Neolite ZKW Lightings Ltd. Receives SEBI Approval for ₹600 Crore IPO

The Securities and Exchange Board of India (SEBI) has approved Neolite ZKW Lightings Limited for its Draft Red Herring Prospectus (DRHP). This follows the initial filing made by the automotive lighting supplier in December 2025 for a proposed ₹600 crore Initial Public Offering (IPO).

The ₹600 crore public offering is a 100% book-built issue, combining a fresh issue valued at ₹400 crore with a ₹200 crore offer for sale (OFS).

While the Company plans to list its shares on both the BSE and NSE, the formal timeline, including the anchor investor bidding window and the specific opening and closing dates for the public, is yet to be finalised.

Neolite ZKW Lightings IPO - Issue Details

• Issue Type: Book-built IPO (Fresh Issue + OFS).
• Total Issue Size: Agg. up to ₹600 crore
• Fresh Issue: Agg. up to ₹400 crore
• Offer for Sale (OFS): Agg. up to ₹200 crore 
• Face Value:  ₹10 per equity share.
• Proposed Listing: The equity shares are proposed for listing on the NSE and BSE. 
• Book Running Lead Managers: Anand Rathi Advisors Limited and Systematix Corporate Services Limited. 
• Registrar: KFin Technologies Limited.

Explore other Upcoming IPOs on BSE and NSE.

Utilisation of Offer Proceeds

The Company proposes to utilise the net proceeds from the fresh issue towards the following purposes:

• Financing the capital expenditure requirements for setting up a new greenfield manufacturing facility at Kancheepuram, Tamil Nadu.
• Purchase of plant and machinery, SMT lines and testing equipment for electronic expansion and upgradation of the existing Unit 1 Manufacturing Facility.
• Repayment and/or pre-payment, in full or part, of certain outstanding borrowings availed by our Company.
• General corporate purposes.

The Company proposes to utilise the net proceeds from the fresh issue towards:

Check out newly Listed IPOs on BSE and NSE.

About Neolite ZKW Lightings Limited

Incorporated in 1992, Neolite ZKW Lightings Limited is an established manufacturer and global supplier of automotive lighting products and components for OEMs across a broad spectrum of vehicle categories, including PVs, CVs, ORs, 3Ws, and 2Ws.

The Company operates three semi-automated, partially vertically integrated manufacturing units, with two located in Bahadurgarh, Haryana, and one in Pune, Maharashtra. As of October 31, 2025, Neolite maintains a diverse portfolio of more than 830 stock-keeping units ("SKUs"), providing an extensive range of automotive lighting components and products.

Adapting to the industry trend toward sustainability and electrification, the Company's offerings now include specialised lighting products for electric vehicles ("EV").

Neolite ZKW Lightings Limited reported its financial performance for the 2025 fiscal year, achieving ₹124.4 crore in revenue from operations. During this period, the Company's profit after tax was ₹22.2 crore, while operating EBITDA was ₹36.8 crore. Additionally, the firm maintained a net debt of ₹60.3 crore.

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

To read the RA disclaimer, please click here.