Zelio E-Mobility IPO Details

The Zelio E-Mobility IPO opened for subscription on Tuesday, September 30, 2025, and will close on October 3, 2025. Through this issue, the company aims to raise around ₹78.34 crores. The IPO has been categorized as an SME IPO and will be listed on the BSE.

• IPO Price Band: ₹129 – ₹136 per equity share
• Retail Quota: 35%
• QIB Quota: 50%
• NII Quota: 15%
• Minimum Lot Size: 2,000 shares
• Minimum Application Amount: ₹2,72,000

Business Overview

Zelio E-Mobility Limited, incorporated in 2021, is engaged in the manufacturing, assembling, and selling of electric two-wheelers and three-wheelers.

• Operates under the “Zelio” brand for electric two-wheelers and “Tanga” brand for electric three-wheelers.
• Focuses on eco-friendly mobility solutions that reduce pollution, lower noise levels, and conserve energy.
• Supported by a wide dealer network that strengthens market reach and consumer accessibility.

The company runs its operations from a 24,458 sq. meter facility in Ladwa, Haryana, equipped with advanced machinery for manufacturing and assembly. The facility has an annual production capacity of 72,000 vehicles (two-wheelers and three-wheelers combined).

Going forward, the company plans to expand its product range and build strong partnerships with both new and existing business associates.

IPO Investor Categories

• Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds
• Non-Institutional Investors (NII): Individual Investors, NRIs, Companies, Trusts, etc.
• Retail Individual Investors (RII): Retail Investors or NRIs applying under retail quota
• Employees (EMP): Eligible Employees of the company
• Others: Eligible Shareholders

IPO Review & Rating

Market experts suggest that investors may consider subscribing to the Zelio E-Mobility IPO with a long-term investment perspective, given the growth potential in India’s EV sector.

How to Apply for the Zelio E-Mobility IPO

You can apply for the IPO in two ways:

1. ASBA (Application Supported by Blocked Amount):
   • Login to your online bank account.
   • Go to the Invest section.
   • Select the Zelio E-Mobility IPO and apply directly.
2. Offline IPO Form:
   • Download the IPO application form online.
   • Fill in the required details.
   • Submit it at your bank branch or with your broker.