| Initial public issue of up to 84,30,000 equity shares of face value of Rs. 5/- each ( the"Equity Shares") of Victory Electric Vehicles International Limited("the Company" or the "Issuer") for cash at a price of Rs. 41/- per equity share (Including a Premium of Rs. 36/- per equity share) ("Issue Price") Aggregating up to Rs. 34.56 crores ("the Issue'), out of which 4,23,000 equity shares of face value of Rs. 5/- each for a cash price of Rs. 41/- per equity share, aggregating to Rs. 1.73 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. Issue of 80,07,000 equity shares of face value of Rs. 5/- each at an issue price of Rs. 41/- per equity share aggregating of Rs.32.83 crores (is hereinafter referred to as the"Net Issue"). The issue and the net issue will constitute 35.00% and 33.24% respectively of the post issue paid up equity share capital of the company.
Issue Price: Rs. 41/- per equity share of face value of Rs. 5/- each.
The issue price is 8.20 times of the face value.
Bids can be made for a minimum of 6,000 equity shares and in multiples of 3,000 equity shares thereafter.
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