Archive · 7 Jan 2026
Victory Electric Vehicles IPO Opens
Victory Electric Vehicles, a company that makes electric vehicles, started selling shares to the public for the first time on January 7, 2024.
They want to raise ₹34.56 crore to help with their daily expenses and other company needs.
The shares cost ₹41 each, and you need to buy at least 6,000 shares, which costs ₹2.46 lakh.
So far, not many people have bought shares, and the company's shares might not be worth more than the price they are selling them for.
The shares will be given to people who buy them on January 12, and they will start being sold on the stock market on January 14.
Victory Electric Vehicles IPO opened on January 7, 2024, aiming to raise ₹34.56 crore.
The IPO received bids for 10.4 lakh shares against 80.07 lakh shares on offer, with a subscription rate of 0.13 times.
The price band is ₹41 per share, with a lot size of 6,000 shares requiring a minimum investment of ₹2.46 lakh.
The net proceeds will be used for working capital requirements and general corporate purposes.
The IPO is set to list on NSE SME on January 14, 2024, with a GMP of nil.
- Who
- Victory Electric Vehicles
- What
- IPO subscription
- When
- January 7-9, 2024
- Where
- NSE SME
- Why
- To raise ₹34.56 crore for working capital and general corporate purposes
- IPO Opening Date
- January 7, 2024
- IPO Closing Date
- January 9, 2024
- IPO Price Band
- ₹41 per share
- IPO Size
- ₹34.56 crore
- IPO Lot Size
- 6,000 shares
- Minimum Investment
- ₹2.46 lakh
- Allotment Date
- January 12, 2024
- Listing Date
- January 14, 2024
- GMP
- Nil
- Lead Manager
- Corpwis Advisors Pvt. Ltd.
- Registrar
- Maashitla Securities Pvt. Ltd.
- Market Maker
- Alacrity Securities Ltd.