Zelio E-Mobility, a rapidly expanding electric two- and three-wheeler manufacturer that has been doubling its growth year-over-year, announced that its SME IPO is going live today, 30th September 2025. With today’s listing, Zelio strengthens its position in India’s electric mobility market, building on years of strong performance and industry-leading innovation.
The EV two-wheeler brand has crossed sales of 1 lakh low-speed scooters across India, cementing its reputation as a fast-growing and reliable name in the sector. In FY25, the company reported ₹172 crore in revenue, ₹21 crore EBITDA, and ₹16 crore PAT, reflecting an impressive 83% CAGR in revenue and 128% CAGR in PAT between FY23 and FY25.
Commenting on the IPO, Kunal Arya, Managing Director of Zelio E-Mobility, said, “Today, as the Zelio E-Mobility SME IPO goes live, we are entering an exciting new chapter for our company and for India’s EV journey. Over the past few years, we have worked tirelessly to build a brand that is trusted, innovative, and profitable. This IPO is a chance to bring investors along on our journey, helping us expand our operations, invest in advanced manufacturing, and accelerate the adoption of electric mobility across India. We are proud of what we have achieved, and this milestone motivates us to push boundaries, deliver even better products, and set new benchmarks for the EV industry.”
The IPO, valued at ₹78 crore, consists of 57,60,000 equity shares of ₹10 each, including a Fresh Issue of 46,20,000 shares and an Offer for Sale of 11,40,000 shares. Priced in the range of ₹129–₹136 per share with a lot size of 2000 shares, the minimum application value is ₹2,58,000–₹2,72,000. The issue will remain open until 3rd October 2025, with anchor allocation completed on 29th September 2025.
Hem Securities Ltd. has been appointed as the Book Running Lead Manager to the issue, while Maashitla Securities Pvt Ltd will serve as the Registrar. The company’s promoters are Niraj Arya, Kunal Arya, and Deepak Arya. Proceeds from the IPO are planned to be deployed towards repayment and pre-payment of borrowings, capital expenditure for establishing a new manufacturing facility, meeting working capital needs, and general corporate purposes.
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