Zelio E-Mobility IPO

About the company

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%.

Financial performance (₹ Cr)

Subscription breakup (final, times)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   30 Sept 2025

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   03 Oct 2025

   Last day to place your bid

3. Basis of Allotment

   Completed
   06 Oct 2025

   Share allotment finalised

4. Refund Initiation

   Completed
   07 Oct 2025

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   07 Oct 2025

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   08 Oct 2025

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.