Victory Electric Vehicles International Ltd

Initial public issue of up to 56,47,000 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. [] per equity share (Including a Premium of Rs. [] per Equity Share) (Issue Price) aggregating up to Rs. [] crores (The Issue), out of which [] equity shares of face value of Rs. 5/- each for a cash price of Rs. [] per equity share, aggregating to Rs. [] 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 [] equity shares of face value of Rs. 5/- each at an issue price of Rs. [] per equity share aggregating of Rs. [] crores (Is Hereinafter Referred to as the Net Issue). The issue and the net issue will constitute [] % and [] % respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 5/- and the issue price is [] times of the face value of the equity shares.