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₹41 - 41
Victory Electric Vehicles International Ltd
AutomobileIPOSME
₹41 - 41
The Company is in the business of manufacturing Electric Vehicles which includes Electric Rickshaws, Passenger Rickshaws, E-Loaders, Cargo Rickshaws and Electric Scooters. Its portfolio extends beyond conventional offerings to include customized E-Three Wheelers, catering to specific needs such as Food Three Wheelers and Ice Cream Three Wheelers.
Lot3,000Min Invest₹2,46,000Face Value₹5Issue Size₹35 CrFresh Issue₹35 CrListing Price₹34CMP₹12
Timeline
7 Jan
Bidding opens
9 Jan
Bidding closes
12 Jan
Allotment
13 Jan
Refund & demat credit
14 Jan
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹35 Cr0.84 Cr shares
Fresh Issue₹35 Cr
Face Value₹5
Lot Size3,000 shares
ReservationNII 49.98% · RETAIL 50.02%
Application Sizes
Retail₹2,46,0001-1 lots
sNII₹2,46,000from 2 lots
bNII₹11,07,000from 9 lots
Managers & Registrar
Lead ManagerCorpwis Advisors Pvt Ltd
RegistrarMaashitla Securities Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group97.41%63.33%Public2.59%36.67%
Objects of the Issue
- Capital Expenditure
- Working Capital Requirement
- General Corporate Purposes
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 47 | 52 | 48 | 51 | 32 |
| Operating ProfitCr | 1 | 2 | 7 | 8 | 4 |
| OPM% | 2.6 | 3.5 | 14.5 | 15.8 | 12.0 |
| PBTCr | 1 | 1 | 7 | 7 | 3 |
| PATCr | 1 | 1 | 5 | 5 | 2 |
| EPS | 5 | 4 | 19 | 3 | 2 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 1 | 2 | 3 | 8 | 12 |
| ReservesCr | 1 | 2 | 7 | 7 | 35 |
| BorrowingsCr | 8 | 6 | 5 | 9 | 2 |
| Fixed AssetsCr | - | - | - | 2 | - |
| Total AssetsCr | 21 | 19 | 22 | 31 | 55 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 3 | 3 | 2 | -3 | -14 |
| Investing Cash FlowCr | -1 | -1 | -1 | -1 | 1 |
| Financing Cash FlowCr | -1 | -2 | -1 | 4 | 23 |
| Net Cash FlowCr | 0 | 0 | 0 | 0 | 9 |
Strengths & Risks
Strengths · as stated in the DRHP
- Geographical presence in 12 states with dealers in all 12 states.
- Experienced Leadership Backed by a Skilled Professional Team.
- Robust Financial Performance: Maintaining Profitability through COVID-19 Challenges.
Strategies · as stated in the DRHP
- Increase and Strengthen Manufacturing Capacity.
- Geographical Expansion.
- Expand the product portfolio.
- Open warehouses at different locations to decrease Delivery time for small dealers.
- Building Charging Infrastructure.
Risks · as stated in the DRHP
- Its success depends on the company ability to successfully develop, introduce, manufacture, market and deliver new electric vehicle models of high quality on schedule and on a large scale, which may expose it to new and increased challenges and risks.
- If the company electric vehicles contain defects, does not perform as per industry standards and/or fail to meet the performance levels advertised, its brand and reputation and the company ability to develop, market and sell its electric vehicles could be adversely impacted, and its may be compelled to undertake product recalls or similar corrective actions and have legal actions taken against the company.
- The company depends on third parties for the supply of raw materials and does not have firm commitments for supply or exclusive arrangements with any of its suppliers. Loss of suppliers may have an adverse effect on its business, results of operations and financial condition.
- If the company is not able to provide regular repair services, attract and retain customers, its business, prospects, financial condition, results of operations, and cash flows would be materially harmed.
- The Company, its Promoters and its Directors have pending litigations against them. Any adverse order on such pending litigations may adversely impact its business operations and financial statements.
- The company receives customer complaints related to its product. There are pending unresolved customer complaints as on December 31, 2024.