India’s growing electric vehicle market is set to welcome a new player to the stock market.
Victory Electric Vehicles Limited (VEVIL) is launching its initial public offering (IPO) from January 7 to January 9, 2026, with a price band of Rs 41 per share.
The company focuses on affordable, clean, and sustainable transportation, manufacturing electric three-wheelers and two-wheelers for passengers and goods.
About Victory Electric Vehicles
Victory Electric Vehicles offers a diverse range of products, including:
L3 electric rickshaw and L5 electric auto
Electric cargo vehicles, loaders, and scooters
Customized vehicles like food carts, ice cream vans, and garbage trucks
This customization helps the company stand out in a price-sensitive market.
The company has a manufacturing capacity of 6,000 electric vehicles annually and a strong distribution network across northern and central India.
Its business model is mainly B2B, and the company has remained profitable despite market fluctuations.
As of September 30, 2025, VEVIL employed 110 permanent staff.
IPO Details and Listing
Fresh Issue: 84.30 lakh shares
Price per Share: Rs 41
Total IPO Size: Approx. Rs 34.56 crore
Retail Allocation: 50% reserved for retail investors
Minimum Investment: 6,000 shares (approx. Rs 2.46 lakh)
Listing Date: January 14, 2026, on NSE’s SME platform – NSE Emerge
This IPO provides a key opportunity for investors looking to participate in India’s fast-growing electric vehicle sector.
Why This IPO Matters
With India pushing for cleaner mobility, Victory Electric Vehicles is well-positioned in the last-mile mobility segment.
The company’s range of electric vehicles and focus on B2B solutions makes it an attractive option for investors looking to tap into the EV growth story.
