Victory Electric Vehicles International Ltd IPO
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Victory Electric Vehicles International Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 56.47 L | TBA | TBA | ₹ 152.56 L | DBC | TBA |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| TBA | TBA | 1600 | TBA | Fixed Price - SME | TBA |
Victory Electric Vehicles International Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Automobiles - Motorcycles |
| Sub Sector | Mopeds |
| Issue Type | Fixed Price - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 0x | 0 | 0 |
| Retail | 0x | 0 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 5647000 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Victory Electric Vehicles International Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 6.85 | 1.42 | 1.17 |
| EBITDA | 7.13 | 1.75 | 1.43 |
| PAT | 4.89 | 0.79 | 0.65 |
| Total Assets | 20.21 | 16.82 | 18.34 |
| Share Capital | 2.61 | 2.04 | 1.37 |
| Total Borrowings | 11.20 | 13.08 | 10.84 |
| Operating Activities (Net Cash) | 5.17 | 1.12 | 0.91 |
| Investing Activities (Net Cash) | -0.18 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 11.20 | 13.08 | 10.84 |
| Net Cashflow | 0.45 | 0.03 | 0.49 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Victory Electric Vehicles International Ltd
Our Company was incorporated as `Victory Electric Vehicles International Private Limited' a private limited company, under the Companies Act, 2013, pursuant to a certificate of incorporation dated October 26, 2018 issued by the ROC, Central Registration Centre. Subsequently, our Company was converted into a public limited company pursuant to a special resolution passed by our shareholders in the extra ordinary general meeting held on February 10,2020 and the name of our Company was changed to `Victory Electric Vehicles International Limited' and a fresh Certificate of Incorporation dated February 28, 2020 was issued to our Company by the Registrar of Companies, Delhi.
Our Company operates in electric vehicle industry. India's electric vehicle (EV) sector is experiencing rapid growth, fuelled by government incentives, rising environmental concerns, and technological advancements. With initiatives like the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, India aims to significantly increase EV adoption, revolutionizing its transportation landscape towards sustainability and innovation. In 2023, the global electric vehicle market was valued at US$ 255.54 billion. It is forecasted to reach approximately US$ 2,108.80 billion by 2033, growing at a significant CAGR of 23.42% from 2024 to 2033. According to Fortune Business Insights, the Indian EV market is forecasted to expand from US$ 3.21 billion in 2022 to US$ 113.99 billion by 2029, with a 66.52% CAGR. In 2023, electric vehicle sales in India surged by 49.25%, reaching 1.52 million units. India has established an objective to increase the proportion of electric vehicle (EV) sales to 30% in private cars, 70% in commercial vehicles, 40% in buses, and 80% in two-wheelers and three-wheelers by the year 2030. This equates to an ambitious objective of 80 million EVs on Indian roads by 2030 as per the estimates of CII. The global move towards electric vehicles is generating new opportunities for automotive suppliers. The Indian EV battery market is projected to surge from US$ 16.77 billion in 2023 to a remarkable US$ 27.70 billion by 2028.
We are in the business of manufacturing Electric Vehicles which includes Electric Rickshaws, Passenger Rickshaws, E-Loaders, Cargo Rickshaws and Electric Scooters. Our 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.
Victory Electric Vehicles International Ltd IPO Key Points
Strengths
- 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.
Risk
- 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.
Strategy
- 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.
- 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.
How To Apply for Victory Electric Vehicles International Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
