About Neolite ZKW Lightings IPO
In IPO Rs. 400 crore will include fresh issue of equity shares, including Rs. 200 crore will also be an offer for sale (OFS), where promoters Rajesh Jain, NeoCraft Global Pvt Ltd and ZKW Group GmbH will be the selling shareholders.
Jain Rs. 114 crore will offload total shares, while Neokraft and ZKW will offload Rs. 40 crore and Rs. 46 crore will buy the share.
In consultation with the Book Running Lead Managers (BRLMs), the company has allocated Rs. May also consider pre-IPO placement of up to Rs 75 crore.
About Neolite ZKW Lightings
Founded in 1992, Neolite ZKW is a manufacturer and global supplier of automotive lighting products and components to OEMs. Citing a CRISIL report, DRHP claims that the company has a market share of 34.43% in the domestic commercial vehicle lighting segment in FY2025.
The company has a strategic alliance with ZKW Group GMBH (which became a subsidiary of LG Electronics in 2018).
As of October 31, 2025, the company served more than 40 OEMs and offered a portfolio of more than 830 SKUs, including LED and EV-centric lighting solutions.
Its diverse customer base includes Tata Motors Ltd, Stellentis Automobiles India Pvt Ltd, JSW MG Motor India Pvt Ltd, Daimler India Commercial Vehicles Pvt Ltd, VE Commercial Vehicles Ltd and Isuzu Motors.
The IPO goes ahead
The company has set up a new greenfield manufacturing facility at Kanchipuram in Tamil Nadu out of its net proceeds from the fresh issue of Rs. 152.51 crore is planned to be used. It has proposed to use another 79 crore for purchase of plant and machinery and electronic expansion at existing manufacturing facilities.
Out of the total income, the company has set aside Rs. 65 crore will be used. The remaining amount, if any, will be used for general corporate purposes.
Neolite ZKW Lightings Financial
For the three-month period ending June 30, 2025, revenue from operations stood at Rs. 124.85 crore, with exports contributing 55.08% and domestic sales accounting for 44.92% of the total revenue. In FY 2025, revenue from operations will increase to Rs. 512 crores.
Profitability has improved materially during this period, with gross profit margin increasing to 49.18% in FY25 from 37.84% in FY23.
Operating EBITDA in FY23 was Rs. 41.55 crore in FY25 to Rs. 96.46 crore, operating EBITDA margin increased to 18.84% from 10.25%.
Profit After Tax (PAT) in FY 2025 to Rs. 52.82 crore which in FY23 was Rs. 15.58 crore, which translates to a PAT margin of 10.32%.
As of October 31, 2025, the Company has Rs. 171.87 crore had an order book, which is expected to be executed by the financial year ending March 31, 2027.
Also Read: IPO Boom In 2026: India’s Primary Market Next Year At Rs. 4 lakh crore will raise capital, says the report
Lead managers
Anand Rathi Advisors Limited and Systematics Corporate Services Limited is the Book Running Lead Manager of the issue.
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