Zelio E-Mobility IPO Sees Moderate Demand, Subscribed 1.50x by Day 3

Zelio E-Mobility Limited's initial public offering (IPO) has demonstrated moderate investor interest through its third day of subscription, with Zelio E-Mobility's stock price band set at ₹129-136 per share reflecting steady market reception. The ₹78.34 crore IPO reached 1.50 times by 5:04:50 PM on day three.

Zelio E-Mobility IPO non-institutional investors segment leads with moderate 1.76 times subscription, whilst qualified institutional buyers (ex-anchor) demonstrate moderate participation at 1.61 times, and individual investors display moderate interest at 1.32 times.

Subscription Status of Zelio E-Mobility IPO:

Here are the subscription details for Zelio E-Mobility IPO as of Day 3 (October 3, 2025, 5:04:50 PM):

Valplast Technologies IPO Reservation

Key Highlights - Day 3:

• Overall subscription reached moderate 1.50 times, showing substantial improvement from day two's 0.51 times
• Non-institutional investors displaying moderate confidence at 1.76 times, building substantially from day two's 0.13 times
• Qualified institutional buyers (ex-anchor) showing moderate growth at 1.61 times, building substantially from day two's 1.27 times
• Individual investors displaying moderate confidence at 1.32 times, building substantially from day two's 0.24 times
• Total applications reached 1,352, indicating minimal investor participation for this SME IPO
• Cumulative bid amount reached ₹77.89 crores against the issue size of ₹78.34 crores
   

Zelio E-Mobility IPO - Day 2 Subscription at 0.51 Times

Key Highlights - Day 2:

• Overall subscription reaching limited 0.51 times, showing improvement from day one's 0.39 times
• Qualified institutional buyers (ex-anchor) showing moderate performance at 1.27 times, building substantially from day one's 1.00 times
• Individual investors displaying limited confidence at 0.24 times, remaining largely unchanged from day one's 0.20 times

Zelio E-Mobility IPO - Day 1 Subscription at 0.39 Times

Key Highlights - Day 1:

• Overall subscription reached limited 0.39 times, showing cautious initial investor interest
• Qualified institutional buyers showing moderate performance at 1.00 times, indicating measured institutional appetite
• Individual investors displaying limited confidence at 0.20 times, showing weak retail sentiment
• Non-institutional investors showing minimal performance at 0.02 times, indicating very weak HNI appetite

About Dhillon Freight Carrier Limited

Incorporated in 2021, Zelio E-Mobility Limited is engaged in manufacturing, assembling and supplying electric two-wheelers and three-wheelers under the brands "Zelio" and "Tanga", operating from a 24,458.01 sq. meter facility in Ladwa, Haryana, with an annual production capacity of 72,000 units and an extensive dealer network across India.