Shyam Dhani Industries IPO vs Zelio E-Mobility IPO

Comparison between Shyam Dhani Industries IPO and Zelio E-Mobility IPO.

IPO Details

Shyam Dhani Industries IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Zelio E-Mobility IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Shyam Dhani Industries IPO is up to ₹36.53 Cr whereas the issue size of the Zelio E-Mobility IPO is up to ₹74.34 Cr. The final issue price of Shyam Dhani Industries IPO is ₹70.00 per share and of Zelio E-Mobility IPO is ₹136.00 per share.

 Shyam Dhani Industries IPOZelio E-Mobility IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹65.00 per share₹129.00 per share
Issue Price (Upper)₹70.00 per share₹136.00 per share
Issue Price (Final)₹70.00 per share₹136.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size2000 shares1000 shares
Fresh Issue Size52,18,000 shares43,26,000 shares
Fresh Issue Size (Amount)up to ₹36.53 Crup to ₹58.83 Cr
OFS Issue Size0 shares11,40,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹15.50 Cr
Issue Size Total52,18,000 shares54,66,000 shares
Issue Size Total (Amount)up to ₹36.53 Crup to ₹74.34 Cr

IPO Timetable

Shyam Dhani Industries IPO opens on Dec 22, 2025, while Zelio E-Mobility IPO opens on Sep 30, 2025. The closing date of Shyam Dhani Industries IPO and Zelio E-Mobility IPO is Dec 24, 2025, and Oct 03, 2025, respectively.

 Shyam Dhani Industries IPOZelio E-Mobility IPO
Anchor Bid DateDec 19, 2025Sep 29, 2025
Issue OpenDec 22, 2025Sep 30, 2025
Issue CloseDec 24, 2025Oct 03, 2025
Basis Of Allotment (Tentative)Dec 26, 2025Oct 06, 2025
Initiation of Refunds (Tentative)Dec 29, 2025Oct 07, 2025
Credit of Share (Tentative)Dec 29, 2025Oct 07, 2025
Listing date (Tentative)Dec 30, 2025Oct 08, 2025
Anchor Lockin End date 1Jan 24, 2026Nov 05, 2025
Anchor Lockin End date 2Mar 25, 2026Jan 04, 2026

Financials & KPIs

Shyam Dhani Industries IPO P/E ratio is 13.19, as compared to Zelio E-Mobility IPO P/E ratio of 14.04.

 Shyam Dhani Industries IPOZelio E-Mobility IPO
Financials

Company Financials (Restated Consolidated)

Shyam Dhani Industries Ltd.'s revenue increased by 16% and profit after tax (PAT) rose by 28% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets88.7982.4752.8427.51
Total Income63.83124.75107.6468.10
Profit After Tax4.208.046.302.92
EBITDA8.6614.5210.885.97
NET Worth27.8123.6115.569.26
Reserves and Surplus12.938.7314.428.12
Total Borrowing48.1847.2424.4512.75
Amount in ₹ Crore

Company Financials (Restated)

Zelio E-Mobility Ltd.'s revenue increased by 83% and profit after tax (PAT) rose by 154% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets65.7929.0815.47
Total Income173.8094.9051.62
Profit After Tax16.016.313.06
EBITDA21.028.764.02
NET Worth26.6710.674.36
Reserves and Surplus10.1410.644.33
Total Borrowing30.6814.119.59
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)98.11100
Promoter Shareholding (Post-Issue)7275.77
P/E Ratio13.1914.04
Market Cap₹144.59 Cr.₹287.64 Cr.
ROE41.0685.75
ROCE39.0036.86
Debt/Equity2.001.32
EPS₹5.31₹9.68
RoNW34.0760.02

Shares Offered

In the Shyam Dhani Industries IPO Retail Individual Investors (RII) are offered 18,28,000 shares while in Zelio E-Mobility IPO retail investors are offered 18,28,000 shares. Qualified Institutional Buyers (QIB) are offered 10,44,000 shares in Shyam Dhani Industries IPO and 10,93,000 shares in Zelio E-Mobility IPO.

 Shyam Dhani Industries IPOZelio E-Mobility IPO
Anchor Investor Reservation15,60,000 shares16,39,000 shares
Market Maker Reservation2,80,000 shares2,94,000 shares
QIB10,44,000 shares10,93,000 shares
NII7,86,000 shares8,20,000 shares
RII18,28,000 shares19,14,000 shares
Employee0 shares0 shares
Others
Total52,18,000 shares54,66,000 shares

Bids Received (Subscription)

Shyam Dhani Industries IPO subscribed 988.29x in total, whereas Zelio E-Mobility IPO subscribed 1.50x.

 Shyam Dhani Industries IPOZelio E-Mobility IPO
QIB (times)256.24x1.61x
NII (times)1,612.65x1.76x
Big NII (times)1,849.56x2.31x
Small NII (times)1,138.83x0.65x
RII (times)1,137.92x1.32x
Employee (times)
Other (times)
Total (times)988.29x1.50x

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Shyam Dhani Industries IPO Vs Zelio E-Mobility IPO