Zelio E-Mobility IPO Details
The key details of Zelio E-Mobility’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹78.34 Cr |
| Price Range | ₹129 - ₹136 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 2,000 |
| Investment (cut-off price) | ₹2,72,000 |
| Pre IPO Promotor Holding | 100.00% |
| Post IPO Promotor Holding | 75.77% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Zelio E-Mobility IPO Timelines
The IPO process for Zelio E-Mobility includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
30/09/2025
Start Date03/10/2025
End Date07/10/2025
Refund Initiation07/10/2025
Credit of Shares to Demat Ac08/10/2025
Listing DateZelio E-Mobility IPO Lot Size
The Zelio E-Mobility IPO has a fixed lot size of 1,000 shares, at an upper price band of ₹136 per share. For retail investors, the minimum and maximum application is 2,000 shares (2 lots) amounting to ₹2,72,000. For Small HNI (S-HNI) investors, the minimum application is 3,000 shares (3 lots) worth ₹4,08,000, while the maximum is 7,000 shares (7 lots) amounting to ₹9,52,000. Big HNI (B-HNI) investors need to apply for at least 8,000 shares (8 lots), totaling ₹10,88,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2000 | ₹2,72,000 |
| Retail Maximum | 2 | 2000 | ₹2,72,000 |
| S-HNI Minimum | 3 | 3000 | ₹4,08,000 |
| S-HNI Maximum | 7 | 7000 | ₹9,52,000 |
| B-HNI Minimum | 8 | 8000 | ₹10,88,000 |
Zelio E-Mobility IPO Subscription Status
The subscription status for Zelio E-Mobility IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 1.61x | 1.76x | 1.32x | -- | 1.50x |
IPO Performance on Listing Day
On the listing day (October 08, 2025), Zelio E-Mobility made a strong debut on the stock exchange. The stock opened at ₹154.90, securing an impressive premium of 13.9% over its issue price of ₹136. The electric mobility company gained further momentum throughout the trading session, reaching a day high of ₹162.60, while finding solid support at the opening price level. The shares concluded their first trading day at ₹162.60, which also marked the day’s high, delivering an exceptional gain of 19.6% over the issue price, reflecting robust investor confidence in the electric vehicle sector and strong market enthusiasm for this sustainable transportation solutions provider.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹154.90 | ₹162.60 | ₹162.60 | ₹154.90 |
Zelio E-Mobility IPO Company Financials
Zelio E-Mobility reports robust performance in FY2025 with Total Income of ₹173.80 crores, managing expenses at ₹154.41 crores, and achieving a strong PAT (Profit After Tax) of ₹16.01 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹51.62 | ₹47.93 | ₹3.06 |
| FY 2024 | ₹94.90 | ₹87.28 | ₹6.31 |
| FY 2025 | ₹173.80 | ₹154.41 | ₹16.01 |
About Company
Incorporated in 2021, Zelio E-Mobility Limited is an electric vehicle manufacturer specializing in eco-friendly two-wheelers and three-wheelers under the brands “Zelio” and “Tanga.” The company focuses on sustainable mobility solutions that reduce emissions, noise, and energy consumption, backed by a broad dealer network. Zelio operates from a state-of-the-art 24,458.01 sq. meter facility in Ladwa, Haryana, with an annual production capacity of 72,000 units, leveraging advanced machinery for both manufacturing and assembly.
Zelio’s product portfolio includes electric two-wheelers and three-wheelers such as EEVA, EEVAZX, GRACY, Legender, Mystery, and XMen. These vehicles are designed to meet the growing demand for efficient and environmentally conscious transport solutions. As of August 31, 2025, the company employs approximately 193 individuals across various operational levels, excluding the board of directors.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2021 | Electricals | Kunal Arya |
Know Before Investing
Zelio E-Mobility IPO Strengths
- Zelio E-Mobility’s revenue has risen sharply from ₹51.62 crore in FY23 to ₹173.80 crore in FY25, reflecting exceptional demand and successful market expansion.
- The company operates through over 330 dealers across 20+ states and union territories, facilitating broad reach and strong customer accessibility.
- Zelio manufactures both electric two-wheelers (under the “Zelio” brand) and electric three-wheelers (“Tanga”), serving varied transportation needs and widening its addressable market.
- Their is large-scale, fully equipped plant in Haryana has a robust production capacity of up to 72,000 EVs annually, supporting high-volume growth.
- The top management, including founders and directors, has significant experience in battery technology, automotive, and operational scaling.
- The company’s products emphasize eco-friendliness, low emissions, and energy efficiency, aligning with rising consumer and regulatory demand for green mobility solutions.
Zelio E-Mobility IPO Risks
- Having started operations in 2021, the company lacks a long operating track record, making long-term business resilience and market dominance less certain.
- The highly competitive EV sector includes established automakers, domestic start-ups, and multinationals investing heavily, leading to ongoing margin pressure.
- EV demand in India is strongly influenced by government policies and subsidies; adverse policy shifts could impact demand and profitability.
- Heavy dependence on third-party dealers for sales and service increases risks of inconsistent brand experience and customer satisfaction issues.
- Delays or shortages in battery cells, electronic components, or imported parts can interrupt manufacturing and sales.
- Rapid technological changes in EV batteries and components require continual investment in R&D to remain competitive.
Swot Analysis for Zelio E-Mobility IPO
Strengths
High Production Capacity, Expansive Dealer Network, Financial Performance
Weaknesses
Regional Manufacturing Concentration, Dependence on Third-Party Components, Profit Margin Sensitivity
Opportunities
Expansion into Three-Wheelers, Urban and Rural Expansion, Sustainability Differentiation
Threats
Intense Competition, Supply Chain Disruptions, Rapid Tech Evolution
Company 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 Registar Details
Maashitla Securities Pvt. Ltd.
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
FAQs
The key objectives of Zelio E-Mobility SME IPO are:
- Repayment and/or pre-payment, in full or part, of borrowing availed by the Company
- Funding the Capital Expenditure requirements towards setting up of a new manufacturing unit
- To Meet Working Capital Requirement
- General Corporate Purpose
Hem Securities Ltd. is the book-running lead managers for the Zelio E-Mobility IPO.
Zelio E-Mobility IPO offers strong growth prospects with revenue ₹173.80 crore and PAT ₹16.01 crore in FY25. Supported by India’s EV market CAGR of 66.52% and scaling capacity of 72,000 vehicles annually, it is well positioned for expansion.
The issue price for the Zelio E-Mobility IPO is set between ₹129 to ₹136 per share.
To invest in one lot of Zelio E-Mobility IPO, you need ₹2,58,000 at the lower price band (₹129 per share) or ₹2,72,000 at the upper price band (₹136 per share) for a lot size of 2000 shares.
Zelio E-Mobility IPO shares are scheduled to be listed on the Bombay Stock Exchange (BSE) on October 8, 2025.
Refund/unblocking of funds for Zelio E-Mobility IPO will begin on October 7, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Zelio E-Mobility IPO shares on listing day (October 8, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.