Victory Electric Vehicles International's IPO opened on January 7, aiming to raise approximately Rs 34.56 crore. The issue, priced at Rs 41 per share, saw limited subscription on its first day, with retail and NII segments showing low uptake. Market sentiment, reflected in a zero grey market premium (GMP), suggests muted listing gain expectations. The company designs and manufactures electric two-wheelers, three-wheelers, and commercial vehicles, with plans to use IPO proceeds for working capital and general corporate purposes. The subscription period closes on January 9, with listing anticipated on January 14 on the NSE SME platform.