Zelio E-Mobility Secures SEBI Nod for Rs 78 Crore SME IPO
Electric vehicle manufacturer Zelio E-Mobility has received SEBI approval for its SME IPO, aiming to raise Rs 78 crore. The IPO is expected to launch by month-end with Hem Securities Ltd as the Book Running Lead Manager. Zelio, founded in 2021, has shown strong financial growth with a revenue CAGR of 83.29% and PAT CAGR of 128.76% between FY23 and FY25. The company has an annual production capacity of 72,000 units and operates through over 280 dealers across 20+ states and union territories in India, offering electric scooters and three-wheelers.
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Electric vehicle manufacturer Zelio E-Mobility has received the green light from the Securities and Exchange Board of India (SEBI) for its Small and Medium Enterprise (SME) Initial Public Offering (IPO). The company aims to raise Rs 78 crore through this public issue.
IPO Details
- Zelio E-Mobility has obtained Draft Red Herring Prospectus (DRHP) approval from SEBI.
- The IPO is expected to go live by the end of this month.
- Hem Securities Ltd will serve as the Book Running Lead Manager for the issue.
Financial Performance
Zelio E-Mobility has demonstrated strong financial growth:
| Fiscal Year | Revenue (in crore) | Profit After Tax (in crore) |
|---|---|---|
| FY25 | 172.19 | 16.00 |
- Between FY23 and FY25, the company achieved:
- Revenue growth at a Compound Annual Growth Rate (CAGR) of 83.29%
- Profit After Tax (PAT) expansion at a CAGR of 128.76%
Company Overview
- Founded in 2021, Zelio E-Mobility is a relatively young player in the electric vehicle market.
- The company has an installed annual production capacity of 72,000 units.
- Zelio operates through a network of over 280 dealers across more than 20 states and union territories in India.
- The company's product portfolio includes electric scooters and three-wheelers.
The approval of Zelio E-Mobility's SME IPO by SEBI marks a significant milestone for the company. As the electric vehicle market in India continues to grow, this public offering could provide Zelio with the capital needed to expand its operations and strengthen its position in the competitive EV landscape.
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