Zelio E-Mobility IPO Date, Review, Price, Allotment Details
The Zelio E-Mobility IPO is scheduled to open on September 30, 2025, and close on October 3, 2025. This is a Book Built Issue, through which the company plans to raise approximately ₹78.34 crores. The IPO consists of a fresh issue of ₹62.84 crores and an offer for sale of up to 11,40,000 equity shares, each with a face value of ₹10.
The shares are offered in the price band of ₹129 to ₹136 per share, with 35% allocated to retail investors, 50% to qualified institutional buyers (QIBs), and 15% to high net worth individuals (HNIs). The IPO allotment is expected to be finalized by October 6, 2025, and the shares are proposed to be listed on the BSE on October 8, 2025.
On the financial front, the company reported a revenue of ₹94.90 crores in 2024, up from ₹51.62 crores in 2023, while net profit increased to ₹6.31 crores in 2024, compared to ₹3.06 crores in 2023. Based on these performance metrics, the IPO is considered suitable for investors seeking long-term growth opportunities.
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 
Zelio E-Mobility IPO Market Lot
The minimum market lot for the Zelio E-Mobility IPO is 2,000 shares, requiring a total application amount of ₹2,72,000.
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, 2025
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
Incorporated in 2021, Zelio E-Mobility Limited is engaged in the manufacturing, assembling, and supply of electric two-wheelers and three-wheelers under the brands “Zelio” (E-2Ws) and “Tanga” (3Ws). The company is committed to producing eco-friendly vehicles that ensure lower emissions, reduced noise, and long-term energy sustainability, supported by an extensive dealer network across India. Operating from a 24,458.01 sq. meter facility in Ladwa, Haryana, Zelio has an annual production capacity of 72,000 vehicles, equipped with advanced machinery for efficient manufacturing and assembly processes. Its product portfolio includes a range of innovative models such as EEVA, EEVA ZX, GRACY, Legender, Mystery, and XMen, catering to the evolving needs of urban and semi-urban mobility.
As of August 31, 2025, the company employs 193 individuals across various levels, excluding its board of directors. Zelio’s competitive strengths lie in its wide dealer network, rigorous quality assurance systems, and diversified revenue base spread across different geographies. Backed by experienced promoters, a strong senior management team, and effective marketing strategies, the company has established a proven track record of financial success while driving sustainable growth in India’s electric mobility sector.
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 September 2024 ₹76.04 ₹67.53 ₹7.05 ₹53.89
Zelio E-Mobility IPO Valuation – FY2024
Check Zelio E-Mobility IPO valuation details like Earnings Per Share (EPS), Price/Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI Values ROE: 83.99% ROCE: 34.84% EBITDA Margin: 9.27% PAT Margin: 6.68% Debt to equity ratio: 1.24 Earning Per Share (EPS): ₹3.82 (Basic) Price/Earnings (P/E) Ratio: N/A Return on Net Worth (RoNW): 59.15% Net Asset Value (NAV): ₹6.45
Peer Group Comparison
Company EPS PE Ratio RoNW % NAV Income Delta AutoCorp Limited 7.21 9.60 13.51% 40.20 80.81 Cr. Tunwal E-Motors Limited 2.85 10.25 57.53% 4.95 105.54 Cr.
IPO Lead Managers aka Merchant Bankers
- Hem Securities Ltd.
IPO Registrar
Maashitla Securities Pvt. Ltd.
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Company Address
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/