Zelio E-Mobility IPO
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Schedule of Zelio E-Mobility
| Issue open date | 30 Sep 2025 |
| Issue close date | 03 Oct 2025 |
| UPI mandate deadline | 03 Oct 2025 (5 PM) |
| Allotment finalization | 06 Oct 2025 |
| Refund initiation | 07 Oct 2025 |
| Share credit | 07 Oct 2025 |
| Listing date | 08 Oct 2025 |
| Mandate end date | 18 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 05 Nov 2025 |
| Lock-in end date for anchor investors (remaining) | 04 Jan 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Zelio E-Mobility
Zelio E-Mobility manufactures and supplies electric two- and three-wheelers under the brands “Zelio” and “Tanga.” Founded by Niraj, Kunal, and Deepak Arya, it runs a 72,000-unit capacity plant in Hisar, Haryana, producing various E-2W and E-3W models through outsourced parts and in-house assembly. The ISO-certified company operates pan-India with 280 dealers across 20+ states, focusing on B2B sales and offering eco-friendly, low-emission transport solutions.
Financials of Zelio E-Mobility
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹78.34 crores |
| Fresh Issue | ₹58.83 crores |
| Offer for Sale | ₹15.50 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment and/or pre-payment of borrowing | 24.5 (41.65%) |
| Funding the Capital Expenditure | 23.88 (40.59%) |
| 40.59Working Capital Requirement | 5.23 (8,88%) |
| General Corporate Purpose | 5.23 (8.88%) |
Strengths
- Strong ties with asset management companies and clients.
- Wide dealer and customer network with presence in Tier-II and Tier-III cities.
- Balanced model combining physical and digital presence.
- Technology and integration expertise for seamless operations.
- Experienced and qualified management team driving growth.
Risks
- Heavy reliance on a few key customers and regions.
- Business linked to market conditions and fund performance.
- Regulatory changes can impact commission and operations.
- Dependence on third-party approvals and licenses.
- Any adverse legal rulings may materially affect operations and finances.
Allotment Status for Zelio E-Mobility
To check your allotment status – click here.
Subscription Figures for Zelio E-Mobility
As per media reports (Link), the Grey Market Premium (GMP) of Zelio E-Mobility is reported at ₹0 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on September 30, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 10.93 | 10.93 | 1.00x |
| NII | 8.20 | 0.19 | 0.02x |
| Retail | 19.14 | 3.90 | 0.20x |
| Total | 38.27 | 15.02 | 0.39x |