Kheria Autocomp
Kheria Autocomp is a prominent auto ancillary unit specializing in plastic injection moulding. The company manufactures interior cabin trims, exterior plastic parts, and HVAC ducts for both internal combustion engine and electric vehicles.
Price Band
₹96 - ₹101
Lot Size
2400 Shares
Issue Size
₹46.44 Cr
Fresh Issue
₹46.44 Cr
OFS
N/A
Registrar
AI Sentiment Score
Current GMP
₹0
Est. Listing: ₹101 (0%)
📅 IPO Timeline
1
Open
Sep 17
2
Close
Sep 21
3
Allotment
Sep 22
4
Refund
Sep 23
5
Demat
Sep 23
6
Listing
Sep 24
✨ AI Analysis & Prediction
+2.0%
predicted listing gain
Predicted gain is adjusted upwards from the 0% GMP due to strong financial growth (PAT grew ~244% in 2 years), high ROE (33.72%), and a small float scarcity squeeze. The absence of an OFS component indicates promoter confidence, though the current lack of institutional subscription data acts as a neutralizer.
💪 Strengths
- Strong PAT growth from ₹3.31Cr to ₹11.42Cr
- High ROE of 33.72%
- 100% Fresh Issue with no promoter offloading
⚠️ Weaknesses
- Dependence on Tier-I suppliers as a Tier-II entity
- Small market cap associated with SME listing liquidity
🚀 Opportunities
- Expansion into new manufacturing facility at GIDC Sanand
- Growing demand for EV-compatible plastic components
🛡️ Threats
- Cyclical nature of the automotive industry
- Competition from other plastic moulding units
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| Part funding of capital expenditure for setting up of new manufacturing facility for plastic moulded auto components at GIDC Sanand Industrial Park; and | ₹39.95 |
| General Corporate Purpose* | ₹6.49 |
📊 Financial Overview
| Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | Rs 62.00 Cr | Rs 92.00 Cr | Rs 120.00 Cr |
| Net Profit / PAT (₹ Cr) | Rs 3.00 Cr | Rs 8.00 Cr | Rs 11.00 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs 10.00 Cr | Rs 16.00 Cr | Rs 23.00 Cr |
Debt/Equity
0.89
📋 Live Subscription Status
QIB
0.00x
NII
0.00x
Retail
0.00x
Total
0.00x
Updated: Sep 13, 2026 8:05 AM
💼 Reservation Quota
QIB
19.00%
Retail
33.25%
NII
14.25%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Check Allotment StatusCheck Now →
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
Established in 2009, Kheria Autocomp has evolved into a key player in the automotive ancillary sector, focusing on the specialized field of plastic injection moulding. Over the years, the company has built a robust operational framework to serve as a Tier-II supplier, providing critical components to Tier-I companies who then supply original equipment manufacturers (OEMs).
The company's core business model centers on the manufacturing of high-precision plastic parts. Its diverse product portfolio includes interior cabin trims, exterior plastic components, under-hood parts, and heating, ventilation, and air-conditioning (HVAC) ducts. This versatility allows them to cater to both traditional internal combustion engine vehicles and the growing electric vehicle (EV) market.
Operationally, the company is headquartered in Gujarat with a manufacturing facility located at Sanand. The facility spans 3 acres of land and is equipped with 30 injection moulding machines with varying capacities ranging from 120 to 1,700 tons, allowing for scalable production based on client needs.
The company's growth is steered by its promoters, Tara Chand Kheria, Vinay Kheria, Sushma Kheria, and Santosh Devi Kheria. Their leadership has focused on expanding production capacity and maintaining quality standards to secure its position as a reliable partner in the automotive supply chain.
The Kheria Autocomp IPO is a book-built issue seeking to raise approximately ₹46.44 Crore through a 100% fresh issue of equity shares. There is no Offer for Sale (OFS) component, meaning all proceeds will stay within the company. The price band is set at ₹96 to ₹101 per share, with a minimum lot size of 2,400 shares (amounting to ₹2,42,400). The issue opens on September 17, 2026, and closes on September 21, 2026, with listing expected on the NSE SME platform on September 24, 2026.
The primary objective of the fresh issue is the expansion of manufacturing capabilities. Specifically, ₹39.95 Crore is earmarked for the part funding of capital expenditure to set up a new manufacturing facility for plastic moulded auto components at the GIDC Sanand Industrial Park, with the remainder utilized for general corporate purposes.
Financially, the company has shown an impressive growth trajectory. Revenue increased from ₹62.40 Crore in FY24 to ₹120.30 Crore in FY26. More significantly, the Profit After Tax (PAT) has surged from ₹3.31 Crore in FY24 to ₹11.42 Crore in FY26, demonstrating strong operational efficiency and scaling capabilities.
From a valuation perspective, the company boasts a high ROE of 33.72% and ROCE of 26.89%. While a specific P/E ratio is not provided, the EPS for FY26 stands at ₹10.15. The company's financial health is further supported by a healthy PAT margin of 9.52% and a manageable debt-to-equity ratio of 0.89.
Investment strengths include the 100% fresh issue structure, strong revenue growth, and exposure to the EV segment. However, risks include the inherent volatility of the auto ancillary sector and the dependence on Tier-I companies for revenue. Investors should view this as a growth-oriented SME play with strong fundamentals but characteristic SME liquidity risks.