The SME initial public offering of Victory Electric Vehicles International opens for subscription today, Wednesday, January 7. The public issue is entering the market with a grey market premium of 0 percent, indicating muted expectations around immediate listing gains.The IPO is set to be listed on the NSE SME platform and is entirely a fresh issue, with no offer for sale component.IPO Structure and Price Details
Victory Electric Vehicles is offering 84.3 lakh equity shares at a fixed price of Rs 41 per share. The issue size aggregates to approximately Rs 35 crore and values the company at a pre-IPO market capitalisation of nearly Rs 99 crore.The subscription window will remain open until January 9, with the shares scheduled to...