33.24% respectively of the post issue paid up equity share capital of the company. Issue Price: Rs. 41/- per equity share of face value of Rs. 5/- each. The issue price is 8.20 times of the face value. Bids can be made for a minimum of 6,000 equity shares and in multiples of 3,000 equity shares thereafter.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
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*Real-time data subject to exchange updates
The Company was incorporated as `Victory Electric Vehicles International Private Limited' a private limited company, under the Companies Act, 2013, pursuant to a certificate of incorporation dated October 26, 2018 issued by the ROC, Central Registration Centre. Subsequently, the Company was converted into a public limited company pursuant to a special resolution passed by its shareholders in the extra ordinary general meeting held on February 10,2020 and the name of the Company was changed to `Victory Electric Vehicles International Limited' and a fresh Certificate of Incorporation dated February 28, 2020 was issued to the Company by the Registrar of Companies, Delhi.
Wholesaler and Retailer
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.