IPO Details and Fundraising Plans
Neolite ZKW Lightings submitted its DRHP to SEBI for a ₹600 crore IPO. The company plans a fresh issue of 6.67 crore equity shares priced at ₹90 per share. Proceeds will enhance manufacturing capabilities and fund R&D in advanced LED technologies. No offer-for-sale component features in the draft papers. Book-running lead managers include Motilal Oswal and Nuvama Wealth Management.
Financial Performance and Growth Trajectory
Neolite ZKW reported FY24 revenue of ₹712 crore, marking a 28% year-on-year increase. EBITDA stood at ₹85 crore with 12% margins, reflecting strong operational efficiency. The firm supplies lighting solutions to major OEMs like Maruti Suzuki and exports to over 30 countries. Passenger vehicle lighting contributes 70% to its portfolio. EV lighting demand drives future revenue potential.
Strategic Focus on EV and Exports
Neolite ZKW emphasizes adaptive LED headlights and smart lighting for electric vehicles. The IPO will support capacity expansion at its Gurugram and Manesar plants. Company promoters hold 74.6% stake post-IPO. It aims to capitalize on India’s auto sector boom and global EV shift. Recent partnerships bolster its position in premium lighting segments.
