Neolite ZKW Lightings has submitted a DRHP for a ₹600 crore IPO, which includes an OFS of ₹200 crore and a new issue of ₹400 crore. The money will be utilized to upgrade current operations and build a new manufacturing facility.
Neolite ZKW Lightings, a maker of automotive lighting equipment and components, has submitted a Draft Red Herring Prospectus (DRHP) for a ₹600 crore initial public offering (IPO) that combines an offer for sale (OFS) of ₹200 crore with a new issue of shares to raise ₹400 crore.
The business plans to finance the capital expenditure requirements for establishing a new greenfield manufacturing plant in Kancheepuram, Tamil Nadu, with the net proceeds from the new share offering.
Additionally, it plans to upgrade and expand the current Unit 1 production facility's electronic capabilities by acquiring SMT lines, testing equipment, and plant and machinery.
Additionally, a portion of the net revenues will be used for both general business needs and the repayment of some outstanding debts.
The issue's registrant is KFin Technologies Limited, while the book-running lead managers are Anand Rathi Advisors Limited and Systematix Corporate Services Limited.
Overview of Neolite ZKW Lightings' business
PVs (passenger vehicles), CVs (commercial vehicles), 3Ws (three-wheelers), and 2Ws (two-wheelers) are among the vehicle categories in which the company produces and supplies automotive lighting products and components for OEMs (original equipment manufacturers), according to the DRHP.
Additionally, the company provides automotive lighting solutions and components to the aftermarket sector.
Neolite ZKW Lightings is a major player in the domestic commercial vehicle lighting market, with a market share of 34.43% in FY25, according to a CRISIL report cited by the DRHP.
We are one of the top exporters of automotive lighting components and products from India, shipping to more than 50 nations in Western Europe, North America, and the CIS. As of October 31, 2025, we ship our products to six OEMs worldwide and 38 OEMs in India, according to the DRHP.
According to the DRHP, the company's earnings increased from ₹15.6 crore in FY23 to ₹19.1 crore in FY24 and ₹52.8 crore in FY25.
In FY23, FY24, and FY25, the company's operating revenue was ₹405.4 crore, ₹403 crore, and ₹512.1 crore.
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