Zelio E-Mobility IPO
Open SmeCurrent GMP
₹2 (+1.47%)
Price Band
₹ 129 – 136
Lot Size
1000
Issue Size
₹78.34 Cr
Minimum Investment
₹272000 (2000 Shares)
Listing Date
08 October 2025
Subscription
1.57x
About the Company
Zelio E-Mobility Limited
Incorporated in 2021, Zelio E-Mobility Limited is engaged in the manufacturing, assembling, and supply of electric two-wheelers and three-wheelers. The company operates under two brands: “Zelio” for electric two-wheelers (E-2Ws) and “Tanga” for electric three-wheelers (E-3Ws).
With a strong focus on eco-friendly mobility solutions, Zelio is committed to reducing emissions, lowering noise pollution, and promoting energy sustainability. Its distribution is supported by a robust and expanding dealer network across India.
Manufacturing Facility
The company operates a state-of-the-art manufacturing facility spread across 24,458.01 sq. meters in Ladwa, Haryana. Equipped with advanced machinery for both manufacturing and assembly, the facility has an annual installed capacity of 72,000 units, covering electric two-wheelers and three-wheelers.
Product Portfolio
Zelio offers a diverse product lineup catering to different customer needs. Its portfolio includes:
- Electric Two-Wheelers: EEVA, EEVA ZX, GRACY, Legender, Mystery, XMen
- Electric Three-Wheelers (under brand “Tanga”)
Human Capital
As of February 28, 2025, the company employs approximately 176 personnel, excluding the board of directors, across various levels of operations.
Promoters
- Niraj Arya
- Niraj Arya
- Deepak Arya
- Sayuri Arya
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
75.77%
Objects of the Issue
The Company Zelio E-Mobility IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Repayment and/or pre-payment, in full or part, of borrowing availed by our Company
- Funding the Capital Expenditure requirements towards setting up of a new manufacturing unit
- To Meet Working Capital Requirement
- General Corporate Purpose
Address / Contact Info
Zelio E-Mobility Ltd.
Shop No. 542,
1st Floor,
Auto Market,
Hisar, Haryana, 125001
Phone: +91 9254993057
Email: cs@zelioebikes.com
Website: http://www.zelioebikes.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 30 September 2025
IPO Close Date
Friday, 03 October 2025
Basis of Allotment
Monday, 06 October 2025
Initiation of Refunds
Tuesday, 07 October 2025
Credit of Shares to Demat
Tuesday, 07 October 2025
Listing Date
Wednesday, 08 October 2025 — NSE & BSE
Important Dates
Open Date
30 September 2025
Close Date
03 October 2025
Basis Of Allotment
06 October 2025
Listing Date
08 October 2025
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 53.89 | 29.08 | 15.47 | 8.57 |
| Revenue | 76.04 | 94.9 | 51.62 | 13.03 |
| Profit After Tax | 7.05 | 6.31 | 3.06 | 1.27 |
| Net Worth | 17.71 | 10.67 | 4.36 | 1.3 |
| Reserve & Surplus | 17.68 | 10.64 | 4.33 | 1.27 |
| Total Borrowings | 21.97 | 14.11 | 9.59 | 3.73 |
EPS Pre
3.82%
EPS Post
6.66%
P/E Pre
35.63
P/E (Post Issue)
20.41x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|
| ROE % | 83.99 | 108 | 195.39 |
| ROCE % | 34.84 | 29.61 | 32.56 |
| Debt / Equity | 1.32 | 2.2 | 2.87 |
| RoNW % | 59.15 | 70.13 | 97.69 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 6.68 | 5.96 | 9.86 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 1093000 | 28.56 | 0 |
| Non-Institutional | 820000 | 21.43 | 0 |
| BNII | 546000 | 14.27 | 0 |
| SNII | 274000 | 7.16 | 0 |
| Retail Investors | 1914000 | 50.01 | 0 |
| Total | 3827000 | 100 | 0 |
Subscription Status ( Fri, 03 Oct 25 01:51 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 1093000 | 1756000 | 1.61x |
| Non-Institutional | 820000 | 1735000 | 2.12x |
| Retail Investors | 1914000 | 2530000 | 1.32x |
| Total | 3827000 | 6021000 | 1.57x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Zelio E-Mobility Ltd | 10 | 0.00 | 9.68 | 9.68 | 60.02 | 16.14 |
| Delta AutoCorp Ltd | 10 | 12.68 | 5.49 | 5.49 | 11.50 | 47.78 |
| Tunwal E-Motors Ltd | 2 | 13.47 | 2.32 | 2.32 | 11.56 | 18.55 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | 272,000.00 |
| Retail (Max) | 2 | 2,000 | 272,000.00 |
| S-HNI (Min) | 3 | 3,000 | 408,000.00 |
| S-HNI (Max) | 7 | 7,000 | 952,000.00 |
| B-HNI (Min) | 8 | 8,000 | 1,088,000.00 |
Registrar
Maashitla Securities Pvt. Limited
011-45121795-96
investor.ipo@maashitla.com
https://www.maashitla.com
Book Running Lead Managers
- Hem Securities Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Zelio E-Mobility IPO is a Book-building IPO worth ₹78.34 crores. The price band is ₹129 to 136 per share. The IPO opens on Tue, Sep 30, 2025 and closes on Fri, Oct 3, 2025. It will be listed on BSE and NSE. Maashitla Securities Pvt. Limited is the registrar.
The Zelio E-Mobility IPO opens on Tue, Sep 30, 2025 and closes on Fri, Oct 3, 2025
Zelio E-Mobility IPO Price Band is ₹129 to 136.
Zelio E-Mobility IPO lot size is 1000, and the minimum amount required for application is ₹272000.
The minimum investment for Zelio E-Mobility IPO is approximately ₹272000 based on the upper price band.
To apply for the Zelio E-Mobility IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Oct 3, 2025. After submission, funds are blocked until the basis of allotment of Zelio E-Mobility IPO is finalised.
Zelio E-Mobility IPO issue size is ₹78.34 crores.
Zelio E-Mobility IPO allotment date is Sat, Jun 27, 2026.
The registrar for Zelio E-Mobility IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website for IPO allotment status, refund processing, and other queries related to Zelio E-Mobility IPO through their official website or helpline.
The Zelio E-Mobility IPO GMP (Grey Market Premium) is ₹2 as of Fri, Oct 3, 2025. Based on the upper price band of ₹136 per share, the estimated Zelio E-Mobility IPO listing price is ₹138, indicating a potential listing gain of approximately 31% over the issue price.