Victory Electric Vehicles International Shares List at Discount on NSE SME Platform

Victory Electric Vehicles International debuted on the NSE SME platform on January 14 with shares initially listing at a 19% discount to the Rs 41 IPO price, opening at Rs 34.45 and falling to Rs 32.75 shortly after. The Rs 35 crore IPO, focused on electric two- and three-wheelers, was subscribed 0.95 times overall, reflecting cautious investor interest. The company operates across 12 states, offering cost-effective electric mobility solutions with mixed recent financial performance.