Victory Electric Vehicles International Ltd IPO

Victory Electric Vehicles International Ltd IPO

Automobile

sme

Bidding period

20 May 2025 - 23 May 2025

Bid price

₹72.00 - ₹72.00

Listing on

NSE-SME

Listing date

To be announced

Lot size

1600 shares

Issue size

To be announced


Minimum investment

₹1,15,200.00 / 1 lot

Maximum investment

₹1,15,200.00 / 1 lot

Bidding closed on 23 May 2025

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Victory Electric Vehicles International Ltd IPO dates

IPO opening date

20 May 2025

IPO end date

23 May 2025

Victory Electric Vehicles International Ltd IPO financials

Particulars

For the period ending in March 2024 (in ₹ million)

Total assets ₹21.94
Total liabilities ₹21.94
Total expenditure ₹42.18
Total revenue ₹48.76
Profit after tax ₹4.89
EBITDA ₹7.35
Adjusted EBITDA ₹0.00

Victory Electric Vehicles International Ltd shareholder pattern

Pre-issue Post-issue
Promoter group 0.0 0.0
Public group 0.0 0.0

Victory Electric Vehicles International Ltd strengths and risks

Information currently unavailable

  • Geographical presence in 12 states with dealers in all 12 states.

  • Experienced Leadership Backed by a Skilled Professional Team.

  • Robust Financial Performance: Maintaining Profitability through COVID-19 Challenges.

  • Our success depends on our ability to successfully develop, introduce, manufacture, market and deliver new electric vehicle models of high quality on schedule and on a large scale, which may expose us to new and increased challenges and risks.

  • If our electric vehicles contain defects, do not perform as per industry standards and/or fail to meet the performance levels advertised, our brand and reputation and our ability to develop, market and sell our electric vehicles could be adversely impacted, and we may be compelled to undertake product recalls or similar corrective actions and have legal actions taken against us.

  • We depend on third parties for the supply of raw materials and do not have firm commitments for supply or exclusive arrangements with any of our suppliers. Loss of suppliers may have an adverse effect on our business, results of operations and financial condition.

  • If we are not able to provide regular repair services, attract and retain customers, our business, prospects, financial condition, results of operations, and cash flows would be materially harmed.

  • Our Company, our Promoters and our Directors have pending litigations against them. Any adverse order on such pending litigations may adversely impact our business operations and financial statements.

  • Our company receives customer complaints related to our product. There are pending unresolved customer complaints as on December 31, 2024.

  • We could experience defects, quality issues or disruptions in the supply or increase in prices of components used in our electric vehicles thus increasing material costs and the price of our electric vehicles and impacting our projected manufacturing and delivery timelines.

  • We may not be able to accurately estimate the supply and demand for our electric vehicles leading to either a shortage or excess in inventory, which in turn could prevent us from effectively managing our manufacturing requirements, resulting in additional costs, production delays. Low demand for our vehicles and low-capacity utilization of our factory may limit our ability to leverage economies of scale.

  • Our Company earns majority of revenue from few states like Uttar Pradesh, Haryana, Bihar, Delhi and Madhya Pradesh. Change in customer preference or any adverse regulation from the state governments in these states will have a major impact on our revenue from operations.

  • Some of our Promoters Group Entities/Group Companies have objects which would allow them to engage in the line of business similar to our Company. There are no non- compete agreements between our Company and such Promoter Group/Group Companies. This exposes us to the risk of bidding for similar projects in which our Company is interested.

How to check the allotment status of the Victory Electric Vehicles International Ltd IPO?

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Victory Electric Vehicles International Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Victory Electric Vehicles International Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

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Victory Electric Vehicles International Ltd IPO registrar

Maashitla Securities Pvt Ltd

Phone number +91 011 - 45121795
E-mail ID investor.ipo@maashitla.com
Website www.maashitla.com

Victory Electric Vehicles International Ltd IPO reservation

QIB shares offered

0 (0.0%)

NII (HNI) shares offered

0 (0.0%)

Retail shares offered

0 (0.0%)

Anchor investor shares offered

0 (0.0%)

Total shares offered

0

Total shares with anchor investor

0

Victory Electric Vehicles International Ltd IPO lead manager

  • Corpwis Advisors Pvt Ltd

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How to apply for an IPO with Bajaj Broking?

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  • Log in to the Bajaj Broking trading platform and select ‘IPO’ from the menu.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen IPO.
  • Enter the quantity and your UPI ID.
  • Submit your application—and you're done!

Frequently asked questions

What is the listing date for the Victory Electric Vehicles International Ltd IPO?

The listing date for the Victory Electric Vehicles International Ltd IPO is unknown.

What is the issue size of Victory Electric Vehicles International Ltd IPO?

The issue size of the Victory Electric Vehicles International Ltd IPO is unknown cr.

What is the minimum lot size needed for Victory Electric Vehicles International Ltd IPO?

The minimum lot size for Victory Electric Vehicles International Ltd IPO is 1600

When does the Victory Electric Vehicles International Ltd open and close?

Victory Electric Vehicles International Ltd IPO is open from 20 May 2025 to 23 May 2025.

How can I apply for the Victory Electric Vehicles International Ltd IPO?

To apply for the Victory Electric Vehicles International Ltd, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
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