Zelio E-Mobility IPO will open on September 30, 2025, and close on October 3, 2025. This is a Book Built Issue through which the company plans to raise about ₹78.34 crores, comprising a fresh issue of ₹62.84 crores and an offer for sale of up to 11,40,000 equity shares with a face value of ₹10 each.

The price band is set at ₹129 to ₹136 per share. The allocation is 35% for retail investors, 50% for QIBs, and 15% for HNIs. The shares are proposed to be listed on the BSE on October 8, 2025, and the basis of allotment is expected on October 6, 2025.

Financially, the company posted revenue of ₹94.90 crores in 2024, up from ₹51.62 crores in 2023, and a profit of ₹6.31 crores in 2024, compared to ₹3.06 crores in 2023. Based on these figures, the IPO is viewed as a good option for long-term investors.

About Zelio E-Mobility IPO

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.