Victory Electric Vehicles Ipo
Victory Electric Vehicles IPO Review & Key Points
Review:
IPO Lead Managers aka Merchant Bankers
Corpwis Advisors Private Limited
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 6,000 | ₹2,46,000 |
| Retail Maximum | 2 | 6,000 | ₹2,46,000 |
| S-HNI Minimum | 3 | 9,000 | ₹3,69,000 |
| S-HNI Maximum | – | – | ₹- |
| B-HNI Minimum | – | – | ₹- |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | -% |
| NII Shares Offered | 40,02,000 Shares | 47.47% |
| Retail Shares Offered | 40,05,000 Shares | 47.51% |
| IPO Open Date: | January 7, 2026 |
| IPO Close Date: | January 9, 2026 |
| Basis of Allotment: | January 12, 2026 |
| Refunds: | January 13, 2026 |
| Credit to Demat Account: | January 13, 2026 |
| IPO Listing Date: | January 14, 2026 |
| IPO Bidding Cut-off Time: | January 9, 2026- 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,56,60,000 | 97.41% |
| Promoter Holding Post Issue | 2,40,90,000 | 63.33% |
| Purpose | Crores |
| Capital Expenditure | ₹5.00 |
| Working Capital Requirement | ₹18.00 |
| General Corporate Purposes | ₹6.78 |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹52.14 | ₹51.04 | ₹0.79 | ₹19.17 |
| 2024 | ₹48.76 | ₹42.19 | ₹4.89 | ₹21.94 |
| 2025 | ₹51.06 | ₹44.05 | ₹5.17 | ₹31.29 |
| September 2025 | ₹16.90 | ₹14.73 | ₹1.62 | ₹33.19 |
| KPI | Values |
| ROE: | 42.10% |
| ROCE: | 31.27% |
| EBITDA Margin: | 15.32% |
| PAT Margin: | 10.17% |
| Debt to equity ratio: | 0.62 |
| Earning Per Share (EPS): | ₹3.30 (Basic) |
| Price/Earning P/E Ratio: | 12.42 |
| Return on Net Worth (RoNW): | 42.11% |
| Net Asset Value (NAV): | ₹9.50 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Wardwizard Innovations & Mobilitity Limited | 0.26 | 32.58 | 6.50% | 4.08 | – Cr. |
| Tunwal E-Motors Limited | 2.32 | 15.32 | 19.26% | 20.09 | – Cr. |
| IPO Open Date: | January 7, 2026 |
| IPO Close Date: | January 9, 2026 |
| Face Value: | ₹5 Per Equity Share |
| IPO Price Band: | ₹41 Per Share |
| Issue Size: | Approx ₹35 Crores |
| Fresh Issue: | Approx ₹35 Crores |
| Issue Type: | Fixed Price Issue |
| IPO Listing: | NSE SME |
| DRHP Draft Prospectus: | |
| RHP Draft Prospectus: |