Zelio E-Mobility Ltd - IPO

Zelio E-Mobility Ltd IPO Details

Initial public offer of up to 57,60,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of Zelio E-Mobility Limited (the Company or the Issuer) at an offer price of Rs. 136 per equity share (including share premium of Rs. 126 per equity share) for cash, aggregating up to Rs. 78.34 crores (Public Offer) comprising of a fresh issue of 46,20,000 equity shares aggregating to Rs. 62.83 crores (the Fresh Issue) and an offer for sale of 11,40,000 equity shares by the promoter selling shareholders (Offer for Sale) aggregating to Rs. 15.50 crores comprising, 3,80,000 equity shares aggregating up to Rs. 5.17 crores by Niraj Arya, 3,80,000 equity shares aggregating up to Rs. 5.17 crores by Kunal Arya and 3,80,000 equity shares aggregating up to Rs. 5.17 crores by Deepak Arya (Collectively Refferd as Promoter Selling Shareholders) out of which 2,94,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 136 per equity share for cash, aggregating Rs. 4.00 crores will be reserved for subscription by the market maker to the offer (the Market Maker ReservationPortion). The public offer less market maker reservation portion i.e. offer of 54,66,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 136 per equity share for cash, aggregating up to Rs. 74.34 crores is herein after referred to as the Net Offer. The public offer and net offer will constitute 27.23 % and 25.84 % respectively of the post-offer paid-up equity share capital of the company.

Objective of issue

Repayment adn/or pre-payment, in full or part, of borrowing availed by the company. Funding the capital expenditure requirements towards setting up of a new manufacturing unit. To meet working capital requirement. General corporate purpose.

Zelio E-Mobility Ltd Contact Details

Zelio E-Mobility Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795

Email - cs@zelioebikes.com

Website - www.zelioebikes.com