Neolite ZKW Lightings Files DRHP for Rs 6,000 Crore IPO

30 Dec 2025 CW Team

The proposed IPO comprises a fresh issue of equity shares worth up to Rs 4,000 crore and an offer for sale (OFS) of up to Rs 2,000 crore by existing shareholders, including promoter Rajesh Jain (Rs 1,140 crore), Neokraft Global (Rs 400 crore) and ZKW Group GmbH (Rs 460 crore). The company may also undertake a pre-IPO placement of up to Rs 750 crore, subject to regulatory approvals.

Founded in 1992, Neolite ZKW Lightings is among India’s leading automotive lighting manufacturers, with a 34.43 per cent market share in the domestic commercial vehicle lighting segment, as per CRISIL. The company supplies advanced lighting systems across passenger vehicles, commercial vehicles, electric vehicles, two-wheelers and off-road segments, and serves more than 40 OEMs globally.

The IPO proceeds will be utilised towards setting up a new greenfield manufacturing facility in Kancheepuram, Tamil Nadu, with an investment of Rs 1,525.10 crore; expansion and modernisation of existing manufacturing facilities amounting to Rs 790.79 crore; and repayment or prepayment of borrowings aggregating Rs 650 crore. The balance will be used for general corporate purposes.

Neolite ZKW operates three manufacturing facilities in Bahadurgarh, Haryana and Pune, Maharashtra, and exports to over 50 countries across Europe, North America and CIS regions. The company has a strategic alliance with ZKW Group GmbH, a global automotive lighting major and subsidiary of LG Electronics.

For FY25, the company reported revenue of Rs 5,120.75 crore, with exports contributing 46.35 per cent. Profit after tax stood at Rs 528.24 crore, while EBITDA margins improved to 18.84 per cent. As of October 31, 2025, the order book stood at Rs 1,718.76 crore.

Anand Rathi Advisors and Systematix Corporate Services are acting as the book running lead managers to the issue.

Neolite ZKW Lightings, a leading automotive lighting manufacturer and supplier to global OEMs, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) aggregating up to Rs 6,000 crore.The proposed IPO comprises a fresh issue of equity shares worth up to Rs 4,000 crore and an offer for sale (OFS) of up to Rs 2,000 crore by existing shareholders, including promoter Rajesh Jain (Rs 1,140 crore), Neokraft Global (Rs 400 crore) and ZKW Group GmbH (Rs 460 crore). The company may also undertake a pre-IPO placement of up to Rs 750 crore, subject to regulatory approvals.Founded in 1992, Neolite ZKW Lightings is among India’s leading automotive lighting manufacturers, with a 34.43 per cent market share in the domestic commercial vehicle lighting segment, as per CRISIL. The company supplies advanced lighting systems across passenger vehicles, commercial vehicles, electric vehicles, two-wheelers and off-road segments, and serves more than 40 OEMs globally.The IPO proceeds will be utilised towards setting up a new greenfield manufacturing facility in Kancheepuram, Tamil Nadu, with an investment of Rs 1,525.10 crore; expansion and modernisation of existing manufacturing facilities amounting to Rs 790.79 crore; and repayment or prepayment of borrowings aggregating Rs 650 crore. The balance will be used for general corporate purposes.Neolite ZKW operates three manufacturing facilities in Bahadurgarh, Haryana and Pune, Maharashtra, and exports to over 50 countries across Europe, North America and CIS regions. The company has a strategic alliance with ZKW Group GmbH, a global automotive lighting major and subsidiary of LG Electronics.For FY25, the company reported revenue of Rs 5,120.75 crore, with exports contributing 46.35 per cent. Profit after tax stood at Rs 528.24 crore, while EBITDA margins improved to 18.84 per cent. As of October 31, 2025, the order book stood at Rs 1,718.76 crore.Anand Rathi Advisors and Systematix Corporate Services are acting as the book running lead managers to the issue.

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