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

Victory Electric Vehicles IPO is open for bidding on 20th May 2025. It is a fixed price IPO consisting of a fresh issue of 56.47 lakh shares worth ₹40.66 crores. The issue will be listed on NSE and SME on its tentative listing date, 28th May 2025. 

Victory Electric Vehicles IPO Details 

Victory Electric Vehicles IPO date is fixed between 20th May 2025 and 23rd May 2025. The face value of Victory Electric Vehicles Limited shares stands at ₹5 per share, and the IPO listing price is fixed at ₹72 per share. 

Maashitla Securities Private Ltd. is the registrar of Victory Electric Vehicles 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 IPO Share Reservation

Victory Electric Vehicles IPO is a fixed price IPO issue of 56.47 lakh shares worth ₹40.66 crores. Victory Electric Vehicles Limited shares will be listed on the NSE and SME. Furthermore, SEBI has specified the share reservation criteria for different investor’ categories. 

Victory Electric Vehicles IPO GMP Grey Market Premium

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

As of 19th May 2025, Victory Electric Vehicles IPO GMP stands at ₹0 per share, which means the share will likely show a flat listing at ₹72 (72+0) on its tentative listing date, 28th May 2025.

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 IPO. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends. 

Victory Electric Vehicles IPO Review

Check out the detailed Victory Electric Vehicles IPO review for a thorough understanding of its potential to report listing gains on 28th May 2025. The Victory Electric Vehicles 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 growth margins and declines of the business financials before applying for the Victory Electric Vehicles IPO.

Victory Electric Vehicles Limited’s revenue declined by 6.48% from ₹52.14 crores in March 2023 to ₹48.76 crores in March 2024. Moreover, the company’s PAT increased by 518.98% from ₹0.79 crores to ₹4.89 crores. 

Victory Electric Vehicles Limited has shown consistent growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for Victory Electric Vehicles IPO for its tentative listing day, which is 28th May 2025.  

Technical Analysis

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

The PE ratio of Victory Electric Vehicles Limited shares is 23.05, and its Earnings Per Share (EPS) stands at 3.12. The Victory Electric Vehicles IPO can potentially deliver gains on its tentative listing date, 28th May 2025. 

Victory Electric Vehicles Limited Peer Comparison

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 Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics. 

Victory Electric Vehicles IPO Subscription Status

Victory Electric Vehicles IPO is now open for bidding on 20th May 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Victory Electric Vehicles IPO Subscription Status. 

About Victory Electric Vehicles Limited

Victory Electric Vehicles Limited was incorporated in 2018 and is engaged in designing, manufacturing, and distributing electric vehicles. The company offers sustainable and environment-friendly mobility solutions by providing a wide range of electric two-wheelers, three-wheelers, and other commercial vehicles. It aims to contribute to the global shift towards green energy by encouraging the adoption of electric transportation.

The company has a strong financial performance, solid project management capabilities, industry experience, technical advancements, and resources.

Victory Electric Vehicles Limited Financials

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

Explanation

Victory Electric Vehicles Limited’s revenue declined by 6.48% from ₹52.14 crores in March 2023 to ₹48.76 crores in March 2024. Moreover, the company’s PAT increased by 518.98% from ₹0.79 crores to ₹4.89 crores. 

Victory Electric Vehicles IPO Bidding Requirements

Victory Electric Vehicles IPO has reserved lot sizes to be applied by different investor categories. Look at the table below to know about the requirements to be fulfilled for applying for this IPO. 

Victory Electric Vehicles IPO Promoter Holdings

Have a look at the table below to check about the holdings of Victory Electric Vehicles Limited’s promoters: Sanjay Kumar Popli, Seema and Palak Poply.

Note: Promoter Holdings’ value is to be calculated using Equity dilution, which represents the gap between shareholdings before and after the Issue. 

Aim of Victory Electric Vehicles IPO

The primary aim of Victory Electric Vehicles IPO is to raise ₹40.66 crores. On the other hand, Victory Electric Vehicles Limited has decided to utilise these funds in different practices. Explore some of the secondary objectives for Victory Electric Vehicles IPO.

• To meet working capital requirements.
• To meet general corporate purposes. 
• To fund capital expenditure.

Should I Invest in Victory Electric Vehicles IPO?

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

Pros of Victory Electric Vehicles IPO

• Industry expertise
• Technological infrastructure

Cons of Victory Electric Vehicles IPO

• High Risk
• Aggressively Priced

How to Apply for Victory Electric Vehicles IPO?

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

• Step 1: Conduct thorough research on Victory Electric Vehicles IPO GMP, subscription status, issue size, lot size, and other details. 
• Step 2: Open a demat account on Univest to learn about 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 one lot of 1600 shares worth ₹1,15,200 of Victory Electric Vehicles IPO.   
• Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for Victory Electric Vehicles IPO from more than one demat account to increase your allotment chances. 

How to Check Victory Electric Vehicles IPO Allotment Status?

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

Check On NSE

• Visit the NSE Official Website.
• Navigate to the IPO Allotment Section. 
• Select Equity as the issue type. 
• Choose Victory Electric Vehicles IPO.  
• Choose whether to proceed with the PAN number or 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 IPO allotment status.

Let’s Wrap

Victory Electric Vehicles IPO is a fixed price issue of 56.47 lakh shares worth ₹40.66 crores. The shares of Victory Electric Vehicles Limited will be listed on NSE and SME on its tentative listing date of 28th May 2025. Researching Victory Electric Vehicles IPO GMP and reviews is highly suggested to book your ideal profitability. 

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

FAQs on Victory Electric Vehicles IPO

How is Victory Electric Vehicles IPO?

Ans. Currently, on 19th May 2025, Victory Electric Vehicles IPO GMP (Grey Market Premium) stands at ₹0 (0.00 % up). It indicates that the estimated listing price could be ₹72 per share. It is entirely a fresh issue of 56.47 lakh shares worth ₹40.66 crores. The IPO issue price is set at ₹72 per share, and the face value of each share is ₹5. 

What is Victory Electric Vehicles IPO price?

Ans. Victory Electric Vehicles IPO price has been set at ₹72 per share. Retail investors can apply for a minimum and maximum of 1 lot consisting of 1600 shares worth ₹1,15,200. Moreover, HNIs are required to bid for a minimum of 2 lots (3200 shares) worth ₹2,30,400. 

Is Victory Electric Vehicles IPO good?

Ans. During FY23- 24, Victory Electric Vehicles Limited’s revenue declined by 6.48% from ₹52.14 crores in March 2023 to ₹48.76 crores in March 2024. Moreover, the company’s PAT increased by 518.98% from ₹0.79 crores to ₹4.89 crores. Investors can research more about the company fundamentals before applying for this IPO.

Who is the registrar of the Victory Electric Vehicles IPO?

Ans. Maashitla Securities Private Limited is the registrar of Victory Electric Vehicles IPO, awaiting to manage the IPO allotment procedure and refund initiation. For any queries regarding Victory Electric Vehicles IPO allotment and refund, you can contact Maashitla Securities Private Limited at https://maashitla.com/allotment-status/public-issues or +91-11-45121795-96.

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

Ans. Victory Electric Vehicles IPO is a fixed price IPO for 56.47 lakh shares worth ₹40.66 crores. It is entirely a fresh issue of 56.47 lakh shares. Moreover, the IPO is set to open on 20th May 2025 and will be closed on 23rd May 2025. 

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

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