Zelio E-Mobility Gets SEBI Approval for Rs 78 Crore SME IPO

Zelio E-Mobility Ltd. has received approval from the Securities and Exchange Board of India (SEBI) to launch its Small and Medium Enterprises (SME) initial public offering (IPO). With this IPO, the company plans to raise Rs 78 crore through a listing on the Bombay Stock Exchange (BSE).

The IPO is expected to open by the end of September 2025. Hem Securities Ltd. will act as the Book Running Lead Manager for this issue.

Company Profile and Market Presence

Zelio E-Mobility was founded in 2021 and has quickly built its place in India’s growing EV sector. The company has an annual production capacity of 72,000 units and manufactures both electric scooters and three-wheelers. Over the past three years, it has created a strong presence through a distribution network of more than 280 dealers across 20 states and union territories.

By focusing on affordable and practical EVs, Zelio has made its products appealing to a wide range of customers, including those in semi-urban and smaller towns. This wide network also supports after-sales service, which is an important factor for long-term growth.

Financial Performance

• In FY25 (provisional), Zelio reported revenue of Rs 172.19 crore.
• EBITDA: Rs 21.02 crore with a 12.20% margin.
• Profit after tax: Rs 16 crore with a 9.29% margin.
• Net worth: Rs 26.67 crore in FY25.
• Strong returns: Both ROE and ROCE were close to 60%, showing smart use of money.
• From FY23 to FY25: Revenue grew at 83.29% CAGR. Moreover, the profit after tax grew at 128.76% CAGR.

Why This Matters

The SME IPO space has become an important platform for emerging businesses in India. It gives growing companies like Zelio access to capital markets, while also offering investors opportunities to back new-age companies.

Before you go, don’t forget to check out that Suzuki Motorcycles and Scooters Get Cheaper After GST 2.0.