Zelio E-Mobility, a rapidly expanding electric two and three-wheeler manufacturer that has been doubling its growth year over year, witnessed strong investor interest as its shares climbed around 10 percent in early trade. With a market capitalisation of ₹716 crore, the stock was trading at ₹338 per share following a significant institutional transaction.
According to exchange data, Motilal Oswal Financial Services acquired 3.5 lakh shares, representing a 1.65 percent stake in Zelio E-Mobility, at a price of ₹280 per share for a total consideration of ₹9.8 crore. The transaction adds an institutional investor to the company’s shareholder base and comes amid continued trading activity in the stock.
Zelio E-Mobility had earlier raised ₹78.34 crore through its IPO, comprising a fresh issue of ₹58.84 crore and an offer for sale of 11.4 lakh shares worth ₹15.50 crore. The issue was subscribed 1.5 times overall, with strong participation from both institutional and retail investors. The company’s shares debuted at ₹154.90 on October 8, 2025, at a 13.9 percent premium over the issue price, and have continued to maintain an upward trajectory since listing.
In its first reporting cycle following an SME IPO, the BSE-listed EV manufacturer reported consolidated revenue of ₹134.78 crore and profit after tax of ₹11.87 crore for H1 FY26. On a standalone basis, revenue rose 77 percent year-on-year to ₹133.3 crore, while profit after tax increased 69 percent year-on-year. For FY25, Zelio E-Mobility reported revenue of ₹172 crore, EBITDA of ₹21 crore and profit after tax of ₹16 crore, with a net worth of ₹26.67 crore.
Zelio offers one of the most comprehensive product portfolios in the segment. Under the ‘Zelio’ brand, it manufactures a wide range of electric two-wheelers, including low-speed models such as X Men, X Men 2.0, Gracy i, Gracy+, Gracy Pro, Little Gracy, Eeva, Eeva ZX+, Legender and the Logix cargo scooter, along with its high-speed model Mystery. In the three-wheeler category, the company produces e-rickshaw models under the ‘Tanga’ brand, including Tanga Butterfly and Tanga Fine, catering to the growing commercial and last-mile mobility market.
Supported by a strong dealer network of more than 350 outlets across over 20 states and union territories, Zelio continues to expand its footprint across urban and emerging markets. The breadth of its product lineup, combined with consistent profitability and rapid growth, has strengthened its investment appeal and reinforced its position as a rising player in India’s EV ecosystem.
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