Zelio E-Mobility Limited
Bookbuilding IPO · BSE
- Price band
- ₹129 - ₹136
- Lot size
- 1,000 shares
- Issue amount
- ₹78.34 cr
- Total subscription
- 1.57×
- Opens
- 30 Sept 2025
- Closes
- 3 Oct 2025
- Allotment
- 6 Oct 2025
- Listing
- 8 Oct 2025
Offer at a glance
Issue overview
- Issue size
- 57,60,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,29,000
- Fresh issue
- ₹58.83 cr
- Offer for sale
- ₹0 cr
- Registrar
- Maashitla Securities Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,36,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,65,30,000
- Shares after issue
- 2,11,50,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,000 | ₹2,72,000 |
| sHNI | 3 | 3,000 | ₹4,08,000 |
| bHNI | 8 | 8,000 | ₹10,88,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 3 Oct 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 957 | 1,265 |
| HNIs(10L +) | 182 | 25 |
| HNIs (2-10L) | 91 | 56 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 14.86 | 23.88 |
| FIIs | 0 | 5 |
| Others | 0 | 18.88 |
| RETAIL | 26.03 | 34.41 |
| HNIs 2+ | 3.71 | 2.43 |
| HNIs 10+ | 7.44 | 21.16 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 9.68 | 3.82 | 1.85 |
| ROE | 85.75 | 83.99 | 108 |
| ROCE | 36.86 | 34.84 | 29.61 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Delta Corp Ltd. | 12.68 | 69.6 | 10 | NA | 11.5 | 5.49 |
| Zelio E-Mobility Limited | NA | NA | 10 | NA | 60.02 | 9.68 |
| Tunwal E-motors Limited | 13.47 | 31.25 | 2 | NA | 11.56 | 2.32 |
Company information
Company profile
Zelio E-Mobility Limited, incorporated in 2021, is engaged in the manufacturing, assembling, and supply of electric two-wheelers and three-wheelers under the brands “Zelio” and “Tanga.” The company focuses on eco-friendly mobility solutions that reduce emissions, noise, and energy consumption, supported by a strong dealer network. Operating from a 24,458 sq. meter facility in Ladwa, Haryana, it has an annual capacity to produce 72,000 vehicles using advanced machinery. Its product range includes electric models like EEVA, EEVAZX, GRACY, Legender, Mystery, and XMen. As of February 28, 2025, Zelio E-Mobility employed about 176 people across various roles.
Strengths
- Extensive Dealer Network: A strong dealer base across India provides wide market reach.
- Multiple Revenue Sources: Diverse product lines reduce reliance on any single revenue stream.
- Proven Leadership Expertise: An experienced management team drives growth and strategic direction.
Risk factors
- Short Business Track Record: Limited operating history makes it harder for investors to assess performance.
- Reliance on Local Suppliers: Depending on a few suppliers may disrupt operations if supply is affected.
- High Dependence on Chinese Imports: Geopolitical or trade issues with China could impact procurement and revenue.
Promoters
Niraj Arya
Kunal Arya
Deepak Arya
Sayuri Arya
Registrar & documents
Lead manager
Hem Securities Limited
Registrar & contacts
Maashitla Securities Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Shop No. 542, 1st Floor, Auto Market, Hisar, Haryana, 125001
+91 9254993057
[email protected]Company website ↗Understanding ZELIO IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.