Mumbai, Jan. 14 -- The scrip was listed at Rs 34.45, a discount of 15.98% compared with the initial public offer (IPO) price. The stock is currently frozen at its lower limit of 5% over its listing price.

The counter hit a high of Rs 34.45 and a low of Rs 32.75. About 48,000 shares of the company changed hands at the counter.

Victory Electric Vehicles International's was subscribed 0.96 times. The issue opened for bidding on 7 January 2026 and it closed on 9 January 2026, with the IPO priced at Rs 41 per share.

The IPO consisted entirely of a fresh issue of 84.3 lakh equity shares. Post issue, promoter and promoter group shareholding declined to 63.33% from 97.41% earlier.

The company plans to utilise the net proceeds towards capital ...