Zelio E-Mobility Ltd IPO
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Zelio E-Mobility Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| TBA | TBA | TBA | TBA | DBC | ₹ 78.34 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 30 Sep, 25 | 03 Oct, 25 | 2000 | ₹ 2,58,000 | Book Building - SME | 08 Oct, 25 |
Zelio E-Mobility Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Automobiles - Scooters And 3 - Wheelers |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 0x | 0 | 0 |
| Retail | 0x | 0 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 0 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Zelio E-Mobility Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 8.20 | 3.91 | 1.56 |
| EBITDA | 8.78 | 4.12 | 1.58 |
| PAT | 6.31 | 3.06 | 1.27 |
| Total Assets | 20.38 | 10.84 | 8.09 |
| Share Capital | 0.03 | 0.03 | 0.03 |
| Total Borrowings | 17.49 | 11.30 | 4.42 |
| Operating Activities (Net Cash) | 6.89 | 3.27 | 1.29 |
| Investing Activities (Net Cash) | -1.04 | -3.72 | 0.00 |
| Financing Activities (Net Cash) | 17.49 | 11.30 | 4.42 |
| Net Cashflow | 0.05 | 0.10 | 0.03 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Zelio E-Mobility Ltd
Our Company was originally incorporated as a private limited Company in the name of Zelio Auto Private Limited under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated on July 15, 2021 issued by the Registrar of Companies, Central Registration Centre, bearing CIN: U34102HR2021PTC096362. Further, pursuant to Special Resolution passed by the shareholders at the Extra Ordinary General Meeting held on October 25, 2024, the name of our Company was changed from Zelio Auto Private Limited to Zelio E-Mobility Private Limited and a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies, Central Processing Centre vide letter dated November 21, 2024. Subsequently, our Company was converted into a Public Limited Company vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting, held on November 22, 2024 and consequently the name of our Company was changed from Zelio E-Mobility Private Limited to Zelio E-Mobility Limited vide a fresh certificate of incorporation consequent upon conversion from private company to public company dated November 29, 2024 issued by the Registrar of Companies, Central Processing Centre. Our Company's Corporate Identity Number is U34102HR2021PLC096362.
India's Electric Vehicle (EV) sector is experiencing rapid growth, fuelled by government incentives, rising environmental concerns, and technological advancements. With initiatives like the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, India aims to significantly increase EV adoption, revolutionizing its transportation landscape towards sustainability and innovation. India has established an objective to elevate the proportion of Electric Vehicle (EV) sales to 30% in private cars, 70% in commercial vehicles, 40% in buses, and 80% in two-wheelers and three-wheelers by the year 2030. This equates to an ambitious objective of 80 million EVs on Indian roads by 2030. Additionally, India strives for complete domestic EV production through the 'Make in India' initiative.
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.
Peer Comparison:
- Delta Autocorp Ltd
- Tunwal E-Motors Ltd
Zelio E-Mobility Ltd IPO Key Points
Strengths
- 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.
Risk
- 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.
Strategy
- Expand our manufacturing facility.
- Expansion of our geographical footprint.
- Continue to improve quality standards.
- Scale up branding and promotional activities.
- 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.
How To Apply for Zelio E-Mobility Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
