Sebi Greenlights IPOs for Neolite Lightings, Aspri Spirits, and SS Retail
Sebi approves IPO plans of Neolite Lightings, Aspri Spirits and SS Retail
The Economic Times
Image: The Economic Times
The Securities and Exchange Board of India (Sebi) has approved initial public offerings (IPOs) for Neolite ZKW Lightings, Aspri Spirits, and SS Retail. Neolite plans to raise ₹600 crore for expansion and debt repayment, while Aspri seeks ₹140 crore for its premium beverage segment, and SS Retail aims for ₹500 crore to enhance its electronics retail operations.
- 01Neolite ZKW Lightings plans to raise ₹600 crore through a fresh issue of ₹400 crore and an offer-for-sale of ₹200 crore.
- 02Aspri Spirits' IPO consists of a fresh issue of up to ₹140 crore and an offer-for-sale of 50 lakh equity shares.
- 03SS Retail aims to raise ₹500 crore, with ₹300 crore from a fresh issue and ₹200 crore from an offer-for-sale.
- 04Neolite ZKW Lightings holds a 34.43% market share in India's commercial vehicle lighting segment as of FY25.
- 05Motilal Oswal is the book-running lead manager for Aspri Spirits' IPO, while Bigshare Services is the registrar.
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The Securities and Exchange Board of India (Sebi) has granted approval for the initial public offerings (IPOs) of three companies: Neolite ZKW Lightings, Aspri Spirits, and SS Retail. Neolite ZKW Lightings, a manufacturer of automotive lighting products, plans to raise ₹600 crore through a combination of a fresh issue of shares worth ₹400 crore and an offer-for-sale (OFS) of ₹200 crore by existing shareholders. The funds will be used for establishing a new manufacturing facility in Kancheepuram, Tamil Nadu, expanding operations, and repaying debts. Neolite ZKW holds a 34.43% market share in India's commercial vehicle lighting sector as of FY25 and has partnerships with major automotive manufacturers. Aspri Spirits aims to raise ₹140 crore through its IPO, which includes a fresh issue and an OFS of 50 lakh equity shares, focusing on the premium alcoholic beverages market. Lastly, SS Retail plans to raise ₹500 crore through its IPO, comprising a fresh issue of ₹300 crore and an OFS of ₹200 crore, targeting the consumer electronics retail sector across several Indian states.
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The IPOs will enable these companies to expand their operations, potentially leading to job creation and enhanced product offerings in their respective markets.
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