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Zelio E-Mobility Ltd. IPO is a Book Build Issue
The equity shares are proposed to be listed on the BSE SME. Hem Securities Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Zelio E-Mobility IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Fresh Issue | 52,80,000 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | 11,40,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,65,30,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Sun, Mar 30, 2025 |
| SEBI/Exchange approval received | Fri, Aug 22, 2025 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2021, Zelio E-Mobility Limited is engaged in manufacturing, assembling and supplying of electric vehicles like two-wheelers and three-wheelers.
The company, operating under the brands "Zelio" (E-2Ws) and "Tanga" (3Ws), focuses on producing eco-friendly electric vehicles with lower emissions, reduced noise, and energy sustainability, supported by a wide dealer network.
The company operates from a 24,458.01 sq. meter facility in Ladwa, Haryana, with an annual production capacity of 72,000 electric two-wheelers and three-wheelers, using advanced machinery for manufacturing and assembly.
Product Portfolio:
The product portfolio comprises of various electric 2- wheelers and 3- wheelers are EEVA, EEVAZX,GRACY, Legender, Mystery, XMen.
As on February 28, 2025, the company has employed around 176 employees excluding board of directors at various levels of the organization.
Competitive Strengths:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 53.89 | 29.08 | 15.47 | 8.57 |
| Total Income | 76.04 | 94.9 | 51.62 | 13.03 |
| Profit After Tax | 7.05 | 6.31 | 3.06 | 1.27 |
| Net Worth | 17.71 | 10.67 | 4.36 | 1.3 |
| Reserves and Surplus | 17.68 | 10.64 | 4.33 | 1.27 |
| Total Borrowing | 21.97 | 14.11 | 9.59 | 3.73 |
| Amount in ₹ Crore | ||||
| KPI | Values |
|---|---|
| ROE | 83.99% |
| ROCE | 34.84% |
| Debt/Equity | 1.32 |
| RoNW | 59.15% |
| PAT Margin | 6.68% |
The Company Zelio E-Mobility IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Repayment and/or pre-payment, in full or part, of borrowing availed by the Company | 245 |
| 2 | Funding the Capital Expenditure requirements towards setting up of a new manufacturing unit | 238.9 |
| 3 | To Meet Working Capital Requirement | |
| 4 | General Corporate Purpose |
Zelio E-Mobility Ltd.
Shop No. 542,
1st Floor, Auto Market,
Hisar – 125001
Hisar, Haryana, 125001
Phone: +91 9254993057
Email: cs@zelioebikes.com
Website: http://www.zelioebikes.com/
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Zelio E-Mobility IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at . The minimum order quantity is .
The Zelio E-Mobility IPO open and close dates are not available as of now.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Zelio E-Mobility IPO using UPI as a payment gateway. Zerodha customers can apply in Zelio E-Mobility IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Zelio E-Mobility IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Zelio E-Mobility IPO dates are not announced. Please check back again after some time.
Zelio E-Mobility IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Zelio E-Mobility IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Zelio E-Mobility IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Zelio E-Mobility IPO allotment status.
The Zelio E-Mobility IPO listing date is not yet announced. The tentative date of Zelio E-Mobility IPO listing is [.].
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