
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
Overall Subscription
1.57x
Total Demand
QIB Multiplier
1.61x
Institutions & Funds
NII / HNI
2.12x
High Net-Worth
Retail (RII)
1.32x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,093,000 | 1,756,000 | 1.61x |
| NIB | 820,000 | 1,735,000 | 2.12x |
| HNIs(10L +) | 547,000 | 1,556,000 | 2.84x |
| HNIs (2-10L) | 273,000 | 179,000 | 0.66x |
| RETAIL | 1,914,000 | 2,530,000 | 1.32x |
| Total | 4,647,000 | 7,756,000 | 1.57x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 957 | 1,265 | 1.32x |
| HNIs(10L +) | 182 | 25 | 0.14x |
| HNIs (2-10L) | 91 | 56 | 0.62x |
| Total Applications | 1,230 | 1,346 | 1.09x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Currently, Zelio E-Mobility Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹129 to ₹136 per equity share.
The retail lot size is 1000 shares requiring a minimum application amount of ₹1,36,000. Expected listing price is ₹136 per equity share.
The Zelio E-Mobility Limited IPO aggregate issue size is ₹78.34 Crores with an equity price band set at ₹129 to ₹136 per equity share. The retail lot size is 1000 shares requiring a minimum capital outlay of approx. ₹1,36,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 1.57x (Retail: 1.32x, QIB: 1.61x, NII: 2.12x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Maashitla Securities Private Limited) and the BSE status verification website on or around 2025-10-06. Investors can verify status using PAN card or application number.
Zelio E-Mobility Limited shares are scheduled to list on BSE on 2025-10-08.