Victory Electric Vehicles International SME IPO GMP History
Victory Electric Vehicles International SME IPO has been listed on January 14, 2026 at a listing price of ₹34.45, against the issue price of ₹41 — a loss of ₹6.55 (-15.98%). The GMP peaked at ₹ on 13 January 2026 and reached a low of ₹0 on N/A. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Victory Electric Vehicles International SME IPO raised ₹34.56 Cr. Cr. through its IPO at a price band of ₹₹41 per share, with a lot size of 3,000 shares. The IPO was open for subscription from 07 Jan 2026 to 09 Jan 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 25 Aug, 12:56 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 13 Jan 2026 | ₹ 0 | — | -- | — | — |
| 12 Jan 2026 | ₹ 0 | — | -- | — | — |
| 10 Jan 2026 | ₹ 0 | — | -- | — | — |
Victory Electric Vehicles International SME IPO dates
Key dates from opening to listing. Today is 30 October.
- Open 07 Jan 2026
- Close 09 Jan 2026
- Allotment 12 Jan 2026
- Refund/credit 13 Jan 2026
- Listing 14 Jan 2026
Victory Electric Vehicles International SME IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹41 |
|---|---|
| Listing gain / loss | −₹6.55 per share |
| Listing date | 14 Jan, 2026 |
| Actual listing price | ₹34.45 (-15.98%) |
Is Victory Electric Vehicles International SME IPO GMP reliable?
Grey market premium for Victory Electric Vehicles International SME IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Victory Electric Vehicles International SME IPO full review for a fundamentals-based assessment before making any grey market trades.
Victory Electric Vehicles International SME IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Victory Electric Vehicles International SME IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Victory Electric Vehicles International SME IPO
Victory Electric Vehicles International Limited is an emerging player in India’s electric mobility sector, originally incorporated in 2018 and based in New Delhi. The company was promoted by industry professionals including Sanjay Kumar Popli, who has played a key role in driving its growth and strategic direction. Over the years, it has focused on building capabilities in manufacturing electric vehicles, particularly catering to the growing demand for sustainable and cost-effective transportation solutions.
The company is engaged in manufacturing a wide range of electric vehicles such as e-rickshaws, electric three-wheelers, cargo loaders, and electric scooters, along with customised vehicles for commercial applications like food and ice-cream vending. Its business model is centred on producing affordable EVs for last-mile connectivity and commercial use, targeting both domestic and select international markets. By focusing on utility-driven vehicles, the company aims to benefit from the rising adoption of electric mobility in India.
Frequently asked
What is the GMP of Victory Electric Vehicles International SME IPO?
The current Grey Market Premium (GMP) of Victory Electric Vehicles International SME IPO is not yet started or active in the market.
What is the Kostak Price of Victory Electric Vehicles International SME IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Victory Electric Vehicles International SME IPO is not available.
What is the Subject to Sauda Price of Victory Electric Vehicles International SME IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Victory Electric Vehicles International SME IPO?
Victory Electric Vehicles International SME IPO listed on January 14, 2026 at ₹34.45, against the issue price of ₹41 — a loss of -15.98%.
How did the GMP of Victory Electric Vehicles International SME IPO trend before listing?
The GMP of Victory Electric Vehicles International SME IPO was stable in its final days before listing. The GMP peaked at ₹ on 13 January 2026. View the day-wise table above for the complete GMP history.
Explore Victory Electric Vehicles International SME IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
