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Zelio E-Mobility, a fast-growing electric two- and three-wheeler manufacturer, on Tuesday said it has successfully closed its anchor book, raising ₹22.29 crore from eight marquee investors ahead of its SME initial public offering.
According to the official press release, a total of 16.39 lakh equity shares were allotted to anchor investors at the upper price band of ₹136 per share, comprising a face value of ₹10 and a premium of ₹126.
It said that four leading investors accounted for about 82 per cent of the anchor allocation. Sanshi Fund-I, backed by Mukul Agrawal and Saranya Agrawal, subscribed to 33.68 per cent of the portion, while India Max Investment Fund Limited, a foreign institutional investor, took 30.20 per cent. Carnelian AIF Category I Trust-Scheme 1 and Viney Growth Fund each subscribed to 9.03 per cent. Collectively, these four funds took 13.43 lakh shares worth ₹18.26 crore.The remaining allocation included Finavenue Capital Trust – Finavenue Growth Fund, Rajasthan Global Securities, SB Opportunities Fund, and Sunrise Investment Trust – Sunrise Opportunities Fund. Foreign investors accounted for 30 per cent of the total anchor investment, signalling increasing global interest in India’s electric mobility sector.
The strong response reflects market confidence in the company’s business model, profitability, and growth trajectory, the company added.
The SME IPO of Zelio E-Mobility will open for subscription on 30 September 2025 and close on 3 October 2025.
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