
Emerging SME Services · BSE
Zelio E-Mobility Limited, incorporated in 2021, is engaged in the manufacturing, assembling, and supply of electric two-wheelers and three-wheelers under the brands “Zelio” and “Tanga.” The company focuses on eco-friendly mobility solutions that reduce emissions, noise, and energy consumption, supported by a strong dealer network. Operating from a 24,458 sq. meter facility in Ladwa, Haryana, it has an annual capacity to produce 72,000 vehicles using advanced machinery. Its product range includes electric models like EEVA, EEVAZX, GRACY, Legender, Mystery, and XMen. As of February 28, 2025, Zelio E-Mobility employed about 176 people across various roles.
Price Band
₹129 – ₹136
Issue Size
₹78.34 Cr
Lot Size
1000 shares
GMP
Est. Listing
₹136
at current GMP
Subscribed
1.57x
overall
Open
30 Sep 2025
Close
3 Oct 2025
Allotment
6 Oct 2025
Refund
7 Oct 2025
Demat Credit
8 Oct 2025
Listing
8 Oct 2025
Designated Registrar: Maashitla Securities Private Limited
Allotment Date
6 Oct 2025
Basis finalization
Refunds Initiate
7 Oct 2025
Mandate release
Demat Credit
8 Oct 2025
Shares in demat
Listing Debut
8 Oct 2025
Trading begins
Zelio E-Mobility Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹78.34 Crores. The shares are offered at a price band of ₹129 to ₹136 per equity share on BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1000 shares (approx. ₹1,36,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Maashitla Securities Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-10-08, while un-allotted funds or UPI block mandates will be released on 2025-10-07.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.