Victory Electric Vehicles IPO is a fixed price SME issue of ₹34.56 crore, comprising 84.3 lakh fresh equity shares at ₹41 per share on the NSE SME platform. The subscription window opens from January 7 to 9, 2026, with listing expected on January 14, 2026. The minimum lot size is 3,000 shares, requiring a retail investment of ₹2,46,000. The Victory Electric Vehicles IPO proceeds will support capital expenditure, working capital, and general corporate purposes, positioning investors to benefit from the sector’s strong growth and supportive policy environment.
₹00
₹41
₹34.45
Expert Opinions
Victory Electric Vehicles IPO reflects a positive market sentiment in 2026, driven by the growing demand for sustainable mobility and the company’s expanding product range in the electric vehicle segment. The company’s strengths include advanced lithium-ion battery technology, efficient electric drivetrains, and a strong presence across 12 Indian states, backed by an experienced leadership team. However, risks remain, such as concentrated client dependency, potential supply chain disruptions, and regulatory compliance challenges in the environmentally sensitive EV sector.
For the financial year 2025, Victory Electric Vehicles IPO demonstrates strong profitability with a Return on Equity (ROE) of 42.10%, Return on Capital Employed (ROCE) of 31.27%, and an EBITDA Margin of 15.32%, indicating efficient capital utilization and operational strength. From a long-term investment perspective, the company is well-positioned to capitalize on India’s EV growth trajectory, provided it manages risks and sustains innovation and market expansion.
Investor Considerations
Victory Electric Vehicles IPO presents robust company performance and strong fundamentals, marked by consistent revenue growth and a healthy balance sheet. The sector outlook remains highly positive, with India’s electric vehicle market expected to grow at a CAGR of 66.52% through 2029, offering significant expansion potential for the company. For the financial year 2025, Victory Electric Vehicles IPO is valued at a Price to Book Value of 4.32, with a PAT Margin of 10.17% and a Debt/Equity ratio of 0.62, reflecting efficient profitability and prudent leverage management.
Growth prospects are bright due to increasing demand for sustainable mobility and the company’s focus on innovative, customized EV solutions. However, risk factors such as market competition, supply chain volatility, and regulatory changes need careful monitoring. Investors should align their goals: short-term investors may seek quick gains from sector momentum, while long-term investors can benefit from sustained EV adoption and the company’s strategic expansion.
| Date | GMP | Trend |
|---|---|---|
| 09 Jan 2026 20.40 | ₹00 | --- |
| 08 Jan 2026 20.06 | ₹00 | --- |
| 07 Jan 2026 20.28 | ₹00 | --- |
| 05 Jan 2026 19.17 | ₹00 | --- |
| 02 Jan 2026 20.02 | ₹00 | --- |
| 01 Jan 2026 21.13 | ₹00 | --- |
FAQs
The Grey Market Premium showed poor accuracy in predicting Victory Electric Vehicles IPO’s listing performance. With a final GMP of ₹0, it indicated a 0% premium over the issue price of ₹41. However, the stock listed at ₹34.45, delivering a loss of about 16%. This resulted in a large prediction error of nearly 16%, where the GMP incorrectly signaled a neutral listing and failed to capture the negative debut, reflecting poor reliability in this case.
Victory Electric Vehicles IPO Current GMP is ₹00.
Victory Electric Vehicles IPO Expected Returns is 0.00%.
Victory Electric Vehicles IPO estimated listing price is ₹41.