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Zelio EMobility Ltd

Zelio EMobility IPO

  • Status: Closed
  • RHP:
  • ₹ 258,000 / 2000 shares

    Minimum Investment

Zelio EMobility IPO Details

  • Open Date

    30 Sep 2025

  • Close Date

    03 Oct 2025

  • Listing Date

    08 Oct 2025

  • IPO Price Range

    ₹ 129 – ₹136

  • IPO Size

    ₹ 78.34 Cr

  • Listing Exchange

    BSE SME

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Timeline Subscription Status Financials SWOT FAQ Contacts

Zelio EMobility IPO Timeline

Zelio EMobility IPO Subscription Status

Last Updated: 03 October 2025 6:50 PM by 5paisa

Incorporated in 2021, Zelio E-Mobility Limited operates from a 24,458.01 sq. metre facility in Ladwa, Haryana, with an annual production capacity of 72,000 electric two-wheelers and three-wheelers. The company manufactures products using advanced machinery and technology, with a strong nationwide dealer network.
Product Portfolio:
Electric 2-wheelers and 3-wheelers, including EEVA, EEVAZX, GRACY, Legender, Mystery, and XMen.
Established in: 2021
MD: Kunal Arya

Peers:

Delta Corp Ltd.
Tunwal E-motors Limited
 

Zelio EMobility Objectives

Repayment/prepayment of borrowings- ₹ 24.5 Cr
Funding capital expenditure for new manufacturing unit- ₹ 23.89 Cr
Working capital requirements
General corporate purposes
 

Zelio EMobility IPO Size

Types Size
Total IPO Size ₹78.34 Cr
Offer For Sale ₹15.50 Cr
Fresh Issue ₹62.84 Cr

Zelio EMobility IPO Lot Size

Application Lots Shares Amount
Retail (Min) 2 2,000 ₹2,58,000
Retail (Max) 2 2,000 ₹2,72,000

Zelio EMobility IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 1.61 10,93,000 17,56,000 23.882
NII (HNI) 1.76 8,20,000 14,41,000 19.598
Retail Investors 1.32 19,14,000 25,30,000 34.408
Total** 1.50 38,27,000 57,27,000 77.887

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Profit and Loss

Balance Sheet

Particulars FY23 FY24 FY25
Revenue 51.25 94.42 172.19
EBITDA 4.02 8.76 21.02
Profit After Tax 3.05 6.31 10.01
Particulars FY23 FY24 FY25
Assets 15.47 29.08 65.79
Equity Capital 0.03 0.03 16.53
Total Borrowings 9.59 14.11 30.68
Zelio E-Mobility Cash Flows (₹ Cr) FY23 FY24 FY25
Net Cash from Operating Activities -0.91 1.12 -9.57
Net Cash from Investing Activities -4.37 -4.64 -4.86
Net Cash from Financing Activities 5.36 3.47 14.69
Net Inc/(Dec) in Cash & Cash Equivalents 0.07 -0.05 0.26


Strengths

1. Strong nationwide dealer network and brand presence
2. Focus on sustainable and eco-friendly vehicles
3. Experienced promoters with solid operational expertise
4. Diversified product portfolio of 2Ws and 3Ws
 

Weaknesses

1. High reliance on debt funding for expansion
2.Limited operational history since 2021
3. Negative operating cash flows in FY25
4. Concentrated production facility in Haryana
 

Opportunities

1. Rapidly growing EV market in India
2. Government incentives and subsidies for electric vehicles
3. Rising demand for green mobility solutions
4. Expansion into new geographic markets and product lines
 

Threats

1. Intense competition in the domestic EV segment
2. Fluctuations in raw material costs and battery prices
3. Regulatory changes and compliance challenges
4. Supply chain disruptions are affecting production and delivery
 

1. Diversified EV portfolio covering 2-wheelers and 3-wheelers
2. Expanding production capacity and technological expertise
3. Experienced promoters with proven financial performance
4. Strong dealer network ensuring widespread market reach
 

India’s electric vehicle market is growing rapidly, driven by government policies, increasing fuel costs, and rising consumer awareness about sustainable transport. Zelio E-Mobility, with its strong dealer network, product portfolio, and manufacturing capacity, is well-positioned to capitalise on domestic EV adoption trends.
 

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FAQs

The Zelio E-Mobility IPO opens on September 30, 2025, and closes on October 3, 2025.

The Zelio E-Mobility IPO  has an issue size is ₹78.34 Cr.
 

The issue price band of Zelio E-Mobility IPO is ₹129 to ₹136 per share.
 

To apply for Zelio E-Mobility IPO, follow the steps given below: 
● Log in to your 5paisa demat account and select the issue in the current IPO section    
● Enter the number of lots and the price at which you wish to apply for the Zelio E-Mobility IPO.    
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
You will receive a mandate notification to block funds in your UPI app. 
 

For Zelio E-Mobility IPO, the Minimum lot size of 2,000 shares, requiring a minimum investment amount of ₹2,58,000.
 

Zelio E-Mobility IPO has an allotment date of October 6, 2025.

Zelio E-Mobility IPO has a listing date of October 8, 2025, on BSE SME.
 

Hem Securities Ltd. is the book-running lead manager. For Zelio E-Mobility IPO.
 

The Zelio E-Mobility shall utilise the IPO proceeds for:

  • Repayment/prepayment of borrowings- ₹ 24.5 Cr
  • Funding capital expenditure for new manufacturing unit- ₹ 23.89 Cr
  • Working capital requirements
  • General corporate purposes