TL;DR
Victory Electric Vehicles International's IPO opens on January 7, 2026, to raise ₹34.56 Crore for expanding its electric three-wheeler manufacturing and market presence in India.
Victory Electric Vehicles International Limited, a prominent manufacturer in India's electric three-wheeler segment, has announced the opening of its Initial Public Offering (IPO) on January 7, 2026. The IPO has a proposed issue size of ₹34.56 Crore, with shares set to be listed on the NSE Emerge. The company specializes in manufacturing L5 electric three-wheelers, L3 E-Rickshaws, E-Cargo/Loaders, and electric scooters, catering to both passenger and cargo segments.
The net proceeds from the IPO are earmarked for capital expenditure, meeting working capital requirements, and general corporate purposes, which will support the company's plans to strengthen capacity and expand its market reach. The issue will remain open for public subscription until January 9, 2026. Victory Electric Vehicles has established a strong foundation with ICAT-certified L5 models, a diversified product portfolio, and a growing dealer network across 12 states in India, positioning it for sustainable growth in the rapidly evolving electric mobility ecosystem.
