Zelio E-Mobility IPO
GMP, Subscription, Price, Dates & Financial Details
Electric Equipment
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…
Open Date
Tue, 30 Sep 2025
Close Date
Fri, 03 Oct 2025
Price Band
₹ 129 – 136
Lot Size
1000
Issue Size
₹ 78.34 Cr
Minimum Investment
₹ 272,000 (2000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Zelio E-Mobility IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹78.34 Crore, comprising a fresh issue of 43.26 Lakh equity shares aggregating to ₹58.83 Crore and an offer for sale (OFS) of 11.40 Lakh equity shares aggregating to ₹15.50 Crore by the existing shareholders.
The Zelio E-Mobility IPO remained open for subscription from September 30, 2025, to October 03, 2025. The basis of allotment was finalized on October 06, 2025, and the company's shares were listed on BSE SME Platform on October 08, 2025.
The company had fixed the price band at ₹129 to ₹136 per share, with a lot size of 1000 shares. Retail investors were required to make a minimum investment of ₹272,000 (based on the upper price band) to apply for one lot.
Maashitla Securities Pvt. Limited served as the registrar to the issue. Hem Securities Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Zelio E-Mobility Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Zelio E-Mobility IPO Timeline (Tentative)
- IPO Open Date
- Tue, 30 Sep 25
- IPO Close Date
- Fri, 03 Oct 25
- Basis of Allotment
- Mon, 06 Oct 25
- Initiation of Refunds
- Tue, 07 Oct 25
- Credit of Shares to Demat
- Tue, 07 Oct 25
- Listing Date
- Wed, 08 Oct 25 — NSE & BSE
Open Date
30 September 2025
Close Date
03 October 2025
Basis Of Allotment
06 October 2025
Listing Date
08 October 2025
IPO Subscription
Check Live Subscription →The Zelio E-Mobility IPO has received bids for 60,21,000 shares against 38,27,000 shares offered, resulting in an overall subscription of 1.57x. the NII category is subscribed 2.12x, Retail Investors 1.32x, and QIBs 1.61x.
QIB
1.61x
NII
2.12x
RII
1.32x
Total
1.57x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 19,14,000 shares, representing 50.01% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 10,93,000 shares (28.56%), while Non-Institutional Investors (NIIs) receive 8,20,000 shares (21.43%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 1,093,000 | 28.56% |
| Non-Institutional | 820,000 | 21.43% |
| BNII | 546,000 | 14.27% |
| SNII | 274,000 | 7.16% |
| Retail Investors | 1,914,000 | 50.01% |
| Total | 3,827,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Zelio E-Mobility Limited KPI Information
| 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 |
| Pat Margin % | 6.68 | 5.96 | 9.86 |
Peers Comparison
| 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 |
About Zelio E-Mobility Limited
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.
Zelio E-Mobility IPO Promoters
- Niraj Arya
- Niraj Arya
- Deepak Arya
- Sayuri Arya
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
75.77%
Zelio E-Mobility IPO Objective
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
Zelio E-Mobility Limited Address / Contact Details
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
Zelio E-Mobility IPO Lot Size
The Zelio E-Mobility IPO has a lot size of 1,000 shares. Retail investors require a minimum investment of ₹2,72,000 by applying for 2 lot (2,000 shares). The maximum application allowed for the retail category is 2 lots (2,000 shares), requiring an investment of ₹2,72,000.
| 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 |
Issue Reservation
- QIB — 28.56%
- NII — 21.43%
- RII — 50.01%
Book Running Lead Managers
- Hem Securities Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Zelio E-Mobility IPO?
Zelio E-Mobility IPO is a Book-building IPO with a total issue size of ₹78.34 crore. The Zelio E-Mobility IPO price band is ₹129 to 136 per share. The Zelio E-Mobility IPO subscription opens on Tue, Sep 30, 2025, and closes on Fri, Oct 3, 2025. The Zelio E-Mobility IPO will be listed on the BSE. Maashitla Securities Pvt. Limited is the registrar for the Zelio E-Mobility IPO.
When will the Zelio E-Mobility IPO open for subscription?
The Zelio E-Mobility IPO opens on Tue, Sep 30, 2025 and closes on Fri, Oct 3, 2025
What is Zelio E-Mobility IPO Price Band?
Zelio E-Mobility IPO Price Band is ₹129 to 136 per share.
What is Zelio E-Mobility IPO Lot Size?
Zelio E-Mobility IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹272000 based on the upper price band
What is the minimum investment for Zelio E-Mobility IPO?
The minimum investment for Zelio E-Mobility IPO is ₹272000, based on one lot of 1000 shares at the upper price band of ₹136 per share.
How to apply for Zelio E-Mobility IPO?
Investors can apply for the Zelio E-Mobility IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Oct 3, 2025. The application amount remains blocked until the Zelio E-Mobility IPO allotment is finalized.
What is Zelio E-Mobility IPO Issue Size?
Zelio E-Mobility IPO issue size is ₹78.34 crores.
What is the Zelio E-Mobility IPO Allotment Date?
Zelio E-Mobility IPO allotment date is Mon, Oct 6, 2025.
Who is the Zelio E-Mobility IPO Registrar?
The registrar for Zelio E-Mobility IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website to check Zelio E-Mobility IPO allotment status, refund processing, and other IPO-related information.
What is the Zelio E-Mobility IPO GMP?
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 1.47% over the issue price.
Who is the Zelio E-Mobility IPO Lead Manager?
The book-running lead managers (BRLMs) for the Zelio E-Mobility IPO are Hem Securities Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Zelio E-Mobility IPO Red Herring Prospectus (RHP).