The Victory Electric Vehicles SME IPO GMP is at ₹0 on 08 January 2026 and has not started yet. As per the latest available data, clearly shows that there is no premium or discount in the grey market at this stage.
This is an early phase of GMP tracking, and such muted movement is common when investor sentiment is still forming. With no change in GMP over the last two sessions, the expected listing price is currently aligned with the issue price.
Investors should closely track upcoming GMP updates, subscription trends, and overall market conditions for better clarity on potential listing performance.
Contents
Victory Electric Vehicles SME IPO Day-wise GMP Trend
| Date | IPO Price | GMP | Est. Listing | Gain | Trend |
|---|---|---|---|---|---|
| 17-Jan-2026 | ₹41 | ₹0 | ₹41 | 0% | FLAT |
| 16-Jan-2026 | ₹41 | ₹0 | ₹41 | 0% | FLAT |
| 15-Jan-2026 | ₹41 | ₹0 | ₹41 | 0% | FLAT |
| 14-Jan-2026 | ₹41 | ₹0 | ₹41 | 0% | FLAT |
| 13-Jan-2026 | ₹41 | ₹0 | ₹41 | 0% | FLAT |
| 12-Jan-2026 | ₹41 | ₹0 | ₹41 | 0% | FLAT |
| 11-Jan-2026 | ₹41 | ₹0 | ₹41 | 0% | FLAT |
| 10-Jan-2026 | ₹41 | ₹0 | ₹41 | 0% | FLAT |
| 09-Jan-2026 | ₹41 | ₹0 | ₹41 | 0% | FLAT |
| 08-Jan-2026 | ₹41 | ₹0 | ₹41 | 0% | FLAT |
| 07-Jan-2026 | ₹41 | ₹0 | ₹41 | 0% | FLAT |
| 06-Jan-2026 | ₹41 | ₹0 | ₹41 | 0% | FLAT |
| 05-Jan-2026 | ₹41 | ₹0 | ₹41 | 0% | FLAT |
The table shows that the GMP has remained unchanged at ₹0 across both available dates. As a result, the estimated listing price stays equal to the IPO price of ₹41, indicating neutral grey market sentiment.
Disclaimer: IPO GMP, Kostak, and Subject to Sauda (Sub2) rates are unofficial and shared for informational purposes only. We do not trade or recommend participation in the grey market. GMP is not a guarantee of listing performance. Investors should apply after reviewing the company’s fundamentals and official offer documents.
Victory Electric Vehicles IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | January 7, 2026 |
| IPO Close Date | January 9, 2026 |
| Face Value | ₹5 per equity share |
| IPO Price | ₹41 per share |
| Issue Size | Approx ₹35 crore |
| Fresh Issue | Approx ₹35 crore |
| Issue Type | Fixed Price Issue |
| Listing Platform | NSE SME |
| DRHP Draft Prospectus | View PDF |
| RHP Draft Prospectus | View PDF |
Track More GMP: Modern Diagnostic IPO GMP Today
Victory Electric Vehicles IPO Important Dates
| Event | Date |
|---|---|
| IPO Open Date | January 7, 2026 |
| IPO Close Date | January 9, 2026 |
| Basis of Allotment | January 12, 2026 |
| Refunds Initiation | January 13, 2026 |
| Credit to Demat Account | January 13, 2026 |
| IPO Listing Date | January 14, 2026 |
| Bidding Cut-off Time | January 9, 2026 – 5 PM |
Victory Electric Vehicles SME IPO Lot Size Details
| Particulars | Details |
|---|---|
| Issue Price | ₹41 per share |
| Market Lot | 3,000 shares |
| Retail Investment | ₹2,46,000 |
| Minimum HNI Application | 9,000 shares (3 lots) |
Business Overview and Financial Snapshot
Victory Electric Vehicles International Limited, incorporated in October 2018, operates in the electric vehicle segment with a strong focus on e-mobility solutions.
The company designs and manufactures electric two-wheelers, three-wheelers, and commercial EVs, including e-rickshaws, loaders, and customised vehicles for vending purposes.
In FY2024, the company reported revenue of ₹39.68 crore and a profit after tax of ₹3.89 crore, reflecting steady operational growth in the expanding EV sector.
How to Calculate GMP of IPO
GMP calculation formula
GMP = Grey Market Price − IPO Price
Example:
If an IPO price is ₹100 and the grey market price is ₹120, then the GMP is ₹20.
This simple method explains how to calculate GMP of IPO in practical terms.
How to Calculate GMP Percentage of IPO
GMP Percentage = (GMP ÷ IPO Price) × 100
Example:
GMP ₹20 on an IPO price of ₹100 equals a GMP of 20%.
This helps investors quickly understand the potential upside in percentage terms.
How to Calculate GMP Equalisation
GMP equalisation is used when the IPO price changes or when demand varies sharply. It helps in making fair GMP comparisons.
Example of GMP Equalisation
- Initial IPO Price: ₹95
- Grey Market Trading Price: ₹115
- Final IPO Price (after price band or revision): ₹100
Step 1: Identify the grey market price
Grey Market Price = ₹115
Step 2: Subtract the final IPO price
₹115 − ₹100 = ₹15
GMP after equalisation = ₹15
How to Calculate Estimated Listing Price
Estimated Listing Price = IPO Price + GMP
Example:
IPO Price ₹100 and GMP ₹20
Estimated Listing Price = ₹120
This indicates the price level at which the stock may list, based on grey market trends.
How to Calculate Estimated Profit
Estimated Profit = GMP × Number of Shares Allotted
Example:
GMP ₹20 and allotment of 1,000 shares
Estimated Profit = ₹20,000
This calculation is widely used by investors to estimate possible listing gains.
Victory Electric Vehicles IPO GMP FAQs
What is Victory Electric Vehicles IPO GMP today?
The GMP for Victory Electric Vehicles SME IPO is currently ₹0.
What are the expected returns from this IPO?
Based on the current GMP, expected returns are neutral, with listing likely near the issue price.
Expert Comment
At present, Victory Electric Vehicles IPO GMP indicates a wait-and-watch approach by grey market participants.
With no premium seen yet, investors should rely more on company fundamentals, subscription data, and broader EV sector outlook rather than early GMP signals.
