Victory Electric Vehicles IPO Allotment Status Online
12 Jan 2026
2 mins read
Victory Electric Vehicles International Limited has launched its Initial Public Offering (IPO) in January 2026, offering investors an opportunity to participate in the electric vehicle manufacturing sector. The Victory Electric Vehicles IPO opened for subscription on January 7, 2026, and closed on January 9, 2026, with shares expected to list on NSE SME on January 14, 2026.
The Victory Electric Vehicles IPO comprises a fresh issue of 84,30,000 equity shares at a fixed price of ₹41 per share, raising ₹34.56 crore. The face value of each share is ₹5, and the lot size is 3,000 shares, making the minimum application amount ₹2,46,000 (for 2 lots or 6,000 shares at the fixed price).
The allotment date is scheduled for January 12, 2026, and shares will be credited to Demat accounts by January 13, 2026. The registrar for the IPO is Maashitla Securities Private Limited.
Source: NSE India
How to Check Victory Electric Vehicles IPO Allotment Status on NSE
Follow these steps to check your Victory Electric Vehicles IPO allotment status on NSE:
Step 1: Visit the NSE IPO Bid Verification and Allotment Details page.
Step 2: Create an account on NSE if you haven't already. This is a one-time registration process where you'll need to provide your PAN details.
Step 3: Log in to the portal using your username and password.
Step 4: Select "Victory Electric Vehicles International Limited" from the dropdown menu of available IPOs.
Step 5: Verify that the displayed PAN number matches your records.
Step 6: Enter your IPO application number that was provided when you applied for the IPO.
Step 7: Click on the "Submit" button.
Step 8: NSE will display your bid details and allotment status in two separate boxes on the screen. If shares are allotted, you'll see the number of shares allocated to you.
Please note that the allotment data is available on NSE for up to 6-10 days after the Victory Electric Vehicles IPO closes. The bid details uploaded by your broker or bank are typically available from T+1 day, where T is the date your bid was received on the NSE platform.
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How to Check Victory Electric Vehicles IPO Allotment Status on BSE
Since Victory Electric Vehicles is listing on the NSE SME platform and not on BSE, investors cannot check the allotment status on the BSE website. The IPO is exclusively available on NSE SME, and all allotment-related information must be verified through NSE or the registrar's portal.
For this specific IPO, please use the NSE method mentioned above or check directly on the registrar's website at Maashitla Securities Private Limited.
Note: Victory Electric Vehicles IPO is an NSE SME listing only.
Allocation Quota for Victory Electric Vehicles IPO
The IPO Victory Electric Vehicles follows SEBI's allocation guidelines for SME IPOs, which ensure fair distribution of shares across different investor categories. Understanding the allocation quota helps investors assess their chances of receiving shares based on the category they fall under.
The total issue size of 84,30,000 shares in IPO of Victory Electric Vehicles is divided among various investor categories as follows:
Investor Category | Number of Shares | Percentage Allocation |
| Qualified Institutional Buyers (QIB) | 0 | 0% |
| Non-Institutional Investors (NII/HNI) | 40,02,000 | 50% |
| Retail Individual Investors (RII) | 40,05,000 | 50% |
| Total | 84,30,000 | 100% |
Source: NSE India
About Victory Electric Vehicles
Founded in October 2018, Victory Electric Vehicles International Limited is involved in the electric vehicle manufacturing sector, producing eco-friendly mobility solutions for the Indian market. The line of products includes electric scooters, electric bikes, electric tricycles, e-rickshaws, e-cargo/loader e-rickshaws, and specially made electric vehicles for business purposes such as food delivery and vending. The company has a presence in 12 states including the likes of Uttar Pradesh, Rajasthan, Haryana, Bihar, Madhya Pradesh, Jharkhand, Delhi, Chandigarh, Uttarakhand, Jammu & Kashmir, Gujarat, and Maharashtra, thus enabling the cities and towns to get an eco-friendly transport option.
What Happens After Allotment
Once the Victory Electric Vehicles IPO allotment is finalised, several important steps follow:
- Shares are credited to the Demat account of successful applicants
- Refunds are initiated for investors who did not receive allotment
- Partial refunds are processed in case of partial allotment
- Shares become visible in the Demat account before listing
- Trading begins on the listing date as per exchange timelines
Overall, this process is structured to be smooth and reliable for investors.
