Incorporated in October 2018, Victory Electric Vehicles International Limited designs, manufactures, and distributes electric vehicles.
The company provides sustainable and eco-friendly mobility solutions by offering 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 customized E-Three Wheelers, catering to specific needs such as Food Three Wheelers and Ice Cream Three Wheelers etc.
The company integrates advanced technologies into its vehicles, such as lithium-ion battery systems, efficient electric drivetrains, and smart 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.
As of June 30, 2024, the company had 110 permanent employees.
Competitive Strength:
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 37.55 | 21.94 | 19.17 | 20.82 |
| Revenue | 39.68 | 48.76 | 52.14 | 48.14 |
| Profit After Tax | 3.89 | 4.89 | 0.79 | 0.65 |
| Net Worth | 13.59 | 9.70 | 4.24 | 2.78 |
| Reserves and Surplus | 5.76 | 7.09 | 2.20 | 1.41 |
| Total Borrowing | 9.12 | 5.30 | 6.21 | 7.80 |
| Amount in ₹ Crore | ||||
The market capitalization of Victory Electric Vehicles IPO is Rs 153.41 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 70.19% |
| ROCE | 44.78% |
| Debt/Equity | 0.55 |
| RoNW | 70.19% |
| PAT Margin | 10.10 |
| Price to Book Value | 1.94 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.12 | 2.44 |
| P/E (x) | 23.05 | 29.57 |
The Company Victory Electric Vehicles IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Capital Expenditure | 50.00 |
| 2 | Working Capital Requirement | 220.00 |
| 3 | General Corporate Purposes | 75.43 |
| IPO Date | May 20, 2025 to May 23, 2025 |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Issue Price | ₹72 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 56,47,000 shares (aggregating up to ₹40.66 Cr) |
| Fresh Issue | 56,47,000 shares (aggregating up to ₹40.66 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,56,60,000 shares |
| Share Holding Post Issue | 2,13,07,000 shares |
| Market Maker Portion | 2,83,800 shares |
The promoters of the company Sanjay Kumar Popli, Seema and Palak Poply.
| Share Holding Pre Issue | 97.41% |
| Share Holding Post Issue | 71.60% |
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As per our analysis and Based on the information we have, this is the output.
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