Zelio E-Mobility Secures SEBI Nod for SME IPO, Set to List on BSE to raise INR 78 crores

Haryana: Zelio E-Mobility Ltd., a rapidly growing electric two- and three-wheeler manufacturer, has received approval from SEBI for its SME IPO to raise INR 78 crore and have already got the DRHP approval. The IPO may go live at the end of this month.

Founded in 2021, Zelio has built a strong footprint in the EV market with an installed annual capacity of 72,000 units. Its portfolio includes a range of electric scooters and three-wheelers distributed through a network of more than 280 dealers across 20+ states and union territories.

The company has showcased strong financial growth in a short span. For FY25 (provisional), Zelio reported revenue of ₹172.19 crore, EBITDA of ₹21.02 crore (12.20% margin), and profit after tax of ₹16 crore (9.29% margin). Net worth stood at ₹26.67 crore, while both ROE and ROCE were close to 60%. Between FY23 and FY25, revenue grew at a CAGR of 83.29%, and PAT expanded at a CAGR of 128.76%.

The IPO, with Hem Securities Ltd. as the Book Running Lead Manager, is expected to support the company’s next phase of growth. Investor participation details and specific use of proceeds will be shared closer to the issue.