Zelio E-Mobility Limited Link 
Allotment
Incorporated in 2021, Zelio E-Mobility Limited is engaged in the manufacturing, assembly, and supply of electric vehicles, including electric two-wheelers and three-wheelers. The company operates under the brand names “Zelio” for electric two-wheelers and “Tanga” for electric three-wheelers, with a strong focus on sustainable and eco-friendly mobility solutions that offer lower emissions, reduced noise levels, and improved energy efficiency.
Zelio E-Mobility operates from a manufacturing facility spread over 24,458.01 square meters in Ladwa, Haryana. The facility is equipped with advanced machinery and has an annual production capacity of 72,000 electric vehicles, encompassing both two-wheelers and three-wheelers.
Product Portfolio
The company’s product portfolio includes a wide range of electric vehicles such as EEVA, EEVA ZX, GRACY, Legender, Mystery, and XMen, catering to diverse customer requirements in the electric mobility segment.
As of August 31, 2025, Zelio E-Mobility employed approximately 193 personnel across various levels of the organization, excluding the board of directors.
Competitive Strengths
Extensive dealer network covering major regions across India
Strong quality assurance systems ensuring consistent and standardized product quality
Revenue derived from a geographically diversified customer base
Proven track record of financial growth and performance
Experienced promoters and senior management supported by a capable marketing team
₹136
0%
Open
₹136
HIgh - Low
₹136
Previous Close
₹136
Total Traded Value
0
52 Weeks High
₹136
52 Weeks Low
₹136
Updates On
Sep 24, 2025
IPO. Open
Sep 30, 2026
IPO. Close
Oct 3, 2026
IPO. Price
₹136.00
IPO Market price
₹287.64 Cr
IPO Details
| IPO Date | 8 Oct |
| IPO Listing Date | 8 Oct |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹136.00 |
| IPO Issue Size | 57,60,000 shares |
| IPO Sale Type | Fresh Capital & OFS |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE SME Platform |
| Share Holding Pre Issue | 1,65,30,000 |
IPO Timeline
| IPO Open Date | 30 Sep |
| IPO Close Date | 3 Oct |
| IPO Allotment (Tentative) | 6 Oct |
| Refunds | 7 Oct |
| Credit to Demat Account | 7 Oct |
| IPO Listing Date | 8 Oct |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 27,32,000 |
| NII (HNI) Shares Offered | 8,20,000 |
| Retail Shares Offered | 19,14,000 |
IPO Lot Size
Investors can bid for a minimum of 2,000 shares, with additional shares available in multiples of 1,000.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹2,72,000 |
| Retail (Max) | 2 | 2,000 | ₹2,72,000 |
| S-HNI (Min) | 3 | 3,000 | ₹4,08,000 |
| S-HNI (Max) | 7 | 7,000 | ₹9,52,000 |
| B-HNI (Min) | 8 | 8,000 | ₹10,88,000 |
Incorporated in 2021, Zelio E-Mobility Limited is engaged in the manufacturing, assembly, and supply of electric vehicles, including electric two-wheelers and three-wheelers. The company operates under the brand names “Zelio” for electric two-wheelers and “Tanga” for electric three-wheelers, with a strong focus on sustainable and eco-friendly mobility solutions that offer lower emissions, reduced noise levels, and improved energy efficiency.
Zelio E-Mobility operates from a manufacturing facility spread over 24,458.01 square meters in Ladwa, Haryana. The facility is equipped with advanced machinery and has an annual production capacity of 72,000 electric vehicles, encompassing both two-wheelers and three-wheelers.
Product Portfolio
The company’s product portfolio includes a wide range of electric vehicles such as EEVA, EEVA ZX, GRACY, Legender, Mystery, and XMen, catering to diverse customer requirements in the electric mobility segment.
As of August 31, 2025, Zelio E-Mobility employed approximately 193 personnel across various levels of the organization, excluding the board of directors.
Competitive Strengths
Extensive dealer network covering major regions across India
Strong quality assurance systems ensuring consistent and standardized product quality
Revenue derived from a geographically diversified customer base
Proven track record of financial growth and performance
Experienced promoters and senior management supported by a capable marketing team
Company Financials (Consolidated)
| Assets | 65.79 | 29.08 | 15.47 |
| Total Income | 173.8 | 94.9 | 51.62 |
| Profit After Tax | 16.01 | 6.31 | 3.06 |
| EBITDA | 21.02 | 8.76 | 4.02 |
| NET Worth | 26.67 | 10.67 | 4.36 |
| Reserves and Surplus | 10.14 | 10.64 | 4.33 |
| Total Borrowing | 30.68 | 14.11 | 9.59 |
Key Performance Indicator (KPI
| ROE | 85.75% |
| ROCE | 36.86% |
| Debt/Equity | 1.32 |
| RoNW | 60.02% |
| PAT Margin | 9.30% |
| EBITDA Margin | 12.21% |
| Price to Book Value | 21.09 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | 8 |
| 3 | To meet out the General Corporate Purposes; | 9.09 |
| 4 | Offer for Sale (OFS) | - |
Contact Details
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/
Detail Registrar
IPO Registrar
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
The IPO opened on 30 September 2025 and closed on 3 October 2025. The shares were allotted on 6 October 2025 and listed on the BSE SME platform on 8 October 2025.
The IPO price band was fixed between ₹129 and ₹136 per share. Investors had to apply for a minimum of 2,000 shares, requiring an investment of ₹2,72,000 at the upper price.
Zelio E-Mobility raised around ₹78 crore through a book-built issue, comprising a fresh issue of ₹62.84 crore and an offer for sale of 11,40,000 equity shares.
The IPO reserved 50% for Qualified Institutional Buyers, 15% for Non-Institutional Investors, and 35% for retail investors under the book-building allocation structure.
For FY2025, the company reported revenue of ₹173.80 crore and profit of ₹16.01 crore, reflecting strong growth of 83% in revenue and 154% in net profit year-on-year.
Zelio E-Mobility manufactures and supplies electric two-wheelers and three-wheelers under the “Zelio” and “Tanga” brands, focusing on sustainable and eco-friendly mobility solutions across India.
The shares were listed on the BSE SME platform. Maashitla Securities Pvt. Ltd. acted as the IPO registrar, managing allotment, refunds, and investor-related services.
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