New Delhi, Jan. 14 -- Victory Electric Vehicles International share price made a weak debut on the Indian stock market on Wednesday, January 14. Victory Electric Vehicles International shares are listed at 19% discount to the IPO price of Rs.41 per share.

Victory Electric Vehicles International shares opened at Rs.34.45 apiece on NSE SME. The SME stock immediately fell by over 5% to Rs.32.75 on NSE after making a weak listing.

The listing was broadly in line with the GMP expectations, which indicated flat listing. Ahead of the listing, the shares were trading at Rs.0 premium in the grey market, as per Investorgain.

The Rs.35 crore fixed-price IPO, which was open for subscription from January 7 to January 9, received a muted response fr...