IPO Listed — 14 Jan 2026
Listing Price: ₹34.45
Victory Electric Vehicles International SME IPO GMP History | Listing Price ₹34.45 & Kostak Rate
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.
Table of Contents
- Victory Electric Vehicles International SME IPO GMP Today
- Victory Electric Vehicles International SME IPO GMP Trend History
- Victory Electric Vehicles International SME IPO Dates
- Actual Listing Price
- Is Victory Electric Vehicles International SME IPO GMP Reliable?
- Kostak Rate Explained
- About Victory Electric Vehicles International SME IPO
- Frequently Asked Questions
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 13 Jan 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 12 Jan 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 10 Jan 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 |
Victory Electric Vehicles International SME IPO Dates
| Event | Date |
|---|---|
| Open Date | 07 Jan, 2026 |
| Close Date | 09 Jan, 2026 |
| Allotment Date | 12 Jan, 2026 |
| Refund Date | 13 Jan, 2026 |
| Credit to Demat | 13 Jan, 2026 |
| Listing Date | 14 Jan, 2026 |
Victory Electric Vehicles International SME IPO Actual Listing Price
| Basis | Value |
|---|---|
| Issue Price | ₹41 |
| Actual Listing Price | ₹34.45 (-15.98%) |
| Listing Gain / Loss | ₹-6.55 per share |
| Listing Date | 14 Jan, 2026 |
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:
- Subscription 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?
- Timing 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.
- Grey 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.
- Cross-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 IPO Kostak Rate Explained
The Kostak rate for Victory Electric Vehicles International SME IPO was not active during the subscription period, as no grey market premium was established. 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 active 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
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 Questions about Victory Electric Vehicles International SME IPO
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 : Retail: ₹ 0, SHNI: ₹ 0, BHNI: ₹ 0.
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 : Retail: ₹ 0, SHNI: ₹ 0, BHNI: ₹ 0.
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
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