Zelio E-Mobility IPO
Zelio E-Mobility IPO
Overview
Zelio E-Mobility IPO is a book build issue of ₹78.34 crores. The issue is a combination of fresh issue of 0.46 crore shares aggregating to ₹62.83 crores and offer for sale of 0.11 crore shares aggregating to ₹15.50 crores. Zelio E-Mobility IPO opens for subscription on Sep 30, 2025 and closes on Oct 3, 2025. The allotment for the Zelio E-Mobility IPO is expected to be finalized on Oct 6, 2025. Zelio E-Mobility IPO will list on BSE SME with a tentative listing date fixed as Oct 8, 2025. Zelio E-Mobility IPO price band is set at ₹129.00 to ₹136.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹2,72,000.00 (2,000 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (3,000 shares), amounting to ₹4,08,000. Hem Securities Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue.
Issue Size
₹57,60,000
Issue Price
₹78.34 Cr
Price Band
₹129 – ₹136
Lot Size
1000 shares
Min. Investment
₹1,29,000
Max. Investment
₹1,36,000
Open Date
30 Sep, 2025
Close Date
03 Oct, 2025
Allotment
06 Oct, 2025
Listing
08 Oct, 2025
Max. Investment
₹1,36,000
Announced
30 Sep, 2025
Opening Date
30 Sep, 2025
Closing Date
03 Oct, 2025
Basis of Allotment
06 Oct, 2025
Initiation of Refunds
07 Sep, 2025
Credit of Shares
07 Oct, 2025
Listing Date
08 Oct, 2025
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About Zelio E-Mobility IPO
Incorporated in 2021, Zelio E-Mobility Limited is engaged in manufacturing, assembling and supplying of electric vehicles like two-wheelers and three-wheelers.
The company, operating under the brands \Zelio\ (E-2Ws) and \Tanga\ (3Ws), focuses on producing eco-friendly electric vehicles with lower emissions, reduced noise, and energy sustainability, supported by a wide dealer network.
The company operates from a 24,458.01 sq. meter facility in Ladwa, Haryana, with an annual product
Zelio E-Mobility IPO Share Price
Issue Breakdown
Shareholding
Dilution: 27.9% increase in shares
Zelio E-Mobility IPO Promoters Holding
Zelio E-Mobility IPO Financial Health
Zelio E-Mobility IPO Lot Size
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2000 | ₹2,72,000 |
| Individual investors (Retail) (Max) | 2 | 2000 | ₹2,72,000 |
| S-HNI (Min) | 3 | 3000 | ₹4,08,000 |
| S-HNI (Max) | 7 | 7000 | ₹9,52,000 |
| B-HNI (Min) | 8 | 8000 | ₹10,88,000 |
(All values in CR)
Zelio E-Mobility IPO Valuations
The market capitalization of Zelio E-Mobility IPO is ₹287.64 Cr. KPI as of Sun, Mar 31, 2024.
| Metric | Value |
|---|---|
| ROE | 83.99 |
| ROCE | 34.84 |
| Debt/Equity | 1.32 |
| RoNW | 59.15 |
| PAT Margin | 6.68 |
| Price to Book Value | 21.09 |
(All values in CR)
Zelio E-Mobility IPO Strength & Risk
Zelio E-Mobility IPO Strength:
Established dealer network across multiple states and union territories.
Strong financial growth with increasing revenue and profitability.
Experienced management team with industry expertise.
Consistent quality assurance across products.
Geographic diversification of revenue from multiple regions.
Zelio E-Mobility IPO Risk:
Limited operating history since establishment.
Dependence on a few key suppliers, including imports.
Revenue concentrated in certain regions; regional disruptions could affect business.
Operations dependent on timely regulatory approvals and licenses.
SME IPO with potentially lower liquidity on the exchange.
Zelio E-Mobility IPO Subscriptions Status
Zelio E-Mobility IPO subscribed 0.50 times. The public issue subscribed 0.22 times in the individual investors category, 1.27 times in QIB (Ex Anchor), and 0.10 times in the NII category by October 1, 2025 3:34:58 PM (Day 2).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 16,39,000 | 16,39,000 | 22.29 |
| Market Maker | 1.00 | 2,94,000 | 2,94,000 | 3.998 |
| QIB (Ex Anchor) | 1.27 | 10,93,000 | 13,88,000 | 18.877 |
| Non-Institutional Buyers | 0.10 | 8,20,000 | 86,000 | 1.17 |
| bNII (bids above ₹10L) | 0.13 | 5,46,000 | 72,000 | 0.979 |
| sNII (bids below ₹10L) | 0.05 | 2,74,000 | 14,000 | 0.19 |
| Individual Investors (IND category bidding for 2 Lots) | 0.22 | 19,14,000 | 4,24,000 | 5.766 |
| Total | 0.50 | 38,27,000 | 4,24,000 | 25.813 |
Zelio E-Mobility IPO GMP
Zelio E-Mobility SME IPO last GMP is ₹0, last updated Oct 1st 2025 02:59 PM. With the price band of 136.00, Zelio E-Mobility SME IPO's estimated listing price is ₹136 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%.
Last updated 01 Oct, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 01 Oct, 2025 | 136 | ₹0 | - | ₹136 (0.00%) | - | 01 Oct, 2025 |
| 30 Sep, 2025 | 136 | ₹0 | - | ₹136 (0.00%) | - | 30 Sep, 2025 |
| 29 Sep, 2025 | 136 | ₹0 | - | ₹136 (0.00%) | - | 29 Sep, 2025 |
| 28 Sep, 2025 | 136 | ₹0 | - | ₹136 (0.00%) | - | 28 Sep, 2025 |
| 27 Sep, 2025 | 136 | ₹0 | - | ₹136 (0.00%) | - | 27 Sep, 2025 |
| 26 Sep, 2025 | 136 | ₹0 | - | ₹136 (0.00%) | - | 26 Sep, 2025 |
| 25 Sep, 2025 | 136 | ₹0 | - | ₹136 (0.00%) | - | 25 Sep, 2025 |
| 24 Sep, 2025 | 136 | ₹0 | - | ₹136 (0.00%) | - | 24 Sep, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Zelio E-Mobility IPO
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Go to IPO Section
Find Zelio E-Mobility IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
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Provide your UPI ID linked to your bank account and submit the application.
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Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.