Victura Group hires Rothschild for IPO that could raise $300-400M, joining a busy year for Indian auto component listings. Revenue rose 13% to ₹3,285 crore in FY25.
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Victura Group, an auto components manufacturer based in Faridabad, has appointed Rothschild as an independent adviser for its planned public listing, which could raise $300 million to $400 million, two people familiar with the matter told Mint.
Rothschild has been brought in to oversee the listing process, one of the people said, asking not to be identified because the talks are private. Victura has held preliminary discussions with merchant bankers and expects to make formal appointments over the coming months. A potential listing could come later next year.
The offering will likely combine a primary capital raise with a secondary sale by existing shareholders, the second person said. Proceeds would go toward expanding operations, and the Banga family, which founded the company in 1972, plans to trim some of its holdings.
Victura manufactures sheet metal components, automotive seat frames, exhaust system parts, stampings, forged components and CNC-machined parts. It started with a single plant in Faridabad and now operates in five Indian states and 10 warehousing centres across the U.S., Mexico, the Czech Republic, South Africa and Europe, according to its website.
Its client list includes Maruti Suzuki India, Tata Motors, Mahindra & Mahindra, JCB Group, International Tractors Ltd., FCC Group, Plastic Omnium Auto Energy (export market), Adient India and Rane NSK, per a Crisil report from last month. The company competes with larger component makers such as Uno Minda, Motherson Group, Varroc Engineering, JBM Group and Indo Autotech.
In the fiscal year ended March 2025, Victura reported operating revenue of ₹3,284.95 crore, up about 13% from ₹2,900 crore in the prior year. Net profit rose to ₹278.85 crore from ₹250.84 crore, according to documents sourced by Tofler from the corporate affairs ministry.
The IPO would add to a growing wave of auto component listings in India this year. Hero Motors and Dhoot Transmission have already gone public, and Bain Capital-backed RSB Transmissions has kicked off its own process, Mint reported earlier. Victura's planned listing comes as domestic auto demand stays robust, particularly in passenger vehicles and tractors, where it has major OEM exposure.
Rothschild and Victura Group did not respond to requests for comment.
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