Neolite ZKW Lightings

Neolite ZKW Lightings Limited (NEW IPO): GMP, Review, Profit, details

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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.

It designs, develops and manufactures comprehensive automotive lighting solutions including headlamps, tail lamps and LED/EV-focused lighting systems for OEMs and aftermarket segments.

Neolite supplies it’s products to 40+ OEMs and exports to 50+ countries across passenger, commercial, EV, two-wheeler, three-wheeler and off-road vehicle segments.

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 consisting Fresh issue of ₹ 400 Cr & Offer for Sale of ₹ 200 Cr.

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

Check DRHP
Check IPO Allotment
Visit Official Website
Issue Size:~ ₹ 600 Cr
Fresh Issue:~ ₹ 400 Cr
Offer for Sale:~ ₹ 200 Cr
Price Range:TBA
Lot Size:TBA
GMPPending

Neolite ZKW Lightings Limited Important data points

Revenue, PAT, EBITDA

YearFiscal 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:₹ 10 Per equity share

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Purchase of Plant & Machinery~ 79.07 Cr
Repayment/Prepayment of Borrowing~ 65 Cr
Capital expenditure~ 152.51 Cr
General Corporate PurposeBalance

Neolite ZKW Lightings Limited Financial Data

202320242025
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

Neolite ZKW Lightings Limited IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
19-Mar₹ –₹ –₹ –
18-Mar₹ –₹ –₹ –
17-Mar₹ –₹ –₹ –
16-Mar₹ –₹ –₹ –
15-Mar₹ –₹ –₹ –
Neolite ZKW Lightings

Neolite ZKW Lightings Limited Pros & Cons

Strengths:

  • 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.

Risks:

  • H+A25:A31pendence on the automobile industry, which is cyclical in nature.
  • Heavy reliance on a few anchor OEM clients creates a vulnerability
  • 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.

Neolite ZKW Lightings Limited Promoters – Pre offer equity (Approx)

Promoters%Shares
Rajesh Jain~ 58.47 %
Pratibha Agarwal~14.11%
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Neolite ZKW Lightings Limited Lot Size details

Application TypeLot SizeNo. of LotNo. of SharesInvestment Amount
Retail (Min)–1–₹ –
Retail (Max)–13–₹ –
HNI (Min)–14–₹ –
HNI (Max)–66–₹ –
Big HNI (Min)–67–₹ –

Lead Managers / Registrars of Neolite ZKW Lightings Limited

Lead / Book Running Lead ManagersAnand Rathi Advisors Limited, Systematix Corporate Services Limited
Registrar (RTA)KFin Technologies Limited

Neolite ZKW Lightings Limited FAQ

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

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

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

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

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

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

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