Victory Electric Vehicles: An Analysis

Victory Electric Vehicles, a company making electric vehicles like rickshaws and scooters, had its stock trading on the NSE. The stock price was lower than when it was first offered to the public. This means investors bought the stock for Rs 41 but were now selling it for less.

Key Points

• Stock price is 20% below IPO price of Rs 41.
• Shares traded hands 48,000 times during the listing day.
• Promoter ownership reduced significantly after the IPO launch.
• The company uses IPO funds for expansion and operations.
• Victory Electric Vehicles produces diverse electric vehicle models.
• Revenue reached Rs 16.81 crore, net profit Rs 1.62 crore.

Initial Trading and Price

When Victory Electric Vehicles first started trading, the stock price was Rs 32.75. This is 20.12% lower than the price the company initially sold its shares for – Rs 41. The stock also opened at Rs 34.45, which is 15.98% below the IPO price.

Trading Activity

A lot of shares were traded! About 48,000 shares changed hands on the day the stock started trading. The stock went from a high of Rs 34.45 to a low of Rs 32.75. This means investors were buying and selling quickly.

IPO Details

The IPO, or Initial Public Offering, happened in January 2026. The company sold 84.3 million shares to raise money. The IPO price was set at Rs 41 per share.

Ownership Changes

After the IPO, the people who started the company no longer own as much of the company. They used to own 97.41% of the company, but now they own 63.33%. This is because they sold some shares to the public.

How the Money is Being Used

The money raised from the IPO will be used to help the company grow. They plan to spend it on building new factories, paying for daily operations, and other general business costs.

What the Company Does

Victory Electric Vehicles makes electric vehicles like rickshaws, scooters, and even customized three-wheelers. They focus on vehicles used for things like delivering food and ice cream. As of September 30, 2025, they had 110 employees.

Financial Performance

In the period ending September 30, 2025, the company made Rs 16.81 crore in sales and earned Rs 1.62 crore in profit. These are important numbers that show how well the company is doing.

Investors should carefully consider the initial price drop before investing in Victory Electric Vehicles.