Zelio E-Mobility IPO is a book-built issuance aiming to raise ₹78.34 crore. The IPO opened on September 30 and closes on October 3, 2025, with shares priced between ₹129 and ₹136 each. Zelio E-Mobility specializes in manufacturing, assembling, and supplying electric vehicles, focusing on clean energy solutions for a sustainable future. With increasing government support for electric mobility and rising demand, Zelio E-Mobility IPO presents an opportunity for investors to participate in an emerging sector with strong growth potential.
₹00
₹136
₹154.90
Expert Opinions
Market sentiment for Zelio E-Mobility IPO is favorable, buoyed by robust anchor investor participation and strong revenue growth of 83.84% year-over-year. The company’s main strengths include a rapidly expanding electric vehicle manufacturing and assembly base, a broad product portfolio in the clean energy segment, and a solid presence in India’s fast-growing EV market. Risks for Zelio E-Mobility IPO encompass high leverage, with a debt/equity ratio of 1.15, and sensitivity to raw material price fluctuations and policy changes.
For financial year 2025, the IPO boasts a Return on Equity (ROE) of 85.75%, ROCE of 36.86%, and Net Asset Value (NAV) of ₹6.45, signaling excellent capital efficiency and growth orientation. Long-term investors could benefit from India’s electric mobility shift, but should closely monitor evolving regulatory, competitive, and technology landscapes.
Investor Considerations
Zelio E-Mobility IPO has reported impressive company performance with revenue growing from ₹51.62 crore in FY 2023 to ₹173.80 crore in FY 2025 and a PAT margin of 9.30%, demonstrating strong operational scalability and profitability. The electric vehicle sector outlook is highly favorable, driven by government incentives, rising environmental awareness, and increasing adoption of sustainable transport solutions.
The Zelio E-Mobility IPO valuation as of FY 2025 shows a Price to Book Value of 21.09, EBITDA Margin approximately 12.21%, and Debt to Equity ratio of 1.32, reflecting high growth expectations balanced with a leveraged capital structure. Growth prospects are robust due to expanding product portfolio, increasing dealer network, and rising demand for electric 2-wheelers and 3-wheelers. Risks include intense competition, supply chain dependencies, and regulatory shifts. Long-term investors may find appealing growth potential, while short-term investors should consider market volatility and sector dynamics.
| Date | GMP | Trend |
|---|---|---|
| 07 Oct 2025 13.15 | ₹00 | --- |
| 06 Oct 2025 11.40 | ₹00 | --- |
| 04 Oct 2025 11.25 | ₹00 | --- |
| 03 Oct 2025 12.07 | ₹00 | --- |
FAQs
The Grey Market Premium showed poor accuracy in predicting Zelio E-Mobility IPO’s listing performance. With a final GMP of ₹0, it projected no premium over the issue price of ₹136, suggesting a flat debut. However, the stock listed at ₹154.90, delivering a 13.9% gain. This resulted in a prediction error of 13.9%, where the GMP incorrectly signaled a flat listing and significantly underestimated the actual gains, reflecting weak reliability in this case.
Zelio E-Mobility IPO Current GMP is ₹00.
Zelio E-Mobility IPO Expected Returns is 0.00%.
Zelio E-Mobility IPO estimated listing price is ₹136.