Investment opportunity comes from the world of EV, Victory Electric IPO will open from January 7, price band 41

News India Live, Digital Desk: The stock market is buzzing in the new year and if you are also looking for a good earning opportunity, then this news is for you. The magic of electric vehicles (EV) is on everyone’s mind these days, and now a company in this sector ‘Victory Electric Vehicles’ Is coming with its IPO.

There is a lot of discussion in the market because its price band i.e. the price of one share is only 41 rupees Has been laid. It sounds cheap like a “penny stock”, but the story is a little different. Let us explain to you in simple language whether you should invest money in this or not.

note the dates
this ipo 7th January Will open on (Wednesday) and 9 January Will be closed on (Friday). This means you have three days to think and arrange money.

Company’s business: Is it really worth it?
Before buying shares, it is important to see how the company earns. Victory Electric, as the name suggests, manufactures electric vehicles. But don’t expect Tesla cars. This company mainly manufactures e-rickshaws, e-carts, and small electric garbage-carrying loaders.
E-rickshaws are flooding the roads in India, especially in small towns. Therefore, there is no dearth of demand in the market the company is in. This could be a plus point.

The truth of ₹41: Is it that cheap?
Now coming to the point where new investors often get confused. Looking at the share price of Rs 41, you might think, “Come on, let’s buy 100-200 shares.”
Wait a minute! it SME IPO Is. This means that you have to buy in a ‘lot’. Usually in one lot in SME IPOs of this price 3000 shares Are there.
The math is clear:
1 lot = 3000 shares x ₹41/share = ₹1,23,000
So brother, if you have around Rs. 1.25 lakh extra in your pocket, only then you can enter this field. It’s a case of “small cracker, big bang” for retail investors.

Gray-market (GMP) buzz
Right now the movement in the gray market is in the initial stage, but experts believe that due to the EV theme, its listing may be at a premium. share 14 January Will be listed on NSE SME platform.