Zelio E-Mobility, a fast-growing electric two- and three-wheeler manufacturer, has announced the launch of its ₹78 crore SME IPO. The issue will open for subscription on September 30, 2025, and close on October 3, 2025, with anchor investor allocation slated for September 29, 2025.
The IPO comprises a Fresh Issue of 46,20,000 equity shares and an Offer for Sale of 11,40,000 equity shares, aggregating to 57,60,000 shares of ₹10 each. The price band has been 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.
In FY25, Zelio reported revenue of ₹172 crore, EBITDA of ₹21 crore, and PAT of ₹16 crore. With a net worth of ₹26.67 crore and ROE/ROCE of 59.96%, the company delivered an impressive revenue CAGR of 83% and PAT CAGR of 128% between FY23–FY25.
Kunal Arya, Managing Director of Zelio E-Mobility, said,
“We are doubling our growth every year, but the market is growing even faster. This IPO comes at the right time to accelerate expansion, launch new models, and strengthen after-sales support as we scale to meet rising demand.”
Proceeds from the IPO will be used for repayment of borrowings, setting up a new manufacturing unit, meeting working capital requirements, and general corporate purposes. Hem Securities Ltd. is acting as the Book Running Lead Manager, while Maashitla Securities Pvt Ltd. is the Registrar.
The promoters of Zelio E-Mobility include Niraj Arya, Kunal Arya, and Deepak Arya.
Also Read: New ZELIO Gracyi e-Scooter: Up to 140 km Range, from ₹58.5K
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