Zelio E-Mobility IPO is a book-built issue worth ₹78.34 crore, comprising a fresh issue of 0.46 crore shares aggregating to ₹62.83 crore and an offer for sale of 0.11 crore shares aggregating to ₹15.50 crore. The IPO bidding window was open from September 30, 2025, to October 3, 2025, with the allotment expected to be finalised on October 6, 2025. Zelio E-Mobility shares are scheduled to list on the BSE SME platform on October 8, 2025.
The IPO was priced in the range of ₹129–₹136 per share with a lot size of 1,000 shares. The minimum investment for retail investors was ₹2,72,000 (2,000 shares), while the minimum investment for HNIs stood at ₹4,08,000 (3,000 shares).
Zelio E-Mobility IPO witnessed an overall subscription of 1.50 times. The NII category was subscribed 1.76 times, QIBs subscribed 1.61 times, while retail investors subscribed 1.32 times.
● Go to the application status page.
● Select "Equity and SME IPO bids".
● Choose "Zelio E-Mobility" from the Issue Name dropdown.
● Provide your Application Number or PAN.
● Click on Submit.
● Go to the application status page.
● Select "Equity" under the Issue Type.
● Choose "Zelio E-Mobility" from the Issue Name dropdown.
● Provide your Application Number or PAN.
● Click on “I am not a robot” and submit.
● Go to the registrar’s official website
● Select "Zelio E-Mobility" from the company list
● Enter your Client ID, Application Number, or PAN
● Click on Submit
Zelio E-Mobility’s ₹78.34 crore IPO, priced at ₹129–₹136 per share, was subscribed 1.50 times overall. The issue included a fresh issue of 43.26 lakh shares aggregating to ₹58.83 crore and an offer for sale of 11.40 lakh shares aggregating to ₹15.50 crore.
The IPO opened on September 30, 2025, and closed on October 3, 2025, with the allotment scheduled for October 6, 2025. Retail investors subscribed 1.32 times, while HNIs subscribed 1.76 times their reserved portion. Listing is expected on October 8, 2025 on the BSE SME platform.
The table below breaks down the Zelio E-Mobility share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
Investor Category | Shares Offered |
Market Maker Shares Offered | 2,94,000 (5.10%) |
QIB Shares Offered | 27,32,000 (47.43%) |
− Anchor Investor Shares Offered | 16,39,000 (28.45%) |
− QIB (Ex. Anchor) Shares Offered | 10,93,000 (18.98%) |
NII (HNI) Shares Offered | 8,20,000 (14.24%) |
− bNII > ₹10L | 5,46,000 (9.48%) |
− sNII < ₹10L | 2,74,000 (4.76%) |
Retail Shares Offered | 19,14,000 (33.23%) |
Total Shares Offered | 57,60,000 (100.00%) |
Data Source: BSE
Category | Subscription (times) |
Qualified Institutional Buyers (QIB) | 1.61 |
Non-Institutional Investors (NII) | 1.76 |
Retail Individual Investors (RII) | 1.32 |
Total | 1.5 |
Note: The subscription details are as of October 3, 2025
Zelio E-Mobility Limited was incorporated in 2021 and is engaged in the manufacturing, assembling, and supply of electric two-wheelers and three-wheelers. The company operates under the brand names “Zelio” for its two-wheeler models and “Tanga” for its three-wheelers. It aims to provide affordable, eco-friendly mobility solutions, catering to both personal and commercial users. By focusing on electric mobility, the company contributes to reducing emissions and promoting sustainable transportation in India.
The company’s manufacturing operations are based in Ladwa, Haryana, where it operates a facility spread over 24,458.01 sq. metres. The plant is equipped with modern machinery and has an annual production capacity of 72,000 electric vehicles. This facility handles both manufacturing and assembly functions, ensuring product quality and operational efficiency. Zelio has steadily expanded its presence across the country, supported by a growing distribution network and consistent demand for electric vehicles.
Zelio E-Mobility’s product range includes several popular models such as EEVA, EEVAZX, GRACY, Legender, Mystery, and XMen. Each model is designed to balance performance and efficiency, offering customers a reliable alternative to conventional fuel-based two-wheelers and three-wheelers. The company also provides after-sales support through its dealer network, strengthening its brand positioning in the competitive EV market.
As of August 31, 2025, the company employed 193 people across various departments. The promoters of Zelio E-Mobility are Niraj Arya, Kunal Arya, Deepak Arya, and Sayuri Arya. Their collective experience in the automobile sector and focus on innovation have guided the company’s growth strategy, enabling it to scale production, strengthen market presence, and enhance customer reach across multiple regions in India.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Oct 3, 2025, 9:09 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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