New Delhi, 8 October 2025 – Zelio E-Mobility, a fast-growing manufacturer of electric two- and three-wheelers, made a robust entry into the capital markets as its shares listed at ₹154.90 on the BSE—marking a 13.9% premium over the issue price of ₹136. The stock quickly hit the 5% upper circuit at ₹162.60, reflecting strong investor confidence and demand.
Investors who subscribed to the minimum lot of 1,000 shares saw an initial paper gain of ₹18,900 on an investment of ₹1,36,000. The IPO, priced in the band of ₹128–135, raised ₹78.34 crore, comprising a fresh issue of ₹58.84 crore and an Offer-for-Sale (OFS) of 11.4 lakh equity shares worth ₹15.50 crore.
The offering received an overall subscription of 1.5x, with strong interest across categories:
- QIBs subscribed 1.61x
- NIIs subscribed 1.76x
- Retail investors subscribed 1.32x
Anchor investors contributed ₹22.3 crore, further validating the company’s growth potential and business model.
At the Bell Ring ceremony in Gurugram, Kunal Arya, Managing Director of Zelio E-Mobility, stated:
“This IPO is not just a financial milestone—it’s a symbol of trust. The overwhelming investor response reflects belief in our mission for a cleaner, greener India. The funds will fuel our expansion in manufacturing, R&D, and dealer networks, while reinforcing our commitment to innovation and governance.”
Founded in 2021, Zelio E-Mobility manufactures and supplies electric vehicles under the brands ‘Zelio’ (two-wheelers) and ‘Tanga’ (three-wheelers). With a fleet designed for low emissions, reduced noise, and high energy efficiency, the company operates through a 300+ dealer network across India.
Hem Securities acted as the Book Running Lead Manager, Maashitla Securities served as Registrar, and Hem Finlease is the designated market maker. As an SME IPO, Zelio is listed exclusively on the BSE.
About Zelio E-Mobility Ltd.
Headquartered in Haryana, Zelio E-Mobility was founded in 2021 with a mission to engineer sustainable mobility solutions. Known for its stylish, high-performance e-scooters and three-wheelers, Zelio combines R&D excellence with a pan-India dealer network to deliver eco-friendly, user-friendly electric vehicles. Learn more at www.zelioev.com
