Zelio E-Mobility Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹136
Per ShareLot Size
1000 Shares
Minimum Investment
₹1,36,000
Issue Size
₹78.34 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.02%
QIB Quota
49.98%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Zelio E-Mobility Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
72.77%
Issue Type
Book Building - SME
ISIN
INE1B3501014
About the Company
We are primarily engaged in the business of manufacturing, assembling and supplying of electric vehicles, offering a range of electric two-wheelers ("E-2Ws") and three-wheelers ("3Ws"), available in a variety of design, color, speed variants etc. We are an ISO 45001:2018, ISO 9001:2015 and ISO 14001:2015 certified company, operating under the brand name "Zelio" for E-2Ws and "Tanga" for 3Ws and focussing exclusively on the production of E-2Ws and 3Ws which serves environmental benefits such as lower emissions, reduced noise, energy sustainability etc. We launched the first range of electric scooters in FY 2021-22 and operate through a network of exclusive and non-exclusive dealers spanning across urban, semi-urban, and rural areas.
Industry Overview
India's Electric Vehicle (EV) sector is experiencing rapid growth, fuelled by government incentives, rising environmental concerns, and technological advancements. With initiatives like the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, India aims to significantly increase EV adoption, revolutionizing its transportation landscape towards sustainability and innovation. India has established an objective to elevate the proportion of Electric Vehicle (EV) sales to 30% in private cars, 70% in commercial vehicles, 40% in buses, and 80% in two-wheelers and three-wheelers by the year 2030. This equates to an ambitious objective of 80 million EVs on Indian roads by 2030. Additionally, India strives for complete domestic EV production through the 'Make in India' initiative.
Company History
Our Company was originally incorporated as a private limited Company in the name of "Zelio Auto Private Limited" under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated on July 15, 2021 issued by the Registrar of Companies, Central Registration Centre, bearing CIN: U34102HR2021PTC096362. Further, pursuant to Special Resolution passed by the shareholders at the Extra Ordinary General Meeting held on October 25, 2024, the name of our Company was changed from "Zelio Auto Private Limited" to "Zelio E-Mobility Private Limited" and a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies, Central Processing Centre vide letter dated November 21, 2024. Subsequently, our Company was converted into a Public Limited Company vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting, held on November 22, 2024 and consequently the name of our Company was changed from "Zelio E-Mobility Private Limited" to "Zelio E-Mobility Limited" vide a fresh certificate of incorporation consequent upon conversion from private company to public company dated November 29, 2024 issued by the Registrar of Companies, Central Processing Centre. Our Company's Corporate Identity Number is U34102HR2021PLC096362.
Growth Strategy
- Expand our manufacturing facility.
- Expansion of our geographical footprint.
- Continue to improve quality standards.
- Scale up branding and promotional activities.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of up to 57,60,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Zelio E-Mobility Limited ("the Company" or "the Issuer") at an offer price of Rs. 136 per equity share (including share premium of Rs. 126 per equity share) for cash, aggregating up to Rs. 78.34 crores ("Public Offer") comprising of a fresh issue of 46,20,000 equity shares aggregating to Rs. 62.83 crores (the "Fresh Issue") and an offer for sale of 11,40,000 equity shares by the promoter selling shareholders ("Offer for Sale") aggregating to Rs. 15.50 crores comprising, 3,80,000 equity shares aggregating up to Rs. 5.17 crores by Niraj Arya, 3,80,000 equity shares aggregating up to Rs. 5.17 crores by Kunal Arya and 3,80,000 equity shares aggregating up to Rs. 5.17 crores by Deepak Arya (Collectively Refferd as "Promoter Selling Shareholders") out of which 2,94,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 136 per equity share for cash, aggregating Rs. 4.00 crores will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The public offer less market maker reservation portion i.e. offer of 54,66,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 136 per equity share for cash, aggregating up to Rs. 74.34 crores is herein after referred to as the "Net Offer". The public offer and net offer will constitute 27.23 % and 25.84 % respectively of the post-offer paid-up equity share capital of the company. Price Band: Rs. 129/- to Rs. 136/- for equity share of face value of Rs. 10 each. The floor price is 12.90 times times the face value and cap price is 13.60 times of the face value of the equity shares. Bids can made for a minimum of 2,000 equity shares and in multiples of 1,000 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Extensive network of dealers covering major parts of India.
- Quality Assurance ensuring standardized product quality.
- Revenue derived from a geographically dispersed customer base.
- Proven track record of Financial Success.
- Experienced Promoters with senior management backed by marketing team.
- Our Company has been recently formed, thus we have limited operating history as a Company which may make it difficult for investors to evaluate our historical performance or future prospects.
- Our Company is dependent on limited number of suppliers within limited geographical location for procurement of raw materials. Any delay, interruption or reduction in the supply of raw materials required for our products may adversely affect our business, results of operations, cash flows and financial condition.
- We generate our major portion of turnover from our operations in certain geographical regions and any adverse developments affecting our operations in these regions could have an adverse impact on our revenue and results of operations.
- We source our majority of the raw materials from international market i.e. China. Any adverse developments affecting our procurement in this region could have an adverse impact on our revenue and results of operations.
- We require certain approvals, licenses, registrations and permits to operate our business, and failure to obtain or renew them in a timely manner or maintain the statutory and regulatory permits and approvals required to operate our business may adversely affect our operations and financial conditions.