Victory EV IPO Faces Reality Check on Street

After the completion of its bidding process, the Victory Electric Vehicles International Limited IPO has drawn attention despite receivi

ng a muted investor response. The public issue closed on 9th January 2026 and recorded an overall subscription of 0.28 times, indicating cautious sentiment among investors toward this SME offering.

The IPO allotment was finalized on 12th January 2026, and shares have now been credited to the demat accounts of successful applicants. Investors can check their allotment status through the official websites of the stock exchange and the registrar.

Victory Electric Vehicles International IPO Subscription Summary

The IPO saw under-subscription across all investor categories.

• Overall Subscription: 0.28 times

• Retail (Individual Investors): 0.38 times

• Non-Institutional Investors (NII/HNI): 0.18 times

• Qualified Institutional Buyers (QIB): Nil / No bids reported

The weak subscription suggests limited demand from institutional as well as high-net-worth investors.

Victory Electric Vehicles International IPO Allotment Status

The basis of allotment has been finalized, and shares have been credited to the demat accounts of eligible investors. The IPO is eligible for listing under the T+3 rule, meaning the stock will be listed within three working days from the issue closing date.

Registrar to the Issue:
Maashitla Securities Private Limited

How to Check Victory Electric Vehicles International IPO Allotment Status

Check Allotment Status on Registrar Portal

Investors can check their allotment status on the official registrar portal by following these steps:

1. Visit the registrar’s official website.

2. Select Victory Electric Vehicles International IPO from the dropdown list.

3. Choose the search option using Application Number / PAN / Demat Account.

4. Enter the required details.

5. Complete the captcha verification and submit.

Your allotment status will be displayed on the screen.

Check Allotment Status on NSE Website

Investors may also check their allotment status through the NSE website:

1. Visit the NSE official website.

2. Select Issue Type – Equity.

3. Choose Victory Electric Vehicles International IPO from the list.

4. Enter your Application Number or PAN.

5. Submit the details to view the allotment status.

Victory Electric Vehicles International IPO Details

Share Reservation Details

The IPO consisted entirely of a fresh issue, with share allocation as per SEBI guidelines.

Victory Electric Vehicles International IPO GMP (Grey Market Premium)

As of 2nd January 2026, the Grey Market Premium (GMP) for the Victory Electric Vehicles International IPO remained flat.

• IPO Price: ₹41 per share

• GMP: ₹0

• Estimated Listing Price: ₹41

• Estimated Listing Gain: 0.00%

IPO GMP Trend

The flat GMP throughout the subscription period reflected subdued market expectations regarding listing gains.

Victory Electric Vehicles International IPO Timeline

Conclusion

The Victory Electric Vehicles International IPO concluded with low subscription levels and zero GMP, indicating cautious investor sentiment toward the issue. While allotment has been completed smoothly and the listing is scheduled as planned, the stock’s post-listing performance will likely depend on broader SME market conditions and the company’s future execution in the competitive electric vehicle segment.

Investors are advised to closely track operational updates and financial disclosures after listing before forming long-term views.

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