Issue Price
₹136
Per Share
GMP
NIL
Grey Market
Est. Listing
₹136
Expected Price
Min. Application
₹272,000
2 lots × 1000 shares
Incorporated in 2021, Zelio E-Mobility Limited is engaged in manufacturing, assembling and supplying of electric vehicles like 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 wide 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.Product Portfolio:The product portfolio comprises of various electric 2- wheelers and 3- wheelers are EEVA, EEVAZX,GRACY, Legender, Mystery, XMen.As on February 28, 2025, the company has employed around 176 employees excluding board of directors at various levels of the organization.Competitive Strengths:Extensive network of dealers covering major parts of IndiaQuality Assurance ensuring standardized product qualityRevenue derived from a geographically dispersed customer baseProven track record of Financial SuccessExperienced Promoters with senior management backed by marketing team
Zelio E-Mobility Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 294,000 | — | ₹4.00 Cr | — |
| TOTAL | 5,760,000 | 100.00% | ₹78.34 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹136,000 |
| Retail (Max) | 13 | 13,000 | ₹1,768,000 |
| sNII (Min) | 14 | 14,000 | ₹1,904,000 |
| bNII (Min) | 68 | 68,000 | ₹9,248,000 |
| Particulars | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue from Operations | 76.04 | 94.90 | 51.62 |
| EBITDA | 21.02 | 8.76 | 4.02 |
| Profit After Tax (PAT) | 7.05 | 6.31 | 3.06 |
| Net Worth | 17.71 | 10.67 | 4.36 |
| Total Assets | 53.89 | 29.08 | 15.47 |
| Reserves & Surplus | 17.68 | 10.64 | 4.33 |
| Total Borrowings | 21.97 | 14.11 | 9.59 |