Victory Electric Vehicles International Limited
Promoters SANJAY KUMAR POPLI · SEEMA · PALAK POPLY
Against an issue price of ₹41. Split- and bonus-adjusted official closes — a past move, never a forecast.
Victory Electric Vehicles International Limited raised ₹40 crore through a SME-platform initial public offer.
The filing places it in Automobiles and names three promoters: SANJAY KUMAR POPLI, SEEMA and PALAK POPLY.
The book was open from 7 January 2026 to 9 January 2026.
The issue was priced at ₹41 a share.
The whole offer is a fresh issue of shares — ₹35 crore raised by the company itself.
The issuer reported the offer subscribed 3.00 times the shares on offer. That is its own final figure, filed with the exchange after the book closed — not a reading we took while bidding was open.
The shares listed on 14 January 2026.
The last official close on file is ₹14.20 (21 September 2026), which is 65.4% below the issue price.
It now trades as VICTORYEV, and its filed financials are on its company page.
Shares sold in the issue at ₹41 last closed at ₹14.2.
See VICTORYEV’s filed financials and price history →Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.
No offer-for-sale leg — every share in this offer is newly issued, so the whole amount raised goes to the company.
- How it was priced
- Fixed price — the price was set in advance, with no band to bid inside
- Listing sought at
- NSE
- Designated exchange
- NSE
- Discount
- None offered
- Registered office
- Northern India
- Company website
- WWW.VICTORYEVINDIA.COM
- Registrar
- Other RTA
- Lead manager
- Other LM / BRLM
- Bidding opens7 Jan 2026
- Bidding closes9 Jan 2026
- Basis of allotmentnot published
Not published in the exchange feeds we ingest — we do not estimate it.
- Listing14 Jan 2026
This is the issuer’s own final figure, filed with the exchange once bidding had closed — not a reading we took while the book was open. The exchange publishes only a running cumulative figure and no history, so for an issue nobody polled live this filing is the only account of the book that exists. It covers the whole offer and carries no breakdown by category and no timestamp.
- Non-institutional investors43.3%36,48,000 sh
- Retail individual investors47.8%40,26,000 sh
- Market maker5.0%4,23,000 sh
- Other4.0%3,33,000 sh
No part of the offer was set aside for anchor investors, qualified institutional buyers or reserved portion.
The portion of the offer set aside for each category before bidding opened, as the issuer filed it. The anchor allocation is filed as its own line rather than inside the institutional one, so these add up to the whole offer. Shares as filed; the percentages are computed against the offer's own share count.
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
We have not extracted an anchor allotment list for this issue.
- All other pre-issue capitalSEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment14 Jul 2026already free
- Promoters' minimum contributionSEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment14 Jul 2027whole tranche releases on this date
Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.
Every offer document must set out the reasoning behind its own price: what the company earned in the years before it came to market, and what multiple of those earnings it is asking for. This is that chapter — the issuer’s argument for its price, not our assessment of it.
Figures as printed in the offer document's "Basis for Offer Price" chapter. A record of the case the issuer made for its own price, not our valuation of it.
Everything we extracted from this issue's offer document is the pricing justification rather than the restated statements — it is shown under how the offer was priced. The restated financial statements themselves have not been extracted for this issue.
We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.
The offer document must name the listed companies the issuer considers comparable, and print their valuation figures beside its own. This is that list — the issuer’s choice of comparison, not ours.
| Company | P/E | P/B | RoNW | EPS | Income |
|---|---|---|---|---|---|
| Tunwal E-Motors Limited | 15.3 | — | — | — | — |
| Wardwizard Innovations & Mobilitity Limitednot in our universe | 32.6 | — | — | — | — |
Figures as PRINTED by the issuer in its own offer document. The comparison set is the issuer's choice, not ours.
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Other RTA 2023 – 2026 | 46 0 measurable | — | — | 0 of 1 | 1 of 4 |
A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.
- Prospectus· PDF · exchange archive1 Jan 2026
- Draft red herring prospectus (DRHP)· ZIP · exchange archive29 Nov 2024
- Financial ratios advertisement· ZIP · exchange archive
- In-principle approval (XBRL)· XML · exchange archive
- Listing filing (XBRL)· XML · exchange archive
Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.
Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.