Victory Electric Vehicles International IPO GMP & Review: Apply or Avoid?

Victory Electric Vehicles International IPO is open for bidding from 7th January 2026 to 9th January 2026. It is a bookbuilding IPO of ₹34.56 crore, an entirely fresh issue of 0.84 crore shares. The issue will be listed on NSE and SME on its tentative listing date, 14th January 2026. 

Victory Electric Vehicles International IPO Details 

The Victory Electric Vehicles International IPO date is fixed between 7th January 2026 and 9th January 2026. The face value of Victory Electric Vehicles International shares stands at ₹5 per share, and the IPO Issue price band is set at ₹41 per share

Maashitla Securities Private Limited is the registrar of the Victory Electric Vehicles International IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below. 

Victory Electric Vehicles International IPO Share Reservation

Riddhi Display Equipment’s IPO is a bookbuilding issue of 0.84 crore shares worth ₹34.56 crore. Victory Electric Vehicles International IPO Limited shares will be listed on the NSE and the SME Exchange. Furthermore, SEBI has specified the share reservation criteria for different investor categories. 

Victory Electric Vehicles International IPO GMP Grey Market Premium

GMP is the gap between the issue price band and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Victory Electric Vehicles International IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

As of 7th January 2026, Victory Electric Vehicles International IPO GMP stands at ₹0 per share, which means the share will likely list at ₹41.00 on its tentative listing date, 14th January 2026.

GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Victory Electric Vehicles International IPO GMP. Stay informed with Univest for real-time insights into IPOs and their GMP trends. 

Victory Electric Vehicles International IPO GMP Review

Check out the detailed Victory Electric Vehicles International GMP IPO review for a thorough understanding of its potential to report listing gains on 14th January 2026. The Victory Electric Vehicles International IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO. 

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the business’s economic growth and decline before applying for the Victory Electric Vehicles International IPO.

Victory Electric Vehicles International Limited’s revenue increased by 4.71% from ₹48.76 crores in March 2024 to ₹51.06 crores in March 2025. Moreover, the company’s PAT increased by 5.72% from ₹4.89 crores in March 2024 to ₹5.17 crores in March 2025.

Victory Electric Vehicles International’s IPO has shown consistent revenue growth, indicating the company’s financial stability. Moreover, brokers, investors, and RAs have a positive outlook for the Victory Electric Vehicles International IPO, with its tentative listing day set for 14th January 2026. 

Technical Analysis

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the Victory Electric Vehicles International IPO.

The PE ratio of Victory Electric Vehicles International Limited shares is 12.41, and its Earnings Per Share (EPS) stands at 3.30. Thus, the Victory Electric Vehicles International IPO can deliver gains on its tentative listing date, 13th January 2026. 

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Victory Electric Vehicles International Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics. 

Victory Electric Vehicles International IPO Subscription Status

The Victory Electric Vehicles International IPO will open for bidding on 7th January 2026. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Victory Electric Vehicles International IPO Subscription Status. 

About Victory Electric Vehicles International Limited

Victory Electric Vehicles International Limited was established in October 2018. Victory Electric Vehicles International Limited designs, manufactures, and distributes electric vehicles. The company provides sustainable, eco-friendly mobility solutions through a wide range of electric two-wheelers, three-wheelers, and commercial vehicles. Victory Electric Vehicles International Limited aims to contribute to the global shift towards green energy by promoting the adoption of electric transportation. The company offers products ranging from E-rickshaws, E-Cargo/Loader E-rickshaws, Scooters, etc. The portfolio extends beyond conventional offerings to include customised E-Three Wheelers, catering to specific needs such as Food Three Wheelers, Ice Cream Three Wheelers, etc. The company integrates advanced technologies into its vehicles, such as lithium-ion battery systems, efficient electric drivetrains, and innovative connectivity features. It caters to both domestic and international markets, striving to offer reliable performance, cost-effective ownership, and minimal environmental impact. Victory Electric Vehicles International Limited envisions a cleaner and greener future, aligning its mission with global efforts to reduce carbon emissions and dependence on fossil fuels.

Victory Electric Vehicles International Limited Financials

The company’s financial analysis is essential before applying for the Victory Electric Vehicles International IPO. Look at the table to learn about Victory Electric Vehicles International Limited’s financials. 

Explanation

Victory Electric Vehicles International Limited’s revenue increased by 4.71% from ₹48.76 crores in March 2024 to ₹51.06 crores in March 2025. Moreover, the company’s PAT increased by 5.72% from ₹4.89 crores in March 2024 to ₹5.17 crores in March 2025.

Victory Electric Vehicles International Limited IPO Promoter Holdings

Have a look at the table below to check the holdings of Ashish Kankaria, Shruti A. Kankaria, Ambica Capital Markets Limited, and Gold View Financial Services Limited.

Note: The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue.

Aim of the Victory Electric Vehicles International IPO

The primary aim of the Victory Electric Vehicles International IPO is to raise ₹34.56 crores. 

Should I Invest in the Victory Electric Vehicles International IPO?

Explore the pros and cons of Victory Electric Vehicles International to know whether you should apply or avoid the issue. These pros and cons might help you understand the IPO’s efficiency in delivering profits over the coming decades. 

Pros of the Victory Electric Vehicles International IPO

• The Company has a Geographical presence in 12 states with dealers in all 12 states.
• The company has Experienced Leadership Backed by a Skilled Professional Team.
• The company has Robust Financial Performance.

Cons of the Victory Electric Vehicles International IPO

• The company has execution & product risk management
• The company has a dependence on the supply chain
• The company has a limited model & revenue concentration 

How to Apply for the Victory Electric Vehicles International IPO?

Check the steps mentioned below to apply for Victory Electric Vehicles International Ltd.

• Step 1: Conduct thorough research on the Victory Electric Vehicles International IPO GMP, subscription status, issue size, lot size, and other details. 
• Step 2: Open a demat account with Univest to access real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
• Step 3: Make a bid for two lots of 6,000 shares worth ₹2,46,000
• Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for the Victory Electric Vehicles International IPO across multiple demat accounts to increase your chances of allotment. 

How to Check the Victory Electric Vehicles International IPO Allotment Status?

You can check for the Victory Electric Vehicles International IPO allotment in different ways. These include NSE and the registrar portal. Follow the steps below to check your allotment status online.

Check On NSE

• Visit the NSE Official Site
• Navigate to the IPO Allotment Section. 
• Select Equity as the issue type. 
• Choose the Victory Electric Vehicles International IPO.  
• Choose whether to proceed with the PAN number or the application number.
• Submit your details to get the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal.
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your Victory Electric Vehicles International IPO allotment status.

Let’s Wrap

Victory Electric Vehicles International IPO is a bookbuilding issue of shares worth ₹34.56 crores. The shares of Victory Electric Vehicles International Limited will be listed on NSE and SME on its tentative listing date of 14th January 2026. Researching the Victory Electric Vehicles International IPO GMP and reviews is highly recommended to achieve your desired profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on Victory Electric Vehicles International IPO

How is the Victory Electric Vehicles International IPO?

Ans. Currently, on 7th January 2026, the Victory Electric Vehicles International GMP (Grey Market Premium) stands at ₹0. It indicates that the estimated listing price could be ₹41 per share. It is a bookbuilding IPO of ₹34.56 shares. The face value of each Victory Electric Vehicles International share is ₹5 per share. 

What is the Victory Electric Vehicles International IPO price?

Ans. The Victory Electric Vehicles International IPO issue price band is set at ₹41.00 per share. 

Is the Victory Electric Vehicles International IPO a good investment?

Ans. Victory Electric Vehicles International Limited’s revenue increased by 4.71% from ₹48.76 crores in March 2024 to ₹51.06 crores in March 2025. Moreover, the company’s PAT increased by 5.72% from ₹4.89 crores in March 2024 to ₹5.17 crores in March 2025.

Who is the registrar of the Victory Electric Vehicles International IPO?

Ans. Maashitla Securities Private Limited is the registrar for the Victory Electric Vehicles International IPO, awaiting the allotment process and initiating refunds. For any queries regarding the Victory Electric Vehicles International allotment and refund, you can contact Maashitla Securities Private Limited at ipo@mashitla.com or +91-11-45121795-96.

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

Ans. Victory Electric Vehicles International IPO is a bookbuilding IPO of ₹34.56 crores. Moreover, the IPO is set to open on 7th January 2026 and close on 14th January 2026. 

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Victory Electric Vehicles International IPO, download the Victory Electric Vehicles International IPO RHP and Victory Electric Vehicles International IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.

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