Bookbuilding IPO | ₹600 Cr | Listing at BSE, NSE |
Neolite ZKW Lightings Ltd. has filed a Draft Red Herring Prospectus (DRHP) with SEBI on December 29, 2025 to raise funds through Initial Public Offer (IPO).
Neolite ZKW Lightings Ltd. IPO is a Book Build Issue of ₹600.00 crores consisting of a fresh issue of shares worth Rs ₹400.00 crores and an offer for sale (OFS) of ₹200.00 crores.
The equity shares are proposed to be listed on NSE and BSE. Anand Rathi Advisors Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Neolite ZKW Lightings IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | [.] shares (agg. up to ₹600 Cr) |
| Fresh Issue | [.] shares (agg. up to ₹400 Cr) |
| Offer for Sale | [.] shares of ₹10 (agg. up to ₹200 Cr) |
| Share Holding Pre Issue | 5,89,87,400 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Dec 29, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Offer |
Incorporated in 1992, Neolite ZKW Lightings is an established manufacturer and global supplier of automotive lighting products and components, catering to OEMs across passenger vehicles, commercial vehicles, off-road vehicles, three-wheelers and two-wheelers, as well as the automotive lighting aftermarket.
Its product portfolio is broadly categorised into LED-based products and non-LED products. With a diversified, powertrain-agnostic portfolio of over 830 SKUs as of October 31, 2025, the company serves both ICE and EV platforms, including EV-focused lighting solutions aligned with electrification and sustainability trends.
It supplies products to more than 40 OEMs globally, including 38 OEMs in India and 6 overseas, and exports to over 50 countries across CIS regions, North America, and Western Europe.
The company has three partially vertically integrated semi-automated manufacturing facilities with 2 in Bahadurgarh, Haryana and 1 in Pune, Maharashtra. The facilities have an aggregate area of 407,702.19 square feet and an aggregate installed capacity of 11.88 million units per annum.
As of October 31, 2025, it has an order book of Rs 1,718.76 million in project-based and tooling assignments.
Competitive Strengths
Neolite ZKW Lightings Ltd.'s revenue increased by 27% and profit after tax (PAT) rose by 177% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 438.75 | 417.55 | 344.09 | 314.34 |
| Total Income | 125.43 | 513.79 | 403.58 | 406.25 |
| Profit After Tax | 22.26 | 52.82 | 19.05 | 15.59 |
| EBITDA | 36.84 | 96.46 | 50.48 | 41.55 |
| NET Worth | 203.55 | 181.91 | 129.73 | 110.69 |
| Reserves and Surplus | 189.99 | 168.35 | 116.17 | 97.13 |
| Total Borrowing | 88.45 | 96.96 | 92.69 | 112.79 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Financing the capital expenditure requirements for setting up a new greenfield manufacturing facility at Kancheepuram, Tamil Nadu (“Proposed Project”) | 152.51 |
| 2 | Purchase of plant and machinery, SMT lines and testing equipment for electronic expansion and upgradation of existing Unit 1 Manufacturing Facility (“Upgradation”) | 79.08 |
| 3 | Repayment and/or pre-payment, in full or part, of certain outstanding borrowings availed by our Company | 65.00 |
| 4 | General corporate purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 33.90% |
| ROCE | 31.12% |
| Debt/Equity | 0.53 |
| RoNW | 33.90% |
| PAT Margin | 10.32% |
| EBITDA Margin | 18.84% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 74% |
Lead Manager Reports
Neolite ZKW Lightings IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹600 Crores. The issue is priced at To be declared. The minimum order quantity is .
The Neolite ZKW Lightings IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Neolite ZKW Lightings IPO using UPI as a payment gateway. Zerodha customers can apply in Neolite ZKW Lightings IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Neolite ZKW Lightings IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Neolite ZKW Lightings IPO dates are not announced. Please check back again after some time.
Neolite ZKW Lightings IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Neolite ZKW Lightings IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Neolite ZKW Lightings IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Neolite ZKW Lightings IPO allotment status.
The Neolite ZKW Lightings IPO listing date is not yet announced. The tentative date of listing is .
