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Zelio E-Mobility Limited is engaged in manufacturing, assembling and supplying of electric vehicles like two-wheelers and three-wheelers. 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.
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
| Revenue | ₹94.43 cr | ₹172.18 cr (+82.34%) | |
| PAT | ₹6.31 cr | ₹16.00 cr (+153.57%) | |
| PAT Margin | 6.68 % | 9.29 % (+39.07%) | |
| EBITDA | ₹8.76 cr | ₹22.65 cr (+158.56%) | |
| EBITDA Margin | 9.28 % | 13.15 % (+41.70%) | |
| ROE | 59.14 % | 59.99 % (+1.44%) | |
| ROCE | 34.84 % | 36.86 % (+5.80%) | |
| D/E | 1.32 | 0.82 (-37.88%) |
The company provides a diverse product portfolio comprises of various electric 2- wheelers and 3- wheelers are EEVA, EEVAZX,GRACY, Legender, Mystery, XMen.
PE Ratio: 20.41x Average Sector PE Ratio: 18.46x
| QIB Shares Offered: | 2732000 |
| - Anchor Investor Shares Offered: | 1639000 |
| − QIB (Ex. Anchor) Shares Offered : | 1093000 |
| NII (HNI) Shares Offered: | 820000 |
| - bNII > ₹10L: | 546000 |
| - sNII < ₹10L: | 274000 |
| Retail Shares Offered: | 1914000 |
| Total Shares Offered: | 5466000 |
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Max) | 2 | 2000 | ₹272000 |
| S-HNI (Min) | 3 | 3000 | ₹408000 |
| S-HNI (Max) | 7 | 7000 | ₹952000 |
| B-HNI (Min) | 8 | 8000 | ₹1088000 |
Avg IPO Size (Sector Based):
₹ 36.34 cr.
Average Sector PE Ratio:
18.46 X
Listing Price:
₹ [●]
Zelio E-Mobility is 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. They 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. They 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.
Hem Securities Limited, based in Jaipur is the Lead Manager (BRLM) of Zelio E-Mobility IPO. Hem Securities Limited has handled (17) SME IPOs till date of which (76%) of the SME IPOs have been listed with listing gains. Read full review of Hem Securities Limited .
Zelio E-Mobility IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Zelio E-Mobility Financial Review Page
Merchant Banker(s) of Zelio E-Mobility IPO: Hem Securities Limited
Zelio E-Mobility IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Zelio E-Mobility IPO listed at a listing price of against the offer price of 136.00.
The current market price of Zelio E-Mobility is .
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