Zelio E Mobility has taken the market by storm, delivering 114% returns since its recent IPO.

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RAJ ANAND

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While big names lagged, this EV company’s rally left investors amazed with its rapid price surge.

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RAJ ANAND

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On Friday, Zelio shares jumped 10%, opening at ₹291.05 — its fresh 52-week high.

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RAJ ANAND

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After profit booking, the stock closed 2.83% lower at ₹257.10, still showing strong investor interest.

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RAJ ANAND

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The IPO opened on September 30 and closed on October 3, 2025, with a price band of ₹136.

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RAJ ANAND

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Each retail investor needed to apply for at least two lots worth ₹2.72 lakh.

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RAJ ANAND

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The IPO was subscribed 1.5 times overall, with retail investors bidding 1.32 times the issue size.

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RAJ ANAND

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Zelio E Mobility counts ace investor Mukul Mahavir Agrawal among its shareholders, holding a 2% stake.

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RAJ ANAND

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He owns 4.24 lakh shares — a strong vote of confidence in the company’s EV growth story.

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RAJ ANAND

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Zelio stands out as one of the few profitable electric vehicle makers in India’s fast-growing EV space.

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RAJ ANAND

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