Zelio E-Mobility IPO GMP & Review: Should You Apply or Avoid?

Check Expert’s Verdicts on Zelio E-Mobility IPO

Zelio E-Mobility’s IPO is open for bidding from 30th September 2025 to 3rd October 2025. It is a book-building IPO of ₹78.34 crores, comprising an entirely fresh issue of ₹0.46 crores. The problem will be listed on NSE and SME on its tentative listing date, 8th October 2025. 

Zelio E-Mobility IPO Details 

The Zelio E-Mobility IPO date is fixed between 30th September 2025 and 3rd October 2025. The face value of Zelio E-Mobility’s IPO shares is ₹10 per share, and the IPO price is set between ₹129 and ₹136 per share.

Maashitla Securities Private Limited is the registrar of the Zelio E-Mobility IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below. 

Zelio E-Mobility IPO Share Reservation

Zelio E-Mobility’s IPO is a book-building IPO of ₹78.34 crores, comprising an entirely fresh issue of 0.46 crore shares, which will be listed on the NSE and SME Exchange. Furthermore, SEBI has specified the share reservation criteria for different investor categories. 

Zelio E-Mobility IPO GMP Grey Market Premium

GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Would you like to receive live updates on the Zelio E-Mobility IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

As of September 26, 2025, Zelio E-Mobility’s IPO GMP stands at ₹0 per share, indicating that the share is likely to list at ₹136 on its tentative listing date, October 6, 2025.

GMP data is subject to change based on market trends and sentiments. Please verify the live GMP status before applying for the Zelio E-Mobility GMP. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends. 

Zelio E-Mobility IPO GMP Review

Check out the detailed Zelio E-Mobility GMP IPO review for a thorough understanding of its potential to report listing gains on 8th October 2025. The Zelio E-Mobility IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO. 

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Therefore, it is crucial to understand the business’s financial growth margins and declines before applying for the Zelio E-Mobility IPO.

Zelio E-Mobility Limited’s revenue increased by 83.84% from ₹51.62 crore in March 2023 to ₹ 94.90 crore in March 2024. Moreover, the company’s PAT rose by 106.20% from ₹3.06 crores to ₹6.31 crores.

Zelio E-Mobility Limited’s IPO has demonstrated consistent revenue growth, indicating that the company is financially stable. Moreover, brokers, investors, and RAs have a positive outlook for the Zelio E-Mobility IPO on its tentative listing day, 8th October 2025.  

Technical Analysis

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Zelio E-Mobility IPO.

The P/E ratio of Zelio E-Mobility Limited’s share is 35.63, and its Earnings Per Share (EPS) stands at 3.82. Thus, the Zelio E-Mobility Limited IPO can deliver gains on its tentative listing date, 8th October  2025. 

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Zelio E-Mobility Limited are subject to change following the IPO. Refer to the table below for post-issue updates on these two metrics. 

Zelio E-Mobility IPO Subscription Status

The Zelio E-Mobility IPO is scheduled to open for bidding on September 30, 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Zelio E-Mobility IPO subscription status. 

About Zelio E-Mobility Limited

Zelio E-Mobility Limited was established in 2021. Zelio E-Mobility Limited is engaged in the manufacturing, assembly, and supply of electric vehicles, including two-wheelers and three-wheelers. The company, operating under the brands “Zelio” (E-2Ws) and “Tanga” (3Ws), focuses on producing eco-friendly electric vehicles with lower emissions, reduced noise, and energy sustainability, supported by a vast dealer network. The company operates from a 24,458.01 sq. meter facility in Ladwa, Haryana, with an annual production capacity of 72,000 electric two-wheelers and three-wheelers, using advanced machinery for manufacturing and assembly.

Zelio E-Mobility Limited Financials

The company’s financial analysis is essential before applying for the Zelio E-Mobility  IPO. Refer to the table to learn about Zelio E-Mobility Limited’s financial information. 

Explanation

Zelio E-Mobility Limited’s revenue increased by 83.84% from ₹51.62 crore in March 2023 to ₹ 94.90 crore in March 2024. Moreover, the company’s PAT rose by 106.20% from ₹3.06 crores to ₹6.31 crores.

Zelio E-Mobility IPO Bidding Requirements

Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 thereof. The following table represents the minimum and maximum investments by individual investors (retail) and HNI in terms of shares and amount.

Zelio E-Mobility’s IPO has reserved lot sizes for different investor categories. Refer to the table below to view the requirements for applying to this IPO.

Use the lot size calculator to find how many shares you should apply for!

Zelio E-Mobility IPO Promoter Holding

Refer to the table below to review the holdings of Zelio E-Mobility Limited’s promoters: Sanjay Singhania, Ajay DD Singhania, Bajrang Bothra, Laxmi Pat Bothra and Nikhil Bothra.

Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue –  Share Holding Post-Issue.

Aim of the Zelio E-Mobility IPO

The primary aim of the Zelio E-Mobility IPO is to raise ₹78.34 crore. On the other hand, Zelio E-Mobility has decided to utilise these funds in different ways. Explore some of the secondary objectives for the Zelio E-Mobility IPO.

• To Repayment and/or pre-payment, in full or part, of borrowing availed by the Company
• To Fund the Capital Expenditure requirements towards setting up of a new manufacturing unit
• To Meet Working Capital Requirement

Should I Invest in the Zelio E-Mobility IPO?

Explore the pros and cons of Zelio E-Mobility to know whether you should apply or avoid the issue. These pros and cons may help you understand the IPO’s efficiency in generating profits in the coming decades. 

Pros of Zelio E-Mobility IPO

• The company has an extensive network of dealers covering major parts of India.
• The company has a proven track record of financial success
• The company has quality assurance, ensuring standardised product quality    

Cons of Zelio E-Mobility IPO

• The company has a high operating and working capital intensity
• The company has heavy dependence on third party delivery platform
• The company has a moderate growth rate versus expectations

How to Apply for the Zelio E-Mobility IPO?

Please follow the steps outlined below to apply for a position at Zelio E-Mobility Limited.

• Step 1: Conduct thorough research on the Zelio E-Mobility IPO, including GMP, subscription status, issue size, lot size, and other relevant details. 
• Step 2: Open a demat account with Univest to gain real-time insights into GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
• Step 3: Place a bid for two lots of 2,000 shares, valued at ₹2,72,000.
• Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for the Zelio E-Mobility IPO from more than one demat account to increase your chances of allotment. 

How to Check Zelio E-Mobility IPO Allotment Status?

You can check whether the Zelio E-Mobility IPO allotment has been completed in various ways. These include NSE and the registrar portal. Refer to the steps below to check your allotment status online.

Check On BSE

• Visit the BSE Official Website.
• Navigate to the IPO Allotment Section. 
• Select Equity as the issue type. 
• Choose the Zelio E-Mobility IPO.  
• Choose whether to proceed with the PAN number or the application number. 
• Submit your details to get the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal.
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your Zelio E-Mobility IPO allotment status.

Let’s Wrap

Zelio E-Mobility’s IPO is a fresh issue of shares worth ₹31.07 crore. The shares of Zelio E-Mobility Limited will be listed on BSE and SME on its tentative listing date of 3rd October 2025. Researching the Zelio E-Mobility IPO GMP and reviews is highly recommended to secure your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on Zelio E-Mobility IPO

How is the Zelio E-Mobility IPO?

Ans. As of 26th September 2025, the Zelio E-Mobility IPO GMP (Grey Market Premium) stands at ₹0. It indicates that the estimated listing price could be ₹136.00 per share. It is a book-building IPO of ₹78.34 crore, comprising an entirely fresh issue of ₹0.46 crore. The face value of each share of Zelio E-Mobility Limited is ₹10 per share.

What is the IPO price of Zelio E-Mobility?

Ans. The Zelio E-Mobility IPO price is set between ₹129 to ₹136 per share.  Retail investors can apply for a minimum of 2 lots, each consisting of 2,000 shares, worth ₹2,72,000. Moreover, HNIs are required to bid for a minimum of 3 lots (3,000 shares) worth ₹4,08,000.

Is the Zelio E-Mobility IPO a good investment?

Ans. Zelio E-Mobility Limited’s revenue increased by 83.84% from ₹51.62 crore in March 2023 to ₹ 94.90 crore in March 2024. Moreover, the company’s PAT rose by 106.20% from ₹3.06 crores to ₹6.31 crores.

Who is the registrar of the Zelio E-Mobility IPO?

Ans. Maashitla Securities Private Limited is the registrar of the Zelio E-Mobility IPO, responsible for managing the allotment procedure and initiating refunds. For any queries regarding the Zelio E-Mobility allotment and refund, you can contact Maashitla Securities Private Limited at ipo@maashitla.com   or 91-11-45121795-96.

What is the issue size of the Zelio E-Mobility IPO?  

Ans. Zelio E-Mobility’s IPO is a book-building IPO of ₹78.34 crore, comprising an entirely fresh issue of 0.46 crore shares. Moreover, the IPO is set to open on 30th September 2025 and will be closed on 3rd October 2025. 

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Zelio E-Mobility IPO, download the Zelio E-Mobility IPO RHP and the Zelio E-Mobility IPO DRHP. Conduct thorough research before investing in IPOs to minimise the risk of significant losses. You can also consult your financial advisor.

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