Victory Electric Vehicles International Shares Debut Weakly on NSE SME Platform

Victory Electric Vehicles International made a weak debut on the NSE SME platform on January 14, listing at Rs 34.45, a discount to its IPO price of Rs 41. The stock further fell to Rs 32.75, trading at its lower circuit limit. The IPO, which opened January 7-9, was subscribed 0.96 times overall, indicating muted investor interest. The company manufactures electric rickshaws, scooters, and customized e-three-wheelers, aiming to provide cost-effective mobility solutions.