Victory Electric Vehicles IPO GMP today is Rs -6.55. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
VICTORYELECTRICVEHICLES
Victory Electric Vehicles IPO GMP, Subscription & Allotment Status Today
Victory Electric Vehicles’ ₹35 crore fixed-price IPO is open from January 7 to January 9, 2026, at ₹41 per share, with listing on the NSE SME platform scheduled for January 14. The company reported a profit of ₹5.17 crores on revenue of ₹51.06 crores in FY25, and though listing gains may be muted according to current sentiment, analysts suggest a long-term investment view.
- Price Band
- ₹41.00 - ₹41.00
- Lot Size
- 3,000 Shares
- Bidding Closes
- 09 Jan 2026
- Listing Date
- 14 Jan 2026
Current GMP Status
₹-6.55
-15.98% vs upper band
Est. Listing Gain
-15.98%
Last Trend
13 Jan 2026
Listing Price
₹34.45
Retail Entry
₹2,46,000
IPO Details
Complete IPO information
| Current GMP | ₹-6.55 |
|---|---|
| Estimated Listing Gain | -15.98% |
| Price Band | ₹41.00 - ₹41.00 |
| Issue Price | Approx ₹41.00 Crores |
| Listing Price | ₹34.45 |
| Lot Size | 3,000 Shares |
| Issue Type | SME |
| Registrar | TBA |
| Exchange | NSE, BSE |
| Retail Quota | 47% |
| Overall Subscription | TBA |
| Listing Date | 14 Jan 2026 |
| Minimum Investment | ₹2,46,000 |
Head-to-head
Compare Victory Electric Vehicles IPO with similar IPOs
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Victory Electric Vehicles is priced at ₹41 per share. With a minimum lot size of 3,000 shares, a retail investor applying for one lot would need approximately ₹2,46,000 to participate in this SME issue.
The latest recorded Grey Market Premium for Victory Electric Vehicles stands at ₹-6.55, implying an estimated listing gain of around -15.98% over the issue price if it holds until listing. This is down ₹2 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
07 Jan 2026
✓
Bidding Closes
09 Jan 2026
✓
Allotment
12 Jan 2026
✓
Listing
14 Jan 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 13 Jan 2026 | ₹0.00 | -₹2.00 | 0.00% |
| 08 Jan 2026 | ₹2.00 | +₹2.00 | 4.88% |
| 07 Jan 2026 | ₹0.00 | - | 0.00% |
| 06 Jan 2026 | ₹0.00 | - | 0.00% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 6,000 | ₹2,46,000 |
| Retail Maximum | 2 Lot | 6,000 | ₹2,46,000 |
| S-HNI Minimum | 3 Lot | 9,000 | ₹3,69,000 |
| S-HNI Maximum | 8 Lot | 24,000 | ₹9,84,000 |
| B-HNI Minimum | 9 Lot | 27,000 | ₹11,07,000 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
Victory Electric Vehicles IPO Details
| IPO Open Date | January 7, 2026 |
| IPO Close Date | January 9, 2026 |
| Face Value | ₹5 Per Equity Share |
| IPO Price | ₹41 Per Share |
| Issue Size | Approx ₹35 Crores |
| Fresh Issue | Approx ₹35 Crores |
| Issue Type | Fixed Price Issue |
| IPO Listing | NSE SME |
Analysis
Victory Electric Vehicles IPO Market Lot
| Minimum Market Lot | 6,000 Shares |
| Application Amount | ₹2,46,000 |
Victory Electric Vehicles IPO – Lot Size Details
| Retail Minimum | 6,000 Shares – ₹2,46,000 |
| Retail Maximum | 6,000 Shares – ₹2,46,000 |
| S-HNI Minimum | 9,000 Shares – ₹3,69,000 |
| S-HNI Maximum | – |
| B-HNI Minimum | – |
Analysis
Victory Electric Vehicles IPO Dates
| 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 |
Analysis
Promoters of Victory Electric Vehicles IPO
| Promoters | Sanjay Kumar Popli, Seema Popli, Palak Popli |
| Promoter Holding (Pre Issue) | 1,56,60,000 Shares (97.41%) |
| Promoter Holding (Post Issue) | 2,40,90,000 Shares (63.33%) |
Analysis
Objects of the Issue & Utilisation of proceeds
| Purpose | Amount (₹ in Crores) |
|---|---|
| Capital Expenditure | ₹5.00 |
| Working Capital Requirement | ₹18.00 |
| General Corporate Purposes | ₹6.78 |
Analysis
Victory Electric Vehicles IPO Company Financial Report
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 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 |
Analysis
Victory Electric Vehicles IPO Valuation – FY2025
| Return on Equity (ROE) | 42.10% |
| Return on Capital Employed (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 |
Analysis
Peer Group Comparison
| Company | EPS | P/E Ratio | RoNW (%) | NAV | Income |
|---|---|---|---|---|---|
| Wardwizard Innovations & Mobility Limited | 0.26 | 32.58 | 6.50% | ₹4.08 | – |
| Tunwal E-Motors Limited | 2.32 | 15.32 | 19.26% | ₹20.09 | – |
FAQ
Victory Electric Vehicles IPO FAQs
Victory Electric Vehicles IPO price band is Rs 41.00 to Rs 41.00. Check the latest issue price, lot size and GMP together before applying.
Victory Electric Vehicles IPO open date is 07 Jan 2026, close date is 09 Jan 2026, and listing date is 14 Jan 2026.
Victory Electric Vehicles IPO lot size is 3,000 shares. The minimum retail investment is Rs 2,46,000.
Victory Electric Vehicles is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Victory Electric Vehicles IPO subscription status currently shows Subscription data is currently awaited.
Victory Electric Vehicles’ ₹35 crore fixed-price IPO is open from January 7 to January 9, 2026, at ₹41 per share, with listing on the NSE SME platform scheduled for January 14. The company reported a profit of ₹5.17 crores on revenue of ₹51.06 crores in FY25, and though listing gains may be muted according to current sentiment, analysts suggest a long-term investment view.
Victory Electric Vehicles IPO issue size is TBA and the expected allotment date is 12 Jan 2026.
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