1. Specialized EV Portfolio
Unlike standard EV players, Victory focuses on the niche commercial segment. Their portfolio includes:
- L3 & L5 Electric Vehicles: E-rickshaws and cargo loaders.
- Customized Solutions: Specialized "Food on Wheels" and ice cream vending three-wheelers.
- Speed/Power: Models ranging from 25 kmph (city-commute) to 55 kmph (high-speed cargo).
2. Financial Snapshot (FY25)
- Revenue: ₹51.06 Crore (Steady year-on-year growth).
- Profit After Tax (PAT): ₹5.17 Crore.
- Margins: Strong EBITDA margin of 15.32% and a PAT margin of 10.17%.
- Return Ratios: Impressive ROE of 42.10% and ROCE of 31.27%.
3. Strategic Use of Funds
Victory Electric has a clear roadmap for the ₹34.56 crore proceeds:
- Working Capital (₹18 Cr): To manage raw material procurement for large dealer orders.
- CapEx (₹5 Cr): To upgrade production lines and automation at their plants.
- General Corporate: Remaining for brand building and geographic expansion.
Vital IPO Statistics
- Bidding Window: Jan 7, 2026 – Jan 9, 2026
- Fixed Issue Price: ₹41 per share
- Minimum Lot Size: 6,000 shares (Retail)
- Minimum Investment: ₹2,46,000
- Allotment Date: January 12, 2026
- Listing Date: January 14, 2026 (NSE SME)
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