Capital market regulator SEBI has granted approval for three initial public offerings (IPOs) aimed at raising a cumulative ₹1,200 crore. The companies seeking to launch these IPOs—Neolite ZKW Lightings, SS Retail, and Aspri Spirits—submitted their preliminary IPO papers in December and received SEBI’s observations during the period from May 6 to May 14.
Neolite ZKW, a manufacturer of automotive lighting products, plans to raise ₹600 crore through its IPO. The offering includes a fresh share issuance of up to ₹400 crore, accompanied by an offer for sale (OFS) of ₹200 crore from promoters and shareholders, as outlined in the company’s draft red herring prospectus. The proceeds from the fresh issuance will be directed towards establishing a new manufacturing facility in Kancheepuram, Tamil Nadu, purchasing plant and machinery, expanding electronic capabilities at existing facilities, paying off debt, and covering general corporate expenses. Neolite ZKW serves original equipment manufacturers (OEMs) across various segments, including passenger vehicles, commercial vehicles, off-road vehicles, and two- and three-wheelers. The company maintains a strategic partnership with ZKW Group GMBH, a subsidiary of LG Electronics since 2018.
SS Retail, a mobile phone retailer, aims to raise ₹500 crore through its IPO. This offering will consist of a fresh issue of shares worth ₹300 crore, along with an OFS of ₹200 crore from promoters and other stakeholders. The funds raised from the fresh issuance will be utilized for capital expenditures related to the establishment of new stores planned for fiscal years 2027 and 2028, as well as for working capital needs and general corporate purposes.
Aspri Spirits has also announced an IPO with an overall issue size of ₹140 crore. This will include a fresh issue of equity shares along with an OFS of up to 50 lakh equity shares. Aspri Spirits is a prominent importer and distributor of premium alcoholic beverages in India, possessing exclusive rights to brands such as The Dalmore and Whyte & Mackay, in addition to various wine selections. As of late 2025, the company’s portfolio included 323 brands, establishing it as a significant player in the Indian alcoholic beverages market.
This information was published on May 15, 2026.
