Victory Electric Services IPO
Electric Vehicles - Listed on 14 January 2026
Victory Electric Services IPO listing summary
Victory Electric Services (Electric Vehicles) closed its IPO window in 2026 and listed on NSE and BSE on 14 January 2026 at an upper band issue price of Rs 41, opening at Rs 34.45 for a listing gain of -16.0% and closing day one at Rs 32.75 (-20.1% on closing basis). The IPO was subscribed 1.27x overall - QIB 0.00x, HNI/NII 0.35x, Retail 1.01x. The total issue size was Rs 34.56 Cr (Fresh Issue Rs 34.56 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Victory Electric Services IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | - | - |
| Day 2 | - | - |
| Day 3 | - | - |
| Day 4 | - | - |
| Day 5 | - | - |
Issue & financials
Market context at listing
How the broader market moved around the Victory Electric Services IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Victory Electric Services IPO - FAQs
What was the listing gain of Victory Electric Services IPO?
Victory Electric Services IPO listed at -16.0% versus the upper issue price of Rs 41 on 14 January 2026.
How many times was Victory Electric Services IPO subscribed?
Victory Electric Services IPO was subscribed 1.27x overall. QIB portion was subscribed 0.00x, HNI / NII 0.35x and Retail 1.01x.
What was the IPO GMP for Victory Electric Services?
Day-by-day IPO GMP data for Victory Electric Services is listed in the table above.