Victory Electric Vehicles International IPO Subscription Day 3

Here, the Victory Electric Vehicles International IPO launched on 7th January 2026. Bidding for the issue will close today, 14th January 2026. The primary aim of the Victory Electric Vehicles International IPO is to raise ₹34.56 crores from the market. Also, the Victory Electric Vehicles International IPO has received an impressive level of subscription, indicating that the shares will be listed at an impeccable premium. Scroll down to check the Victory Electric Vehicles International IPO subscription and details. 

Victory Electric Vehicles International IPO Details 

The price band for Riddhi Display Equipment’s IPO has been set at ₹41 per share, and a total of 84,30,000 shares are being issued. Let’s segregate the share quota fixed for different categories of investors. 

Victory Electric Vehicles International IPO Subscription Status

As of now, the Victory Electric Vehicles International IPO has been subscribed to 0.47 times. Of these, 0.82 times are subscribed by retail investors, 0.11 times by non-institutional investors, and [.] times by QII (Qualified Institutional Investors).  

The healthy subscription status indicates that investors are expecting higher returns at the time of Victory Electric Vehicles International’s IPO listing on 14th January 2026. Victory Electric Vehicles International also has a positive outlook behind the fresh issue of 0.84 crore shares, which will raise around Rs 34.56 crores.

Victory Electric Vehicles International IPO GMP Today

We know that higher subscription levels drive grey-market premiums for IPOs. Let’s explore the Victory Electric Vehicles International IPO GMP for 9th January 2026. 

The grey market premium for this IPO has surged to 0.00% or Rs 0.00 per share. It indicates that the estimated listing price per share is Rs 41.00. Numerous factors played a pivotal role in this jump in the GMP of Riddhi Display Equipment’s IPO. These include higher subscription rates, favourable market sentiment, and investors’ positive attitude towards IPOs. 

About Victory Electric Vehicles International Ltd.

Victory Electric Vehicles International Limited was established in October 2018. Victory Electric Vehicles International Limited designs, manufactures, and distributes electric vehicles. The company provides sustainable, eco-friendly mobility solutions through a wide range of electric two-wheelers, three-wheelers, and commercial vehicles. Victory Electric Vehicles International Limited aims to contribute to the global shift towards green energy by promoting the adoption of electric transportation. The company offers products ranging from E-rickshaws, E-Cargo/Loader E-rickshaws, Scooters, etc. The portfolio extends beyond conventional offerings to include customised E-Three Wheelers, catering to specific needs such as Food Three Wheelers, Ice Cream Three Wheelers, etc. The company integrates advanced technologies into its vehicles, such as lithium-ion battery systems, efficient electric drivetrains, and innovative connectivity features. It caters to both domestic and international markets, striving to offer reliable performance, cost-effective ownership, and minimal environmental impact. Victory Electric Vehicles International Limited envisions a cleaner and greener future, aligning its mission with global efforts to reduce carbon emissions and dependence on fossil fuels.

Victory Electric Vehicles International Limited Financials

The company’s financial analysis is essential before applying for the Victory Electric Vehicles International IPO. Look at the table to learn about Victory Electric Vehicles International Limited’s financials. 

Explanation

Victory Electric Vehicles International Limited’s revenue increased by 4.71% from ₹48.76 crores in March 2024 to ₹51.06 crores in March 2025. Moreover, the company’s PAT increased by 5.72% from ₹4.89 crores in March 2024 to ₹5.17 crores in March 2025.

Technical Indicators

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Victory Electric Vehicles International IPO.

Victory Electric Vehicles International IPO Listing Expectations

Victory Electric Vehicles International IPO Highlights: IPO allotment is still pending, as the bid will close today. However, given the current GMP or market sentiment, it is reasonable to expect higher listing gains for the share. A 0.00% flat in Yash Highlight GMP suggests the estimated listing price per share will be around Rs 41.

It will provide higher listing gains to investors who applied for this IPO. Also, the financial fundamentals of this business made it the experts’ top long-term recommendation. 

Victory Electric Vehicles International IPO Dates

Note: IPO GMP is volatile and depends on market sentiment. Hence, one should conduct their research before investing in it.

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