Neolite ZKW Lightings has filed a draft red herring prospectus (DRHP) with India's Sebi for an initial public offering (IPO) aiming to raise Rs 600 crore. The offering includes a fresh issue of Rs 400 crore and an offer for sale (OFS) of Rs 200 crore by promoters and a shareholder. Proceeds will fund a new manufacturing facility in Tamil Nadu, capacity expansion, and debt repayment. The company, a manufacturer of automotive lighting products, has a strategic alliance with ZKW Group GmbH.