The electric vehicle (EV) sector continues to gain strong investor interest in India, and SME IPOs linked to this space are drawing growing attention. One such upcoming issue is the Victory Electric Vehicles International IPO GMP, which is set to open in January 2026. With rising demand for sustainable mobility solutions, investors are closely tracking this IPO for both listing gains and long-term growth potential.
In this article, we provide a complete and easy-to-understand analysis of the Victory Electric Vehicles International IPO, covering issue details, price, dates, lot size, investment requirements, and key points investors should know before applying.
Victory Electric Vehicles International IPO Overview
Victory Electric Vehicles International IPO is a fixed price issue with a total issue size of ₹34.56 crore. The IPO is entirely a fresh issue, meaning the company will use the full proceeds to support business expansion, operational growth, and future opportunities.
Key IPO Details at a Glance
IPO Size: ₹34.56 crore
Fresh Issue: 0.84 crore shares
Issue Type: Fixed Price Issue
Listing Platform: NSE SME
Victory Electric Vehicles IPO Dates
Here are the important dates investors should keep in mind:
IPO Open Date: January 7, 2026
IPO Close Date: January 9, 2026
Allotment Date: January 12, 2026 (Expected)
Listing Date: January 14, 2026 (Tentative)
Exchange: NSE SME
These dates are crucial for tracking subscription status and planning your application strategy.
Victory Electric Vehicles IPO Price & Lot Size
The IPO is offered at a fixed price of ₹41 per share, which simplifies the bidding process for investors.
Investment Details
Issue Price: ₹41 per share
Lot Size: 3,000 shares
Minimum Investment Amount
Retail Investors
Minimum application: 2 lots (6,000 shares)
Investment required: ₹2,46,000
HNI Investors
Minimum application: 3 lots (9,000 shares)
Investment required: ₹3,69,000
Due to the relatively higher minimum investment amount, this IPO is more suitable for investors who are comfortable with SME IPO risk and capital requirements.
About Victory Electric Vehicles International Limited
Victory Electric Vehicles International Limited operates in the electric mobility segment, focusing on electric vehicle manufacturing and related solutions. As India continues to promote EV adoption through policy support and rising fuel costs, companies in this space are positioned to benefit from long-term structural growth.
Since the IPO is a 100% fresh issue, the funds raised will be used to:
Strengthen working capital
Support business expansion
Improve operational efficiency
Key Strengths of Victory Electric Vehicles International IPO
✅ EV Sector Exposure – Operates in a high-growth industry
✅ 100% Fresh Issue – No offer for sale
✅ SME Growth Opportunity – Early-stage participation
✅ Listing on NSE SME – Better visibility among SME investors
Risks Investors Should Consider
While the EV theme is attractive, SME IPOs come with certain risks:
⚠️ High volatility after listing
⚠️ Lower liquidity compared to mainboard stocks
⚠️ Business scalability and execution risks
Investors should evaluate their risk appetite and investment horizon before applying.
Who Should Consider Victory Electric Vehicles International IPO?
This IPO may be suitable for investors who:
Understand SME IPO dynamics
Are bullish on the electric vehicle sector
Can handle short-term price volatility
Long-term investors may prefer to track post-listing performance before taking exposure.
Victory Electric Vehicles International IPO – Summary Table
Final Thoughts on Victory Electric Vehicles International IPO
The Victory Electric Vehicles International IPO GMP offers investors a chance to participate in India’s growing electric mobility ecosystem through the SME platform. While the sector outlook remains positive, investors should balance growth potential with SME-specific risks.
For latest IPO updates, SME IPO analysis, and upcoming IPO details, stay connected with Finowings — your trusted source for IPO and stock market insights.
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