Zelio E-Mobility Limited IPO
Zelio E-Mobility Limited IPO
SME BSE SME 100% Book Built Offer
Closed

Price Band

₹129 - ₹136

Total Issue

₹78 Cr

Bid Dates

30 Sep - 03 Oct

Subscription

1.50x

Listing Price

₹154.9 (13.90%)

Website RHP Check Allotment

Valuation

Market Cap

₹287.64 Cr

P/E Ratio

14.05x

P/B Ratio

8.43x

Zelio E-Mobility IPO Dates

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Zelio E-Mobility Limited is engaged in the business of manufacturing, assembling, and supplying electric vehicles, offering a wide range of electric two-wheelers (E-2Ws) and three-wheelers (3Ws) under the brand names “Zelio” and “Tanga” respectively. With multiple design, color, and speed variants, the company focuses exclusively on eco-friendly mobility solutions that deliver lower emissions, reduced noise, and energy sustainability. Zelio E-Mobility is an ISO 45001:2018, ISO 9001:2015, and ISO 14001:2015 certified company, reflecting its strong commitment to quality, safety, and environmental standards. In FY 2021-22, the company launched its first range of electric scooters, marking its entry into India’s fast-growing EV sector. Today, it operates through a network of exclusive and non-exclusive dealers, extending its reach across urban, semi-urban, and rural areas, catering to the rising demand for affordable and sustainable electric mobility.

Zelio E-Mobility IPO Lot Size

Lot Information for Zelio E-Mobility IPO
Category Lots Shares Amount
Ind (Min) 2 2,000 ₹2,72,000
Ind (Max) 2 2,000 ₹2,72,000
S-HNI (Min) 3 3,000 ₹4,08,000
S-HNI (Max) 7 7,000 ₹9,52,000
B-HNI (Min) 8 8,000 ₹10,88,000
Allocate Funds
Market Maker
2,94,000 EQ Shs
Employee
₹0.00
Shareholder
₹0.00

Zelio E-Mobility IPO Size

Total ₹78.34 Cr
Fresh Issue
₹63 Cr (0.46 Cr Shares)
Offer For Sale
₹16 Cr (0.11 Cr Shares)

Objects of Issue

  1. Repayment of borrowing availed by our Company
  2. Funding the Capital Expenditure requirements towards setting up of a new manufacturing unit
  3. To Meet Working Capital Requirement
  4. General Corporate Purpose

Zelio E-Mobility IPO IPO Live Subscription

Updated as on 03 Oct 2025 | 05:00:00 PM

Zelio E-Mobility IPO IPO Subscription Status (BSE SME)
Category Sub (x) Offered Bids
QIB 1.61x 10,93,000 17,56,000
NII 1.76x 8,20,000 14,41,000
bHNI 2.31x 5,46,667 12,62,000
sHNI 0.65x 2,73,333 1,79,000
Individual Investor 1.32x 19,14,000 25,30,000
Total 1.50x 38,27,000 57,27,000

Zelio E-Mobility IPO IPO Details Live GMP

GMP ₹0
Est. Price ₹136
Est. Gain 0.00%

Zelio E-Mobility IPO Peer Comparison

There are no comparable listed peers in India as per the company

Zelio E-Mobility IPO IPO Financial Performance

(Rs. in crores)

Financial Performance Metrics for Zelio E-Mobility IPO
Particulars Mar-25 Mar-24 Mar-23
Revenue from Operations 172.19 94.43 51.25
Profit after Tax 16.01 6.31 3.06
Net Worth 26.67 10.67 4.36
Total Borrowing 30.68 14.11 9.59
Total Assets 65.79 29.08 15.47
NAV per share (in ₹) 16.14 6.45 2.64
EPS - Basic (in ₹) 9.68 3.82 1.85

Key Performance Indicators (KPIs)

EBITDA

12.21%

PAT

9.30%

ROE

85.75%

ROCE

36.86%

All the data pertains to FY 2024-25. PE, PB, and market capitalization are calculated based on the Upper Price Band.

Promoter Holding

Promoter

100.00%

Public

0.00%

Niraj Arya 33.33%
Kunal Arya 33.33%
Deepak Arya 33.33%
Others 0.01%

Management

Niraj Arya
Chairman
Kunal Arya
Managing Director
Shubham Garg
CFO

Registrar & Lead Managers

Registrar

Maashitla Securities

Lead Managers (1)

Hem Securities

Company Details

Name: Zelio E-Mobility Limited

Address: Shop No. 542, 1st Floor, AutoÂÂÂÂ
Market, Hisar – 125001, Haryana,ÂÂÂÂ
India

Number: 9254071396

Email: cs@zelioebikes.com

Website: www.zelioebikes.comÂ

Frequently Asked Questions (FAQs)

What is Zelio E-Mobility IPO?
Zelio E-Mobility IPO is a SME IPO having an issue size of ₹78 Crs. Zelio E-Mobility IPO is priced at ₹129 - ₹136 per share. The issue opens on 30 Sep 25 and closes on 03 Oct 25.
When will Zelio E-Mobility IPO open?
Zelio E-Mobility IPO opens on 30 Sep 25 and closes on 03 Oct 25.
What is the GMP of Zelio E-Mobility IPO?
The estimated Grey Market Premium of Zelio E-Mobility IPO is ₹0 per share (0.00%).
What is the lot size of Zelio E-Mobility IPO?
The minimum lot size of Zelio E-Mobility IPO is 1000 shares & the minimum application amount is Rs. 136000.
When is the allotment of Zelio E-Mobility IPO?
The allotment date of Zelio E-Mobility IPO is 06 Oct 25.
What is the listing date of Zelio E-Mobility IPO?
The listing date of Zelio E-Mobility IPO is 08 Oct 25.
What is the subscription of Zelio E-Mobility IPO?
Zelio E-Mobility IPO is subscribed 1.46 times.
What is the price band of Zelio E-Mobility IPO?
Zelio E-Mobility IPO is priced at ₹129 - ₹136 per share.
How to check allotment status of Zelio E-Mobility IPO?
Click the allotment link on Zelio E-Mobility IPO page of IPO360.
How to apply Zelio E-Mobility IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Zelio E-Mobility IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Zelio E-Mobility IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Zelio E-Mobility IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date