Data sourced from NSE · Compiled by IPO Ji · IPO subscription data last updated
Total 1.00x·QIB 0.00x·NII 0.38x·Individual 0.99x
Individual is currently subscribed 0.99× by applications, so individual applicants are likely to receive a full allotment, subject to the issue achieving its minimum subscription.
Victory Electric Vehicles International Limited SME IPO was subscribed 1x in total when bidding closed on Jan 9, 2026, with 0x in the QIB category, 0.38x in NII, 0.99x in individual across NSE. The issue is oversubscribed, indicating healthy demand across investor categories. The issue ran from Jan 7, 2026 to Jan 9, 2026 at a price band of ₹41–₹41 per share. Allotment was finalised on Jan 12, 2026.
| Category | Offer | Applied | Times |
|---|---|---|---|
| NIIs | 4002000 | 1509000 | 0.38 |
| Individual | 4005000 | 3960000 | 0.99 |
| Total | 8007000 | 8028000 | 1 |
| Total Applications698 approx. |
|||
| Category | Reserve | Applied | Times |
|---|---|---|---|
| NIIs | 445 | 34 | 0.08 |
| Individual | 668 | 660 | 0.99 |
| Total Applications698 approx. |
|||
| Category | Offered | Demand | Times |
|---|---|---|---|
| NIIs | 16.41 | 6.19 | 0.38 |
| Individual | 16.42 | 16.24 | 0.99 |
| TOTAL | 32.83 | 32.91 | 1 |
| As on | QIB | Individual | Total |
|---|---|---|---|
|
Day 1
7 Jan 2026
5:00 PM
|
0.18x | 0.38x | 0.28x |
|
Day 2
8 Jan 2026
5:00 PM
|
0.19x | 0.65x | 0.42x |
|
Day 3
9 Jan 2026
5:00 PM
|
0.38x | 0.99x | 1.00x |
Anticipated subscription based on the number of applications received (an alternative to the shares-based figures above), sourced from NSE.
| Category | Times (by applications) |
|---|---|
| Individual | 0.99x |
| Total applications | ~698 |
Because Victory Electric Vehicles International closed oversubscribed, applicants were not guaranteed full allotment. In oversubscribed issues, shares are allotted according to the applicable category and exchange rules, so applicants are not guaranteed full allotment once an issue is oversubscribed. The number of times each category is subscribed is one indicator of demand, alongside the company's fundamentals and the broader market.
A high subscription figure reflects strong demand but does not guarantee a premium listing, and a low figure does not guarantee a discount. This page is for information only and is not investment advice. Investors should read the company's prospectus and consult a SEBI-registered adviser before making any decision.
IPO subscription status shows how many times an issue has been applied for, compared with the shares on offer, broken down by Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and the Retail or SME Individual Investor category. A figure of "2x" means investors applied for twice the shares available. See how IPO subscription works and track all live IPOs →
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