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Zelio E-Mobility IPO
1.57xsubscribed

Zelio E-Mobility IPO

listed
₹2.58LMin. investment

Zelio E-Mobility Limited IPO Details

Price range₹129 – ₹136
IPO type
SME
Lot size1000 shares
Issue size₹78Cr
Draft Red Herring Prospectus
Read

Zelio E-Mobility IPO Subscription Status

Date
QIB
NII
Retail
Total
30-Sep-25
0.0 times (X)
0.02 times (X)
0.2 times (X)
0.39 times (X)
01-Oct-25
0.27X
0.13X
0.24X
0.58X
02-Oct-25
0.27X
0.13X
0.24X
0.58X
03-Oct-25
1.25X
0.44X
1.32X
1.57X

As on 30-Sep-25, 5:30 PM

Zelio E-Mobility IPO Timeline

  1. Pre-apply
    29 Sep 2025
  2. Bid start
    30 Sep 2025
  3. Bid end
    3 Oct 2025
  4. Allotment
    6 Oct 2025
  5. Release of funds
    7 Oct 2025
  6. Demat transfer
    7 Oct 2025
  7. Listing
    8 Oct 2025

About Zelio E-Mobility Limited

Incorporated in 2021, Zelio E-mobility Ltd is a manufacturer of electric vehicles, primarily engaged in manufacturing, assembling, and supplying electric 2Ws under the brand name "Zelio" and 3Ws under the brand name "Tanga". Its manufacturing facility is located at Hisar, Haryana, with an installed capacity of 72,000 units/annum. In FY25, E-2Ws contributed 96.53% of total revenue, while the rest of the revenue came from the newly incorporated 3Ws segment. The company has a network of 337 dealers spread across 20+ states and UTs in India, with a primary focus on B2B transactions. The E-2W range includes models such as EEVA, EEVAZX, Gracy, Legender, Mystery, and X-Men, while the E-3W segment comprises Tanga and Tanga e-Loader variants. The top 10 states contributed 88.99% of total sales in FY25, with Haryana leading at 26.34%.

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Objectives of Zelio E Mobility Limited IPO

Repayment of loans
31.80%
The company will utilise ₹20 crore towards repayment of borrowings
Capital expenditure
30.90%
The company will utilise ₹19.44 crore to set up a new manufacturing unit
General corporate purposes
24.40%
Part of the IPO proceeds will be used for general corporate purposes
Working capital
12.70%
The company will utilise ₹8 crore towards funding working capital requirements.

Zelio E-Mobility IPO Contact Details

Company NameZelio E-Mobility Limited

How to apply for Zelio E-Mobility IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Zelio E Mobility Limited IPO FAQs