Neolite ZKW Lightings files DRHP with SEBI for ₹600 crore IPO

Neolite ZKW Lightings IPO: Automotive lighting products maker Neolite ZKW Lightings filed preliminary papers with market regulator Securities and Exchange Board of India (SEBI) on Monday, December 29, to raise funds via an initial public offering (IPO).

The proposed ₹600 crore initial share sale will be a combination of a fresh issuance of ₹400 crore and an offer for sale (OFS) of ₹200 crore.

Under the OFS, promoters Rajesh Jain and Neokraft Global Private Limited, along with other selling shareholder ZKW Group GmbH, will divest their shares.

The net proceeds from the issue will be utilised for funding capital expenditure requirements for establishing a new greenfield manufacturing plant at Tamil Nadu's Kancheepuram, debt repayment, purchase of plant and machinery, SMT lines and testing equipment for electronic expansion and upgrading of existing facility and general corporate purposes.

"Our company also expects to receive benefit from listing of the equity shares on the stock exchanges, including enhancement of our company’s visibility and brand name amongst our existing and potential customers and creation of a public market for our equity shares in India," the firm said in its draft red herring prospectus (DRHP).

Anand Rathi Advisors and Systematix Corporate Services are the issue's book-running lead managers, while KFin Technologies is the registrar.

About Neolite ZKW Lightings

Neolite ZKW Lightings is an established manufacturer and global supplier of automotive lighting products and components for original equipment manufacturers (OEMs). It offers an array of automotive lighting products and components across a portfolio of more than 830 stock-keeping units as of October 31, 2025.

The company has an alliance with ZKW Group GmbH (which became a subsidiary of LG Electronics in 2018). Austria-headquartered ZKW Group GmbH is among the leading players in the global automotive lighting industry, renowned for its expertise in premium lighting solutions and supplying high-tech LED and laser headlamps to marquee global OEMs like BMW and Audi.

The company's shares will be listed on the NSE and the BSE.