IPO Subscription Opens on 30th September and Closes on 3rd October
Zelio E-Mobility, a rapidly expanding electric two and three-wheeler manufacturer that has been doubling its growth year-over-year, today announced its ₹78 crore SME IPO – a move that signals not just expansion, but a bold declaration of intent in India’s rapidly evolving electric vehicle ecosystem. The IPO opens for subscription on Tuesday, 30th September, and closes on 3rd October.
In FY25, the company posted revenue of ₹172 crore, EBITDA of ₹21 crore, and PAT of ₹16 crore. Its net worth stood at ₹26.67 crore, while ROE/ROCE was 59.96%. Between FY23-25, the company delivered a revenue CAGR of 83% and a PAT CAGR of 128%, underscoring its strong growth trajectory.
The IPO is structured as a combination of a Fresh Issue and Offer for Sale, comprising a total of 57,60,000 equity shares of ₹10 each. This includes a Fresh Issue of 46,20,000 equity shares to raise new capital for the company, and an Offer for Sale of 11,40,000 equity shares. It is scheduled to open for subscription on 30th September 2025 and close on 3rd October 2025, with anchor investor allocation on 29th September 2025.
The IPO will have a price band of ₹129–₹136 per share, with a lot size of 2000 shares and multiples thereof, making the minimum application value per lot ₹2,58,000–₹2,72,000.
Commenting on the IPO, Kunal Arya, Managing Director of Zelio E-Mobility, said, “We are doubling our growth every year, but the market is growing even faster. With demand outpacing our capacity, this IPO comes at the right time to accelerate expansion and innovation. The proceeds will enable us to build world-class facilities, launch new models, strengthen after-sales support, and meet the rising expectations of our customers. We are grateful to our team, partners, and customers for their support, and this milestone is a step forward in our journey to drive India’s transition to electric mobility.”
Hem Securities Ltd. has been appointed as the Book Running Lead Manager, and Maashitla Securities Pvt Ltd will act as the Registrar to the Issue. The company’s promoters are Niraj Arya, Kunal Arya, and Deepak Arya. Proceeds from the IPO will be primarily utilised for repayment and pre-payment of borrowings, funding capital expenditure towards setting up a new manufacturing unit, meeting working capital requirements, and general corporate purposes.”
About ZELIO E Mobility Ltd.
ZELIO E Mobility Ltd. headquarter in Haryana, founded in 2021 with a mission to create vehicles that drive our present towards a sustainable future. ZELIO E-Mobility offer a range of sturdy and comfortable e-scooters, available in a variety of vibrant colours. Known for their stylish looks, powerful features, and excellent mileage, ZELIO E-Mobility’s products are designed to win hearts across the nation. With over 300+ dealers nationwide, ZELIO E-Mobility’s strength lies in its extensive research and development. This focus on innovation ensures that their products are industry-leading in terms of technology and user experience. ZELIO E-Mobility is committed to providing easy-to-handle, environmentally friendly vehicles supported by reliable customer service.
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