Zelio E-Mobility, a fast-growing electrical car producer, will make its BSE SME debut on October 8 after closing its ₹78 crore IPO with reasonable investor curiosity and no seen traction within the gray market. The IPO’s gray market premium (GMP) stands at ₹0, suggesting muted itemizing expectations and a cautious stance from traders.
The IPO was subscribed 1.5 instances general, reflecting gentle demand throughout all classes. The non-institutional investor phase was subscribed 1.76 instances, QIBs 1.61 instances, and retail traders 1.32 instances. The anchor guide had earlier raised ₹22.29 crore, however the restricted follow-through from retail and HNIs indicators uncertainty over near-term upside.
Priced within the vary of ₹129–136 per share, Zelio’s IPO included a contemporary subject of ₹62.83 crore and a proposal on the market value ₹15.5 crore. The minimal funding for retail traders was ₹2.72 lakh for two,000 shares. Hem Securities acted because the lead supervisor, with Hem Finlease because the market maker.
Zelio E-Mobility manufactures and assembles electrical two-wheelers and three-wheelers beneath the manufacturers Zelio and Tanga.
The corporate’s portfolio consists of standard low-speed and mid-speed EV fashions like Eeva, Legender, Thriller, and X-Males. Its manufacturing facility in Haryana spans over 24,000 sq mt, with an annual manufacturing capability of 72,000 automobiles.
The corporate sells by means of a community of sellers throughout a number of Indian states and has constructed a model round affordability and low upkeep.
Zelio has reported spectacular development on a small base. Income rose 83 per cent to ₹173.8 crore in FY25, whereas revenue greater than doubled to ₹16 crore.
Whereas the expansion story is promising, valuations and skinny subscription go away little room for a robust debut.
