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Zelio E-Mobility Ltd

AutomobileIPOSME
₹136 - 136
₹136 - 136

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.

Lot1,000Min Invest₹2,72,000Face Value₹10Issue Size₹78 CrFresh Issue₹63 CrOffer for Sale₹16 CrListing Price₹155CMP₹1,020

Timeline

30 Sept
Bidding opens
3 Oct
Bidding closes
6 Oct
Allotment
7 Oct
Refund & demat credit
8 Oct
Listing

Subscription

Subscription opens once dates are announced

Reports

Offer Details

Terms

Issue Size₹78 Cr0.58 Cr shares
Fresh Issue₹63 Cr
Offer for Sale₹16 Cr
Face Value₹10
Lot Size1,000 shares
ReservationQIB 49.98% · NII 15% · RETAIL 35.02%

Application Sizes

Retail₹2,72,0001-1 lots
sNII₹2,72,000from 2 lots
bNII₹10,88,000from 8 lots

Managers & Registrar

Lead ManagerHEM Securities Ltd
RegistrarMaashitla Securities Pvt Ltd

Ownership & Proceeds

Offer for Sale

Selling ShareholderShares OfferedAmt ₹ CrNiraj AryaPRMTR3,80,0005.17Kunal AryaPRMTR3,80,0005.17Deepak AryaPRMTR3,80,0005.17Total11,40,00015.50

Shareholding

CategoryPre IPOPost IPOPromoter Group99.99%72.75%Public0.01%27.25%

Objects of the Issue

  1. Repayment adn/or pre-payment, in full or part, of borrowing availed by the company
  2. Funding the capital expenditure requirements towards setting up of a new manufacturing unit
  3. To meet working capital requirement
  4. General corporate purpose

Financials

Profit & Loss

Financial YearFY26
RevenueCr311
Operating ProfitCr35
OPM%11.3
PBTCr34
PATCr28
EPS15

Balance Sheet

Financial YearFY26
Equity CapitalCr21
ReservesCr90
BorrowingsCr20
Total AssetsCr155

Cash Flow

Financial YearFY26
Operating Cash FlowCr-11
Investing Cash FlowCr-7
Financing Cash FlowCr44
Net Cash FlowCr26

Strengths & Risks

Strengths · as stated in the DRHP
  • 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.
Strategies · as stated in the DRHP
  • Expand our manufacturing facility.
  • Expansion of our geographical footprint.
  • Continue to improve quality standards.
  • Scale up branding and promotional activities.
Risks · as stated in the DRHP
  • 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.
  • Our historical performance is not indicative of our future growth or financial results and we may not be able to sustain our historical growth rates.
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