Zelio E-Mobility’s ₹78 Crore IPO Opens Today; Anchor Investors Commit ₹22.29 Crore

New Delhi, September 30, 2025: The ₹78 crore Initial Public Offering (IPO) of Zelio E-Mobility Limited is set to open today, on September 30. Investors who are interested in applying to the IPO can utilise the ASBA facility by visiting their net banking portal, or apply through an UPI mandate. The IPO application window will remain open till October 3.

Zelio E-Mobility Limited IPO is an Indian company that manufactures, assembles, and supplies two-wheelers under the brand name ‘Zelio’, and three-wheelers under the brand name ‘Tanga’. The company was established in 2021, and is headquartered in Hisar, Haryana.

Zelio E-Mobility’s IPO Raised ₹22.29 Crore From Anchor Investors

Ahead of the IPO, the company raised ₹22.29 crore from 8 anchor investors by allocating 16,39,000 equity shares at ₹136 per share. Key investors included Sanshi Fund-I, India Max Investment Fund Ltd, Carnelian AIF Cat I Trust – Scheme I, Viney Growth Fund, Finavenue Capital Trust – Finavenue Growth Fund, Rajasthan Global Securities Pvt Ltd, SB Opportunities Fund, and Sunrise Investment Trust – Sunrise Opportunities Fund.

Zelio E-Mobility’s IPO Issue Size of ₹78.34 Crore

The IPO has an issue size of ₹78.34 crore, including an entirely fresh issue of 0.46 crore shares, with no offer for sale element. The company has set a price band of ₹129 to ₹136 per share. The lot size is 1,000, equalling to a minimum investment of ₹2,72,000 by a retail investor at the upper price band. Hem Securities Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd. The shares are expected to list on BSE SME on October 8, 2025.

Investors can start applying to the issue after 10:00 AM today. Share allotment is expected on October 6, while credit of shares and refund initiation is expected on October 7.

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations