Zelio E-Mobility IPO Details
| IPO Open Date | September 30, 2025 |
| IPO Close Date | October 3, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹129 to ₹136 Per Share |
| Issue Size | Approx ₹78.34 Crores |
| Fresh Issue | Approx ₹62.84 Crores |
| Offer for Sale: | Approx 11,40,000 Equity Shares |
| Issue Type | Book built Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Zelio E-Mobility IPO Review & Key Points
- Review:
Zelio E-Mobility IPO Market Lot
The Zelio E-Mobility IPO minimum market lot is 2,000 shares with ₹2,72,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,000 | ₹2,72,000 |
| Retail Maximum | 2 | 2,000 | ₹2,72,000 |
| S-HNI Minimum | 3 | 3,000 | ₹4,08,000 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 16,39,000 Shares | 28.45% |
| QIB (Ex. Anchor) | 10,93,000 Shares | 18.98% |
| NII Shares Offered | 8,20,000 Shares | 14.24% |
| Retail Shares Offered | 19,14,000 Shares | 33.23% |
Zelio E-Mobility IPO Anchor Investors
| Anchor Bidding Date | September 29, 2025 |
| Anchor Investors List | |
| Shares Offered | 16,39,000 Shares |
| Anchor Size | 22.29 Cr. |
| lock-in period end date 50% shares (30 Days) | November 5, 2025 |
| lock-in period end date 50% shares (90 Days) | January 4, 2026 |
Zelio E-Mobility IPO Dates
The Zelio E-Mobility IPO date is September 30 and the close date is October 3. The Zelio E-Mobility IPO allotment will be finalized on October 6 and the IPO listing on October 8.
| IPO Open Date: | September 30, 2025 |
| IPO Close Date: | October 3, 2025 |
| Basis of Allotment: | October 6, 2025 |
| Refunds: | October 7, 2025 |
| Credit to Demat Account: | October 7, 2025 |
| IPO Listing Date: | October 8, 2025 |
| IPO Bidding Cut-off Time: | October 3, 2025 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Niraj Arya, Kunal Arya, Deepak Arya and Sayuri Arya.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,65,30,000 | 100.00% |
| Promoter Holding Post Issue | 2,11,50,000 | 75.77% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Repayment and/or pre-payment, in full or part, of borrowing availed by the Company | 24.50 |
| Funding the Capital Expenditure requirements towards setting up of a new manufacturing unit | 23.89 |
| To Meet Working Capital Requirement | – |
| General Corporate Purpose | – |
About Zelio E-Mobility IPO
Zelio E-Mobility Limited, started in 2021, makes, assembles, and sells electric two-wheelers and three-wheelers.
The company operates under the brands “Zelio” for electric two-wheelers and “Tanga” for electric three-wheelers. It focuses on eco-friendly vehicles that produce less pollution, make less noise, and save energy, supported by a strong network of dealers.
The company runs its operations from a 24,458 sq. meter facility in Ladwa, Haryana. It can produce up to 72,000 electric two-wheelers and three-wheelers each year using modern machines for manufacturing and assembly. As they add more products, they will need to work with more business partners and build strong, positive relationships with both new and existing ones.
Zelio E-Mobility IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹51.62 | ₹47.93 | ₹3.06 | ₹15.47 |
| 2024 | ₹94.90 | ₹87.28 | ₹6.31 | ₹29.08 |
| 2025 | ₹173.80 | ₹154.41 | ₹16.01 | ₹65.79 |
Zelio E-Mobility IPO Valuation – FY2025
Check Zelio E-Mobility IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 85.75% |
| ROCE: | 36.86% |
| EBITDA Margin: | 12.21% |
| PAT Margin: | 9.30% |
| Debt to equity ratio: | 1.15 |
| Earning Per Share (EPS): | ₹9.68 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 60.02% |
| Net Asset Value (NAV): | ₹6.45 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Delta AutoCorp Limited | 5.49 | 12.68 | 11.50% | – | 84.01 Cr. |
| Tunwal E-Motors Limited | 2.32 | 13.47 | 11.56% | – | 184.87 Cr. |
IPO Lead Managers aka Merchant Bankers
- Hem Securities Ltd.
Company Address
Zelio E-Mobility Ltd.
Shop No. 542,
1st Floor,
Auto Market,
Hisar, Haryana, 125001
Phone: +91 9254993057
Email: [email protected]
Website: http://www.zelioebikes.com/
IPO Registrar
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: [email protected]
Website: https://maashitla.com/allotment-status/public-issues
Zelio E-Mobility IPO FAQs
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Note: The Zelio E-Mobility IPO price band and date are officially announced. The (Zelio E-Mobility IPO grey market premium) will be added to the IPO GMP page as it will start).
