Victory Electric Vehicles IPO Day 2: Under-subscribed 0.37x, GMP Remains Nil

• Victory Electric Vehicles International Ltd's IPO is undergoing its second day of bidding on January 8.
• The Rs 34.56-crore NSE SME IPO has a fixed price band of Rs 41 per share.
• On Day 2, the IPO received a total subscription of 0.37x, with bids for 2.94 million shares against 8.007 million on offer.
• Retail category subscribed 0.65x, while non-institutional investors (NII) subscribed 0.09x.
• The Grey Market Premium (GMP) for Victory Electric Vehicles IPO remains nil, indicating a flat or negative listing.

Why It Matters: Victory Electric Vehicles IPO sees low subscription and no GMP on Day 2, signaling cautious investor interest.