Zelio E-Mobility, a fast-growing manufacturer of electric two- and three-wheelers, has announced its ₹78 crore SME IPO, marking a major step in its expansion strategy and commitment to India’s electric mobility transformation. The IPO will open for subscription on 30th September and close on 3rd October 2025, with anchor investor allocation scheduled for 29th September 2025.
The offering will comprise 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. The price band is set at ₹129–₹136 per share, with a lot size of 2,000 shares, translating to a minimum investment of ₹2.58–₹2.72 lakh per lot. Proceeds will be used to repay and prepay borrowings, fund capital expenditure for a new manufacturing facility, meet working capital needs, and for general corporate purposes.
Zelio E-Mobility reported FY25 revenue of ₹172 crore, EBITDA of ₹21 crore, and PAT of ₹16 crore, supported by a strong CAGR of 83% in revenue and 128% in PAT over FY23–25. Commenting on the IPO, Kunal Arya, Managing Director, said, “Demand for EVs is outpacing our capacity. This IPO will help us accelerate capacity expansion, launch new models, and strengthen after-sales service to meet growing customer expectations.” Hem Securities Ltd. is the Book Running Lead Manager, while Maashitla Securities Pvt Ltd is the Registrar to the Issue.
Founded in 2021 and headquartered in Haryana, Zelio E-Mobility focuses on delivering eco-friendly, durable, and stylish electric scooters designed for Indian roads. With a network of over 300+ dealers across the country, the company prioritizes R&D to bring innovative, technology-driven solutions that enhance user experience. Its product line is known for strong performance, appealing design, and efficiency, backed by dependable customer support and a mission to promote a sustainable future.
