Q1. What is the business of Neolite ZKW Lightings Limited ?

It manufactures and supplies automotive lighting products and components to global OEMs across passenger, commercial, EV, two- and three-wheelers.

Q2. Why is the company raising funds via IPO?

Neolite ZKW Lightings is raising funds via IPO for new manufacturing capacity, plant expansion, debt repayment and general corporate purposes to support growth.

Q3. What is the size of the issue and where will it list?

The issue size of the IPO is ₹600 crore (₹400 crore fresh + ₹200 crore OFS). It will be listed on BSE and NSE platforms.

Q4. What are the key risks to an investor?

Key risks include industry cyclicality, raw material cost swings, and dependence on key OEM customers that could affect earnings.

Q5. What are the potential upsides?

Upsides include leadership in automotive lighting, strong export footprint, EV-ready products, and capacity expansion for future demand.

Q6. How to apply for the IPO?

Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.

Neolite ZKW Lightings Limited

Upcoming

Neolite ZKW Lightings Limited

Market Cap

—

IPO Issue Size

~ ₹ 600 Cr

Expected Price by IPOCorner

—

IPO Score

*Score varies on actual price

Neolite ZKW Lightings Limited is a manufacturer and global supplier of automotive lighting products and components for original equipment manufacturers (OEMs), serving a wide range of vehicles including passenger vehicles, commercial vehicles, two-wheelers, three-wheelers, off-road vehicles and aftermarket lighting segments. The company also offers advanced LED and EV-focused lighting solutions and exports to over 50 countries.

Neolite ZKW Lightings has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an IPO aggregating up to ₹600 crore (fresh issue + offer for sale).

Neolite ZKW Lightings Limited was incorporated on 1992 and currently Mr. Rajesh Jain serves as the Managing Director of the company.

It designs, develops and manufactures comprehensive automotive lighting solutions including headlamps, tail lamps and LED/EV-focused lighting systems for OEMs and aftermarket segments.It supplies to 40+ OEMs and exports products to 50+ countries across passenger, commercial, EV, two-wheeler, three-wheeler and off-road vehicle segments.

Subscription date to apply for Neolite ZKW Lightings Limited is yet to be announced. Price band for the IPO is yet to be declared.

Year	2025
Networth	₹ 181.90 Cr
Revenue	₹ 512.07 Cr
EBITDA	₹ 96.46 Cr
PAT	₹ 52.82 Cr
EBITDA Margin	~18.84%
PAT Margin	~10.32%
Face Value	Rs.10 per Equity Share

IPO Important Dates

#	Date
Open Date	TBA
Close Date	TBA
Anchor Investor Bidding	TBA
Allotment Date	TBA
Refunds& Demat Credit	TBA
Tentative Listing Date	TBA

Use Of Proceeds

Purpose	Amount
Capital expenditure Requirement	~ ₹ 152.51 Cr
Purchase of Plant & Machinery	~ ₹ 79.07 Cr
Borrowing Repayment/Prepayment	~ ₹ 65 Cr
-	-
-	-
General Corporate Purpose	Balance

Financial Data

#	2023	2024	2025
Revenue (₹ Cr)	₹ 405.4	₹ 403.0	₹ 512.1
PAT (₹ Cr)	₹ 15.6	₹ 19.1	₹ 52.8
Asset (₹ Cr)	₹ 314.3	₹ 344.1	₹ 417.5
Net Worth (₹ Cr)	₹ 110.7	₹ 129.7	₹ 181.9

IPO Grey Market Premium

Date	IPO Price	IPO GMP	Profit Per Lot
23-Aug	₹ –	₹ –	₹ –
22-Aug	₹ –	₹ –	₹ –
21-Aug	₹ –	₹ –	₹ –
20-Aug	₹ –	₹ –	₹ –
19-Aug	₹ –	₹ –	₹ –

Pros

Strong presence in the automotive lighting segment with OEM-focused business.
Strategic partnership with ZKW Group (LG subsidiary) enhances technology and credibility.
Supplies to 40+ OEMs with exports to 50+ countries, ensuring diversified revenue.
Healthy exposure to EV and LED lighting, aligned with future auto trends.
Leadership position with ~34% market share in EV lighting in India.

Cons

High dependence on the automobile industry, which is cyclical in nature.
Revenue concentration risk due to reliance on key OEM customers.
IPO valuation may be aggressive, depending on final price band.
Profit margins can be impacted by raw material price volatility.
Competitive pressure from global and domestic lighting players.

Promoters – Pre offer equity (Approx)

Promoters	% Shares
Rajesh Jain	~ 58.47 %
Pramod Plastic Industries Private Limited	~ 14.11 %
-	-
-	-
-	-
-	-

Lot Size details

Application Type	Lot Size	No. of Lot	No. of Shares	Investment Amount
Retail (Min)	–	1	–	₹ –
Retail (Max)	–	13	–	₹ –
HNI (Min)	–	14	–	₹ –
HNI (Max)	–	66	–	₹ –
Big HNI (Min)	–	67	–	₹ –

Key Performance Index (KPI)

ROE	00
ROCE	00
RoNW	00

Lead / Book Running Lead Managers

Anand Rathi Advisors Limited,Systematix Corporate Services Limited

Registrar (RTA)

KFin Technologies Limited

Q1. What is the business of Neolite ZKW Lightings Limited ?
It manufactures and supplies automotive lighting products and components to global OEMs across passenger, commercial, EV, two- and three-wheelers.
Q2. Why is the company raising funds via IPO?
Neolite ZKW Lightings is raising funds via IPO for new manufacturing capacity, plant expansion, debt repayment and general corporate purposes to support growth.
Q3. What is the size of the issue and where will it list?
The issue size of the IPO is ₹600 crore (₹400 crore fresh + ₹200 crore OFS). It will be listed on BSE and NSE platforms.
Q4. What are the key risks to an investor?
Key risks include industry cyclicality, raw material cost swings, and dependence on key OEM customers that could affect earnings.
Q5. What are the potential upsides?
Upsides include leadership in automotive lighting, strong export footprint, EV-ready products, and capacity expansion for future demand.
Q6. How to apply for the IPO?
Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.