Zelio E-Mobility Limited, an electric vehicle manufacturer based in Haryana, has launched its ₹78.34 crore Initial Public Offering (IPO) on the BSE SME platform.
The IPO opened for subscription on September 30, 2025, and will close on October 3, 2025. The price band for the issue has been set between ₹129 and ₹136 per share, with a lot size of 1,000 shares, requiring a minimum investment of ₹2.58 lakh at the upper price band.
The issue comprises a fresh issue of 5,760,000 equity shares, aggregating to ₹78.34 crore, with no offer for sale component. The funds raised through the IPO are intended to support the company’s expansion plans, including enhancing manufacturing capabilities and expanding its dealer network.
Zelio E-Mobility manufactures electric two-wheelers under the brand name ‘Zelio’ and electric three-wheelers under the brand ‘Tanga’.
The company operates from a 24,458 square meter facility in Ladwa, Haryana, with an annual production capacity of 72,000 units. It distributes its products through a network of over 280 dealers across more than 20 states and union territories.
The IPO’s tentative listing date on the BSE SME platform is October 8, 2025. Hem Securities Ltd. is the book running lead manager for the issue, and Maashitla Securities Pvt. Ltd. is the registrar. Hem Finlease Pvt. Ltd. serves as the market maker for the company.
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