Zelio E-Mobility Ltd (BSE SME)

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Zelio E-Mobility

September 30, 2025 – October 3, 2025

Price ₹129 - ₹136
GMP Rumors * ₹0
Lot size 1000
Issue size ₹78.34 cr
Allotment Oct 6, 2025
Listing Oct 8, 2025

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Live Rate

Open
High
Low
Prev. Close
Lower circuit
Upper circuit
52w High
52w Low
P/E Ratio

Zelio E-Mobility Listing Price

Exchange Listing Price Gain/Loss %
BSE ₹154.90 +₹18.90 +13.90%

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Shareholding Pattern


Zelio E-Mobility Subscription

Last updated on 03-Oct-2025 18:27:08

CategoryOfferedAppliedTimes
QIBs109300017560001.61
HNIs82000014410001.76
bHNI54700012620002.31
sHNI2730001790000.66
Individual191400025300001.32
Total382700057270001.5
Application-Wise Breakup img
CategoryReservedAppliedTimes
HNIs (10L+)182250.14
HNIs (3-10L)91560.62
Individual95712651.32
QIB Interest Cost Per Share (7 Days)
@7%
₹0.3
@8%
₹0.3
@9%
₹0.4
@10%
₹0.4
@11%
₹0.5
@12%
₹0.5

Zelio E-Mobility Lot(s) Distribution

Category Lot(s) Qty Amount Reserved
bHNI 8 8000 1088000 182

Zelio E-Mobility Reservation

Category Shares Offered %
Anchor 1639000 28.45%
QIB 1093000 18.98%
HNI 820000 14.24%
INDIVIDUAL 1914000 33.23%
Market Maker 294000 5.1%
Total 5760000 100%

Zelio E-Mobility About

Zelio E-Mobility IPO Details
Total Issue Size57,60,000 shares (aggregating up to 78.34 Cr)
Fresh Issue46,20,000 shares (aggregating up to 62.83 Cr)
Offer for Sale11,40,000 shares  (aggregating up to 15.50 Cr)
Issue TypeBookbuilding IPO
Listing AtBSE SME
Share Holding Pre Issue1,65,30,000 shares
Share Holding Post Issue2,11,50,000 shares
Reserved for Market Maker2,94,000 shares (aggregating up to 4.00 Cr)
Market MakerHem Finlease Pvt.Ltd.
Key Performance Indicator (KPI)
KPIMar-25Mar-24Mar-23
ROE85.75%83.99%108.00%
ROCE36.86%34.84%29.61%
EPS
(basic)
9.683.821.85
P/E Pre IPO14.04
P/E Post IPO17.97
Financial Details in Crores
Period EndedMar-25Mar-24Mar-23
Assets65.7929.0815.47
Total Income173.894.951.62
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
Peer Comparision (Valuation)
CompanyP/E (x)Face value CMP
Zelio E-Mobility Limited-10-
Delta Corp Ltd.12.681069.6
Tunwal E-motors Limited13.47231.25
Source:RHP,All the financial information for listed industry peers mentioned above is sourced from the Prospectus and Annual Reports of the aforesaid companies for the year ended March 31, 2025 and stock exchange data dated September 16, 2025 to compute the corresponding financial ratios. For Company, we have taken Current Market Price as the Offer price of equity share. Further, P/E Ratio is based on the current market price of the respective scripts.
Peer Comparision (Financial Performance)
CompanyNAV/Share RoNW (%)EPS (Basic) 
Zelio E-Mobility Limited-60.029.68
Delta Corp Ltd.-11.55.49
Tunwal E-motors Limited-11.562.32
Company Overview

Business: Manufacturer, assembler, and supplier of electric 2-wheelers (brand Zelio) and 3-wheelers (brand Tanga).

Focus: Eco-friendly EVs with low emissions, reduced noise, and energy sustainability, supported by a strong dealer network.

Facility: 24,458.01 sq. m. plant in Ladwa, Haryana, with annual capacity of 72,000 EVs, equipped with advanced machinery.

Products: EEVA, EEVA ZX, GRACY, Legender, Mystery, XMen (2Ws & 3Ws).

Employees: ~176 (as of Feb 28, 2025).

Strength

Wide dealer network across India – ensures strong market reach.

Diverse revenue streams – reduces dependency on a single product line.

Experienced leadership team – proven expertise supports growth and strategy.

Weakness

Limited operating history – makes performance evaluation difficult for investors.

Dependence on few local suppliers – supply disruptions can affect operations.

Heavy reliance on Chinese imports – geopolitical or trade issues may impact procurement and revenue.

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Zelio E-Mobility Latest Announcements

Date Subject Attachment Text Pdf

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Zelio E-Mobility Financial Results

Zelio E-Mobility Lead Manager(s)

Zelio E-Mobility Address

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/

Zelio E-Mobility Registrar

Maashitla Securities Private Limited
Address: Maashitla Securities Private Limited 451, Krishna Apra Business Square Netaji Subhash Place Pitampura, Delhi, 110034

Zelio E-Mobility Reviewers

Reviewer Recommendation File