Victory Electric Vehicles International IPO
The Victory Electric Vehicles International IPO was a ₹69.13 crore SME issue (fresh issue only), open for bidding from 7 Jan to 9 January 2026 at a fixed price of ₹41. Investors bid for 81,36,000 shares through 714 applications. Shares listed on NSE SME on 14 January 2026 at ₹34.45, 16.0% below the issue price, and closed the first day at ₹32.75.
- Listing gain at open
- −16.0%₹34.45 vs ₹41
- Issue price
- ₹41
- Lot size
- 3,000 sharesMinimum ₹2,46,000
- Issue size
- ₹69.13 crore
- Subscribed
- Not available
- Listed
- 14 Jan 2026NSE SME
Price and lots
Victory Electric Vehicles International IPO details
NSE issue details| Bidding dates | 7 Jan 2026 to 9 Jan 2026 |
| Listing date | 14 January 2026 |
| Issue price | ₹41 |
| Face value | ₹5 per share |
| Lot size | 3,000 shares, minimum 2 lots for individuals |
| Minimum investment | ₹2,46,000 (6,000 shares, our calculation) |
| Issue size | ₹69.13 crore (our calculation from the NSE issue details) |
| Type of issue | Fixed Price, Fresh issue only |
| Listed on | NSE SME |
| NSE symbol | VICTORYEV |
| ISIN | INE0F8901022 |
| Lead managers | Corpwis Advisors Private Limited |
| Registrar | Maashitla Securities Private Limited |
Subscription and listing
Victory Electric Vehicles International IPO subscription and listing
NSE and BSEFinal subscription
NSE issue details| Category | Shares bid | Applications |
|---|---|---|
| QIBs | 25,59,000 | 4 |
| Non-institutional | 15,33,000 | 36 |
| Individual investors | 40,44,000 | 674 |
| Total | 81,36,000 | 714 |
For this SME issue NSE publishes shares bid and applications by category, not times subscribed.
Listing day
Our calculation: gains vs issue price| NSE | |
|---|---|
| Open | ₹34.45 |
| High | ₹34.45 |
| Low | ₹32.75 |
| Close | ₹32.75 |
| Gain at open | −16.0% |
| Gain at close | −20.1% |
| Shares traded | 57,000 |
Latest: closed at ₹13.00 on NSE on 6 November 2026, −68.3% vs the issue price (our calculation). Past returns say nothing about future returns.
How it compares
How the Victory Electric Vehicles International IPO compares
Our calculation: 2026 SME IPOs on IPO24by7Among 78 SME IPOs of 2026 on our tracker, its listing loss of 16.0% at open ranks 64th of 75. By issue size it ranks 19th. The median listing-day gain at open for SME IPOs this year is +1.0%. See all 2026 IPOs with listing gains or the IPO calendar for January 2026.
Other SME IPOs listed in January 2026
| IPO | Listed | Issue price | Subscribed | Gain at open |
|---|---|---|---|---|
| KRM Ayurveda | 29 Jan 2026 | ₹135 | - | +27.5% |
| Armour Security (India). | 22 Jan 2026 | ₹57 | - | −20.0% |
| Avana Electrosystems | 20 Jan 2026 | ₹59 | - | +31.4% |
Allotment
Victory Electric Vehicles International IPO allotment status
- Open the registrar's pageMaashitla Securities Private Limited is the registrar. Open its allotment page.
- Select Victory Electric Vehicles International LimitedOlder issues may move to an archive list on the registrar's site.
- Enter your PAN, application number or DP IDUse the details you applied with.
- Or check your demat accountAllotted shares were credited before the listing day.
Documents
Questions
Victory Electric Vehicles International IPO FAQs
What was the Victory Electric Vehicles International IPO price band?
It was a fixed price issue at ₹41. The face value is ₹5 per share.
What was the Victory Electric Vehicles International IPO lot size?
One lot was 3,000 shares. Individual investors had to apply for at least 2 lots, so the minimum was ₹2,46,000.
What was the Victory Electric Vehicles International IPO listing price?
It opened at ₹34.45 on NSE SME on 14 January 2026, a loss of 16.0% over the issue price of ₹41 (our calculation). It closed the day at ₹32.75.
How do I check Victory Electric Vehicles International IPO allotment status?
Maashitla Securities Private Limited is the registrar. Select Victory Electric Vehicles International Limited on its allotment page and enter your PAN, application number or DP ID. You can also check on the NSE or BSE application status page.
Was the Victory Electric Vehicles International IPO a fresh issue or an offer for sale?
Fresh issue only, as stated in the NSE issue details.
Who were the lead managers of the Victory Electric Vehicles International IPO?
Corpwis Advisors Private Limited.
Sources: NSE public issue information and IPO detail pages; NSE and BSE end-of-day bhavcopy files. Gains, issue size and minimum investment are our calculations. This page is information only, not a recommendation.