31 Mar 2023
Assets19.17
Total Income52.14
EBITDA1.80
Profit After Tax0.79
NET Worth4.24
Reserves and Surplus2.20
Total Borrowing2.90
At a glance
Updated 2026-09-09Victory Electric Vehicles is a SME IPO with an issue size of ₹34.56 crore, proposed for listing on NSE SME. The offer opens on 7th Jan 2026 and closes on 9th Jan 2026. The issue structure includes a fresh issue of ₹32.83 crore.
Issue details
Listing atNSE SME
Issue typeFixed Price Issue
Issue size₹34.56 Cr
Fresh issue₹32.83 Cr
Face value₹5
Price band—–—
Allotment12th Jan 2026
Listing14th Jan 2026
Grey market
GMP page ↗Latest GMP₹0.00
GMP / upper priceNO DATA
Est. listing₹41.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens7th Jan 2026
Closes9th Jan 2026
Allotment12th Jan 2026
Refund13th Jan 2026
Demat13th Jan 2026
Listing14th Jan 2026
Subscription demand
Full bidding ↗Retail0.99×
Total0.95×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 6000 | — |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Capital Expenditure | ₹5.00 Cr |
| Working Capital Requirement | ₹18.00 Cr |
| General Corporate Purposes | ₹6.78 Cr |
| Issue expenses | ₹4.76 Cr |
| Total | ₹34.54 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue16.90₹ Cr · -66.9% vs prior year
EBITDA2.60₹ Cr · -66.6% vs prior year
PAT1.62₹ Cr · -68.7% vs prior year
Assets33.19₹ Cr · +6.1% vs prior year
Net Worth16.50₹ Cr · +11.0% vs prior year
Borrowing4.85₹ Cr · -47.8% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets21.94
Total Income48.76
EBITDA6.99
Profit After Tax4.89
NET Worth9.70
Reserves and Surplus7.09
Total Borrowing5.30
31 Mar 2025
Assets31.29
Total Income51.06
EBITDA7.79
Profit After Tax5.17
NET Worth14.87
Reserves and Surplus7.04
Total Borrowing9.29
30 Sep 2025
Assets33.19
Total Income16.90
EBITDA2.60
Profit After Tax1.62
NET Worth16.50
Reserves and Surplus8.67
Total Borrowing4.85
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 42.10% |
| ROCE | 31.27% |
| Debt / Equity | 0.62% |
| RoNW | 42.11% |
| PAT Margin | 10.17% |
| EBITDA Margin | 15.32% |
| Price to Book Value | 4.32 |
Valuation & shareholding
Pre-IPO EPS3.30
Post-IPO EPS1.35
Pre-IPO P/E12.41
Post-IPO P/E30.41
Promoter holding pre97.41%
Promoter holding post63.33%
Market cap₹98.77 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Victory Electric Vehicles International IPO | — | 30.41 x | — | — |
| Sellowrap Industries IPO | — | 11.44 x | — | — |
| CLN Energy IPO | — | 26.95 x | — | — |
| Premium Plast IPO | — | 16.57 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Capital Expenditure | ₹5.00 Cr |
| Working Capital Requirement | ₹18.00 Cr |
| General Corporate Purposes | ₹6.78 Cr |
| Issue expenses | ₹4.76 Cr |
| Total | ₹34.54 Cr |
Registrar & lead managers
Registrar
Maashitla Securities Pvt.Ltd.Lead managers
- Corpwis Advisors Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-09.
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