Victory Electric Vehicles IPO: Big shock to the company and investors, IPO could not be filled, know the reason for lower circuit

Victory Electric Vehicles IPO: Victory Electric Vehicles Company manufactures electric two-wheelers, three-wheelers and commercial vehicles. Today it was listed on NSE SME at a huge discount (Victory Electric Vehicles IPO). Its IPO also received a lukewarm response from investors, in which no reserve category was fully subscribed.

IPO Latest News Update: Shares were issued in IPO at a price of Rs 41. Today they were listed on NSE SME at Rs 34.45, which means that IPO investors not only did not get the listing gain (Victory Electric Vehicles IPO), but their capital also declined by 15.98 percent at the time of listing.

Victory Electric Vehicles IPO Update News

Victory Electric Vehicles IPO: The shock for IPO investors increased further when the share price fell further. It reached the lower circuit (Victory Electric Vehicles IPO) at Rs 32.75, which means that IPO investors are now facing a loss of 20.12%.

How will the money received from IPO be used?- Victory Electric Vehicles IPO

IPO Latest News Update: Victory Electric Vehicles’ ₹35 crore IPO was open for subscription from January 7-9. The IPO did not receive a good response from investors and was subscribed only 0.95 times overall.

Victory Electric Vehicles IPO: The portion of non-institutional investors (NII) was subscribed 0.91 times, and the reserved portion of retail investors (Victory Electric Vehicles IPO) was subscribed 0.99 times.

Victory Electric Vehicles IPO Latest Update

84.30 lakh new shares of ₹5 face value were issued in the IPO. Of the funds raised from these shares, ₹5 crore will be used for capital expenditure, ₹18 crore for working capital needs, and the remaining amount will be used for general (Victory Electric Vehicles IPO) corporate purposes.

About Victory Electric Vehicles- Victory Electric Vehicles IPO

IPO Latest Update News: Established in October 2018, Victory Electric Vehicles International Limited is engaged in design, manufacturing and distribution of electric vehicles. Its portfolio includes electric two-wheelers, three-wheelers and commercial vehicles. This company manufactures e-rickshaws, e-cargo/loader rickshaws, scooters and other similar vehicles.

Its products are sold not only in India but also internationally. Talking about the financial health of the company, it earned a net profit of ₹79 lakh in FY 2023, which increased to ₹4.89 crore in FY 2024 and further increased to ₹5.17 crore in FY 2025.

Victory Electric Vehicles IPO: However, the company’s total income fluctuated during this period, which decreased from ₹ 52.14 crore in FY 2023 to ₹ 48.76 crore in FY 2024, and then increased to ₹ 51.06 crore in FY 2025.

In the current financial year 2026, the company has already achieved a net profit of ₹1.62 crore and total income of ₹16.90 crore in the first half (April-September 2025). As of end-September 2025, the company had total debt of ₹4.85 crore, while its reserves and surplus stood at ₹8.67 crore.

Don’t forget to follow Read.Com’s WhatsApp channel.